Somewhat Positive News Coverage Somewhat Unlikely to Impact Kraton Corporation (KRA) Stock Price
News articles about Kraton Corporation (NYSE:KRA) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kraton Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 45.8372534225241 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- Kraton Corp. – Value Analysis (NYSE:KRA) : August 30, 2017 (finance.yahoo.com)
- Kraton Corporation (KRA) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Kraton Corporation (NYSE:KRA) Experiences Light Trading Volume (highlightpress.com)
- 5 Solid Relative Price Strength Stocks for Assured Returns (finance.yahoo.com)
- Kraton Corp. breached its 50 day moving average in a Bullish Manner : KRA-US : August 23, 2017 (finance.yahoo.com)
Several equities research analysts recently commented on KRA shares. Zacks Investment Research upgraded Kraton Corporation from a “strong sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research report on Wednesday, May 3rd. BidaskClub upgraded Kraton Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, UBS AG restated a “sell” rating and set a $27.00 target price (up previously from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th.
Shares of Kraton Corporation (KRA) traded down 0.69% during midday trading on Wednesday, hitting $33.04. The company had a trading volume of 157,132 shares. Kraton Corporation has a 52 week low of $24.95 and a 52 week high of $37.50. The company has a market capitalization of $1.03 billion, a P/E ratio of 23.72 and a beta of 1.23. The firm’s 50 day moving average is $34.99 and its 200 day moving average is $32.06.
Kraton Corporation (NYSE:KRA) last issued its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.24. The business had revenue of $525.30 million for the quarter, compared to analyst estimates of $506.58 million. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Equities research analysts anticipate that Kraton Corporation will post $2.31 EPS for the current year.
In other news, SVP James Leo Simmons sold 4,252 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $36.81, for a total transaction of $156,516.12. Following the transaction, the senior vice president now directly owns 25,695 shares of the company’s stock, valued at $945,832.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.01% of the company’s stock.
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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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