Kraton Performance Polymers Inc. (KRA) Sets New 1-Year High at $31.97
Kraton Performance Polymers Inc. (NYSE:KRA)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.97 and last traded at $31.83, with a volume of 612,536 shares trading hands. The stock had previously closed at $30.00.
Several research firms have commented on KRA. Zacks Investment Research downgraded shares of Kraton Performance Polymers from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. TheStreet upgraded shares of Kraton Performance Polymers from a “sell” rating to a “buy” rating in a report on Wednesday, April 27th.
The company’s 50-day moving average is $29.07 and its 200-day moving average is $22.56. The company has a market cap of $959.22 million and a PE ratio of 9.64.
Kraton Performance Polymers (NYSE:KRA) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.07. During the same period in the prior year, the firm posted $0.02 earnings per share. The company had revenue of $454.65 million for the quarter, compared to analyst estimates of $445.07 million. The company’s revenue for the quarter was up 77.7% compared to the same quarter last year. Analysts predict that Kraton Performance Polymers Inc. will post $2.75 EPS for the current year.
Other hedge funds have bought and sold shares of the company. Weber Alan W increased its stake in Kraton Performance Polymers by 163.7% in the fourth quarter. Weber Alan W now owns 477,400 shares of the company’s stock valued at $7,930,000 after buying an additional 296,370 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in 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 valued at $2,173,000 after buying an additional 56,522 shares during the last quarter. Finally, Russell Frank Co increased its stake in Kraton Performance Polymers by 41.0% in the fourth quarter. Russell Frank Co now owns 63,215 shares of the company’s stock valued at $1,070,000 after buying an additional 18,366 shares during the last quarter.
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.