Somewhat Favorable News Coverage Somewhat Unlikely to Affect Kraton (KRA) Stock Price
Media headlines about Kraton (NYSE:KRA) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kraton earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 46.4819060269288 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Kraton (KRA) opened at $46.73 on Friday. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19. The stock has a market capitalization of $1,460.00, a P/E ratio of 19.05 and a beta of 1.21. Kraton has a 52-week low of $25.09 and a 52-week high of $51.23.
Kraton (NYSE:KRA) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. The business had revenue of $510.90 million during the quarter, compared to analyst estimates of $481.77 million. Kraton had a return on equity of 14.19% and a net margin of 1.27%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. sell-side analysts predict that Kraton will post 2.96 EPS for the current fiscal year.
KRA has been the subject of several research reports. Zacks Investment Research upgraded Kraton from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a research note on Saturday, October 28th. Loop Capital initiated coverage on Kraton in a research report on Thursday, September 28th. They issued a “buy” rating and a $65.00 price target for the company. KeyCorp restated a “hold” rating on shares of Kraton in a research report on Friday, September 1st. TheStreet lowered Kraton from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. Finally, UBS initiated coverage on Kraton in a research report on Friday, September 29th. They issued a “buy” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Kraton currently has an average rating of “Hold” and a consensus target price of $51.50.
In related news, Director Barry J. Goldstein sold 16,651 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $49.15, for a total value of $818,396.65. Following the completion of the transaction, the director now directly owns 42,323 shares in the company, valued at $2,080,175.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Michael Fogarty sold 81,430 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.09, for a total value of $3,997,398.70. Following the completion of the transaction, the chief executive officer now owns 278,119 shares of the company’s stock, valued at $13,652,861.71. The disclosure for this sale can be found here. Insiders sold 218,614 shares of company stock valued at $10,434,139 over the last quarter. 4.71% of the stock is currently owned by company insiders.
Kraton Company Profile
Kraton Corporation, formerly 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. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
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