Kraton Performance Polymers Inc. (NYSE:KRA)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $30.45 and last traded at $30.36, with a volume of 218,559 shares changing hands. The stock had previously closed at $29.36.

Several research firms have recently commented on KRA. TheStreet upgraded Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research note on Wednesday, April 27th. Zacks Investment Research raised Kraton Performance Polymers from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 27th.

The firm has a 50 day moving average of $27.25 and a 200 day moving average of $20.38. The company has a market cap of $934.73 million and a PE ratio of 10.82.

Kraton Performance Polymers (NYSE:KRA) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.25. The company earned $419.90 million during the quarter, compared to the consensus estimate of $462.13 million. The firm’s revenue was up 60.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. On average, equities research analysts anticipate that Kraton Performance Polymers Inc. will post $2.82 EPS for the current fiscal year.

Other hedge funds and institutional investors recently modified their holdings of the company. Russell Frank Co increased its position in shares of Kraton Performance Polymers by 41.0% in the fourth quarter. Russell Frank Co now owns 63,215 shares of the company’s stock worth $1,070,000 after buying an additional 18,366 shares during the last quarter. Sei Investments Co. increased its position in shares of Kraton Performance Polymers by 1,288,262.5% in the fourth quarter. Sei Investments Co. now owns 103,069 shares of the company’s stock worth $1,712,000 after buying an additional 103,061 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Kraton Performance Polymers by 76.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 130,822 shares of the company’s stock worth $2,173,000 after buying an additional 56,522 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Kraton Performance Polymers by 14.1% in the fourth quarter. California Public Employees Retirement System now owns 140,200 shares of the company’s stock worth $2,329,000 after buying an additional 17,300 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in Kraton Performance Polymers by 155.0% in the fourth quarter. Nationwide Fund Advisors now owns 152,024 shares of the company’s stock worth $2,525,000 after buying an additional 92,412 shares during the period.

Kraton Performance Polymers, Inc is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools.

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