Kraton Performance Polymers Inc. (KRA) Hits New 12-Month High at $34.23
Kraton Performance Polymers Inc. (NYSE:KRA) reached a new 52-week high during trading on Monday . The stock traded as high as $34.23 and last traded at $33.74, with a volume of 380,878 shares traded. The stock had previously closed at $33.50.
KRA has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Kraton Performance Polymers from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, April 27th. TheStreet upgraded shares of Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research report on Wednesday, April 27th.
The stock has a market cap of $1.05 billion and a PE ratio of 10.51. The stock has a 50-day moving average price of $29.83 and a 200 day moving average price of $23.31.
Kraton Performance Polymers (NYSE:KRA) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The company had revenue of $454.65 million for the quarter, compared to the consensus estimate of $445.07 million. During the same quarter last year, the business posted $0.02 EPS. The company’s revenue was up 77.7% compared to the same quarter last year. Analysts forecast that Kraton Performance Polymers Inc. will post $2.75 earnings per share for the current fiscal year.
In related news, VP Melinda Scissors Conley sold 16,002 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $33.20, for a total value of $531,266.40. Following the transaction, the vice president now directly owns 38,264 shares in the company, valued at $1,270,364.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Demetriou sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $30.57, for a total transaction of $56,554.50. Following the completion of the transaction, the director now owns 30,398 shares in the company, valued at $929,266.86. The disclosure for this sale can be found here.
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. It operates through the manufacturing and marketing of engineered polymers segment.
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