Somewhat Positive Media Coverage Somewhat Unlikely to Impact Kraton Corp (KRA) Stock Price
Press coverage about Kraton Corp (NYSE:KRA) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kraton Corp earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 44.9983712170177 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Kraton Corp. breached its 50 day moving average in a Bullish Manner : KRA-US : September 22, 2017 (finance.yahoo.com)
- Tackifier Resin Dispersions Market to Significant Growth Foreseen by 2025 (mynewsdesk.com)
- Kraton Corporation (KRA) and The Competition Head-To-Head Analysis (americanbankingnews.com)
- Top Ranked Value Stocks to Buy for September 20th (finance.yahoo.com)
- KRATON CORP : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K) (4-traders.com)
KRA has been the subject of several research analyst reports. UBS AG reissued a “sell” rating and issued a $27.00 price objective (up from $26.00) on shares of Kraton Corp in a research note on Sunday, June 25th. BidaskClub raised Kraton Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research downgraded Kraton Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, KeyCorp reissued a “hold” rating on shares of Kraton Corp in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $34.50.
Kraton Corp (KRA) traded up 3.02% during midday trading on Friday, hitting $35.85. The stock had a trading volume of 290,413 shares. The stock has a 50-day moving average of $33.92 and a 200-day moving average of $32.76. The firm has a market cap of $1.12 billion, a P/E ratio of 25.74 and a beta of 1.28. Kraton Corp has a 52 week low of $24.95 and a 52 week high of $37.50.
Kraton Corp (NYSE:KRA) last issued its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.24. The company had revenue of $525.30 million for the quarter, compared to analyst estimates of $506.58 million. Kraton Corp had a return on equity of 19.77% and a net margin of 4.46%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. Analysts forecast that Kraton Corp will post $2.31 EPS for the current fiscal year.
In other news, SVP James Leo Simmons sold 4,252 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $36.81, for a total value of $156,516.12. Following the sale, the senior vice president now directly owns 25,695 shares in the company, valued at $945,832.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.01% of the company’s stock.
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About Kraton Corp
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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