Kraton Corporation (NYSE:KRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $47.00 price objective on the specialty chemicals company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.01% from the company’s current price.

According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “

Several other equities research analysts have also recently issued reports on the stock. Loop Capital started coverage on shares of Kraton Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $65.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of Kraton Corporation in a research note on Friday, September 1st. BidaskClub raised shares of Kraton Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. UBS AG started coverage on shares of Kraton Corporation in a research note on Friday, September 29th. They set a “buy” rating and a $65.00 price target on the stock. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a research note on Wednesday, October 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $58.00.

Kraton Corporation (NYSE KRA) opened at 41.96 on Tuesday. The firm’s 50-day moving average is $36.07 and its 200-day moving average is $34.14. Kraton Corporation has a 52 week low of $24.95 and a 52 week high of $42.27. The stock has a market capitalization of $1.31 billion, a P/E ratio of 30.63 and a beta of 1.25.

Kraton Corporation (NYSE:KRA) last released its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The company had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $506.58 million. During the same period last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that Kraton Corporation will post $2.23 EPS for the current fiscal year.

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In other news, SVP Holger R. Jung sold 21,202 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.64, for a total transaction of $840,447.28. Following the transaction, the senior vice president now directly owns 48,819 shares in the company, valued at approximately $1,935,185.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP James Leo Simmons sold 4,252 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $36.81, for a total transaction of $156,516.12. Following the transaction, the senior vice president now owns 25,695 shares in the company, valued at $945,832.95. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company’s stock.

Several hedge funds have recently made changes to their positions in KRA. BlackRock Inc. lifted its holdings in shares of Kraton Corporation by 48,153.2% during the 1st quarter. BlackRock Inc. now owns 3,811,520 shares of the specialty chemicals company’s stock worth $117,851,000 after acquiring an additional 3,803,621 shares during the period. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Kraton Corporation during the 2nd quarter worth about $16,071,000. Nuveen Asset Management LLC lifted its holdings in shares of Kraton Corporation by 138.5% during the 1st quarter. Nuveen Asset Management LLC now owns 710,282 shares of the specialty chemicals company’s stock worth $21,962,000 after acquiring an additional 412,530 shares during the period. FMR LLC lifted its holdings in shares of Kraton Corporation by 53.2% during the 1st quarter. FMR LLC now owns 954,380 shares of the specialty chemicals company’s stock worth $29,509,000 after acquiring an additional 331,303 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Kraton Corporation by 197.1% during the 1st quarter. Renaissance Technologies LLC now owns 331,300 shares of the specialty chemicals company’s stock worth $10,244,000 after acquiring an additional 219,791 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

About Kraton Corporation

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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