Kraton (KRA) Upgraded to “B-” by TheStreet
KRA has been the topic of a number of other research reports. UBS Group reissued a sell rating and set a $33.00 price target (up previously from $30.00) on shares of Kraton in a research report on Wednesday, February 21st. ValuEngine upgraded Kraton from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut Kraton from a strong-buy rating to a hold rating in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $52.25.
Shares of Kraton (NYSE:KRA) traded up $2.84 during trading hours on Thursday, reaching $45.28. The company had a trading volume of 475,479 shares, compared to its average volume of 376,719. The firm has a market capitalization of $1,345.09, a P/E ratio of 14.85 and a beta of 1.26. Kraton has a 1-year low of $26.59 and a 1-year high of $53.39. The company has a quick ratio of 0.96, a current ratio of 2.08 and a debt-to-equity ratio of 2.36.
In other Kraton news, insider Kevin Michael Fogarty sold 1,042 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.00, for a total transaction of $52,100.00. Following the completion of the sale, the insider now directly owns 197,731 shares in the company, valued at $9,886,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.71% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Globeflex Capital L P lifted its stake in Kraton by 6,120.0% during the fourth quarter. Globeflex Capital L P now owns 2,177 shares of the specialty chemicals company’s stock worth $105,000 after purchasing an additional 2,142 shares during the last quarter. SG Americas Securities LLC bought a new stake in Kraton during the third quarter worth $169,000. First Quadrant L P CA bought a new stake in Kraton during the fourth quarter worth $200,000. AMP Capital Investors Ltd bought a new stake in Kraton during the fourth quarter worth $202,000. Finally, Amalgamated Bank bought a new stake in Kraton during the fourth quarter worth $209,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
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Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
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