Kraton Performance Polymers Inc. (KRA) Stock Price Up 2.5%
Shares of Kraton Performance Polymers Inc. (NYSE:KRA) rose 2.5% on Thursday . The company traded as high as $34.71 and last traded at $34.57, with a volume of 311,409 shares trading hands. The stock had previously closed at $33.72.
KRA has been the topic of a number of analyst reports. Zacks Investment Research upgraded Kraton Performance Polymers from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 27th. TheStreet upgraded Kraton Performance Polymers from a “sell” rating to a “buy” rating in a research note on Wednesday, April 27th.
The firm’s 50 day moving average price is $30.29 and its 200-day moving average price is $23.78. The firm has a market cap of $1.07 billion and a PE ratio of 10.73.
Kraton Performance Polymers (NYSE:KRA) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. The company earned $454.65 million during the quarter, compared to analysts’ expectations of $445.07 million. During the same period in the prior year, the company earned $0.02 earnings per share. The business’s revenue was up 77.7% compared to the same quarter last year. Analysts anticipate that Kraton Performance Polymers Inc. will post $2.75 EPS for the current year.
In other Kraton Performance Polymers news, 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 sale, the director now owns 30,398 shares in the company, valued at $929,266.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the vice president now owns 38,264 shares in the company, valued at approximately $1,270,364.80. 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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