Somewhat Favorable News Coverage Somewhat Unlikely to Affect Kraton Corporation (KRA) Share Price
News headlines about Kraton Corporation (NYSE:KRA) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kraton Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also gave news coverage about the specialty chemicals company an impact score of 46.3350150891024 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Westlake Chemical Up 32% in 3 Months: What’s Driving It? (sg.finance.yahoo.com)
- Asphalt Additives Market Predicted to Rake in US$4.7 Bn by 2025 (sbwire.com)
- Global IV Bags Market Poised to Gain Remarkable Growth Due to Substantial Revenue Growth in North America During 2017 – 2027 (sbwire.com)
- Kraton Corporation to Present at the Citi 2017 Basic Materials Conference (finance.yahoo.com)
- Contrasting OCI Partners (OCIP) and Kraton Corporation (KRA) (americanbankingnews.com)
Shares of Kraton Corporation (NYSE KRA) traded up $1.32 during trading on Wednesday, hitting $48.89. 444,000 shares of the stock traded hands, compared to its average volume of 323,423. The stock has a market cap of $1,488.76, a PE ratio of 19.26 and a beta of 1.21. Kraton Corporation has a 1-year low of $25.09 and a 1-year high of $51.23. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 2.85.
Kraton Corporation (NYSE:KRA) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.57. The business had revenue of $510.90 million for the quarter, compared to analysts’ expectations of $481.77 million. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. equities research analysts expect that Kraton Corporation will post 2.96 EPS for the current fiscal year.
KRA has been the subject of a number of research analyst reports. ValuEngine raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Kraton Corporation from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $55.00 target price (up previously from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Kraton Corporation presently has an average rating of “Hold” and a consensus target price of $51.50.
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In other news, SVP James Leo Simmons sold 6,950 shares of Kraton Corporation stock in a transaction on Friday, October 27th. The shares were sold at an average price of $47.39, for a total transaction of $329,360.50. Following the transaction, the senior vice president now owns 25,000 shares in the company, valued at approximately $1,184,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Holger R. Jung sold 21,202 shares of Kraton Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $39.64, for a total transaction of $840,447.28. Following the transaction, the senior vice president now owns 48,819 shares in the company, valued at approximately $1,935,185.16. The disclosure for this sale can be found here. Insiders have sold a total of 218,614 shares of company stock worth $10,434,139 in the last quarter. Corporate insiders own 4.71% of the company’s stock.
Kraton Corporation Company Profile
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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