Loop Capital assumed coverage on shares of Kraton Corporation (NYSE:KRA) in a research note released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $65.00 price target on the specialty chemicals company’s stock.

KRA has been the topic of a number of other research reports. UBS AG reissued a sell rating and set a $27.00 price objective (up previously from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. BidaskClub downgraded Kraton Corporation from a buy rating to a hold rating in a research note on Friday, August 11th. Zacks Investment Research raised Kraton Corporation from a hold rating to a strong-buy rating and set a $42.00 target price for the company in a research report on Tuesday, August 1st. Finally, KeyCorp reaffirmed a hold rating on shares of Kraton Corporation in a research report on Friday, September 1st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Kraton Corporation has an average rating of Buy and an average target price of $57.33.

Kraton Corporation (NYSE KRA) opened at 40.44 on Thursday. The stock’s 50 day moving average price is $33.92 and its 200 day moving average price is $32.76. The firm has a market capitalization of $1.26 billion, a PE ratio of 29.03 and a beta of 1.25. Kraton Corporation has a 52-week low of $24.95 and a 52-week high of $40.75.

Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.24. The business had revenue of $525.30 million during the quarter, compared to analysts’ expectations of $506.58 million. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the company posted $0.63 earnings per share. On average, analysts predict that Kraton Corporation will post $2.31 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Loop Capital Begins Coverage on Kraton Corporation (KRA)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/02/loop-capital-begins-coverage-on-kraton-corporation-kra.html.

In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $36.81, for a total transaction of $156,516.12. Following the completion of the sale, the senior vice president now owns 25,695 shares in the company, valued at approximately $945,832.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.01% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in shares of Kraton Corporation by 99.0% during the first quarter. US Bancorp DE now owns 3,806 shares of the specialty chemicals company’s stock valued at $118,000 after buying an additional 1,893 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Kraton Corporation by 279.4% during the first quarter. LS Investment Advisors LLC now owns 4,128 shares of the specialty chemicals company’s stock worth $128,000 after acquiring an additional 3,040 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Kraton Corporation by 80.4% during the second quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock worth $211,000 after acquiring an additional 2,742 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Kraton Corporation during the second quarter worth about $220,000. Finally, Mason Street Advisors LLC increased its position in shares of Kraton Corporation by 7.0% during the first quarter. Mason Street Advisors LLC now owns 7,229 shares of the specialty chemicals company’s stock worth $224,000 after acquiring an additional 473 shares in the last quarter. 97.75% of the stock is currently owned by hedge funds and other institutional investors.

Kraton Corporation 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.

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