Kraton (NYSE:KRA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday, ValuEngine reports.

Other analysts have also recently issued reports about the company. Loop Capital lowered their target price on Kraton from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Zacks Investment Research raised Kraton from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, September 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.00.

NYSE KRA opened at $17.87 on Tuesday. The business has a 50 day simple moving average of $14.95 and a 200 day simple moving average of $13.41. Kraton has a 52-week low of $4.45 and a 52-week high of $34.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 1.84. The stock has a market cap of $569.39 million, a price-to-earnings ratio of 2.92 and a beta of 3.07.

Kraton (NYSE:KRA) last posted its earnings results on Wednesday, July 29th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.22. Kraton had a return on equity of 3.64% and a net margin of 12.08%. The business had revenue of $355.68 million during the quarter, compared to analysts’ expectations of $370.70 million. On average, analysts predict that Kraton will post 0.28 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of KRA. PNC Financial Services Group Inc. grew its stake in shares of Kraton by 83.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 1,337 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Kraton by 135.7% during the 2nd quarter. Bank of Montreal Can now owns 4,884 shares of the specialty chemicals company’s stock worth $75,000 after acquiring an additional 2,812 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Kraton during the 1st quarter worth approximately $84,000. First Quadrant L P CA bought a new position in shares of Kraton during the 2nd quarter worth approximately $91,000. Finally, Royal Bank of Canada grew its stake in shares of Kraton by 933.1% during the 1st quarter. Royal Bank of Canada now owns 12,159 shares of the specialty chemicals company’s stock worth $98,000 after acquiring an additional 10,982 shares in the last quarter. 93.47% of the stock is owned by institutional investors.

About Kraton

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

Featured Story: What are the risks of holding treasury bonds?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Kraton (NYSE:KRA)

Receive News & Ratings for Kraton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton and related companies with MarketBeat.com's FREE daily email newsletter.