Kraton (NYSE:KRA) Shares Up 5.3%

Kraton Corp (NYSE:KRA)’s share price was up 5.3% during trading on Thursday . The company traded as high as $30.24 and last traded at $30.22. Approximately 186,619 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 227,427 shares. The stock had previously closed at $28.71.

A number of analysts recently commented on KRA shares. SunTrust Banks boosted their target price on Kraton to $39.00 and gave the company a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. TheStreet lowered Kraton from a “b-” rating to a “c” rating in a research report on Thursday, April 25th. ValuEngine lowered Kraton from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 26th. Finally, Zacks Investment Research raised Kraton from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.60.

The stock has a market capitalization of $903.48 million, a price-to-earnings ratio of 9.56 and a beta of 2.20. The business’s 50-day moving average price is $27.12. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.83 and a quick ratio of 0.78.

Kraton (NYSE:KRA) last released its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.23. The business had revenue of $456.40 million during the quarter, compared to the consensus estimate of $491.65 million. Kraton had a return on equity of 15.20% and a net margin of 2.93%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. As a group, analysts anticipate that Kraton Corp will post 3.94 earnings per share for the current fiscal year.

In other Kraton news, SVP Jose Fernando Cherubini Haddad sold 6,000 shares of Kraton stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $33.10, for a total transaction of $198,600.00. Following the completion of the transaction, the senior vice president now owns 14,910 shares in the company, valued at approximately $493,521. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.32% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in KRA. Versant Capital Management Inc boosted its stake in Kraton by 137.0% during the 1st quarter. Versant Capital Management Inc now owns 1,171 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 677 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Kraton during the 1st quarter valued at about $102,000. NumerixS Investment Technologies Inc boosted its stake in Kraton by 56.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the specialty chemicals company’s stock valued at $114,000 after purchasing an additional 1,300 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Kraton during the 1st quarter valued at about $209,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Kraton by 341.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,093 shares of the specialty chemicals company’s stock valued at $220,000 after purchasing an additional 7,807 shares during the last quarter. Institutional investors and hedge funds own 96.43% of the company’s stock.

About Kraton (NYSE:KRA)

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

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