Kraton (NYSE:KRA) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Kraton (NYSE:KRAGet Rating) in a research note issued on Monday. The brokerage set a “buy” rating on the specialty chemicals company’s stock.

Separately, Zacks Investment Research lowered Kraton from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 12th.

Kraton stock opened at $46.49 on Monday. Kraton has a one year low of $30.48 and a one year high of $46.74. The business has a fifty day moving average price of $46.36 and a 200-day moving average price of $45.83. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 0.75. The firm has a market capitalization of $1.50 billion, a P/E ratio of 15.19 and a beta of 2.08.

Kraton (NYSE:KRAGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The specialty chemicals company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.23. Kraton had a return on equity of 14.17% and a net margin of 8.64%. The firm had revenue of $512.35 million during the quarter, compared to analyst estimates of $552.80 million. Sell-side analysts expect that Kraton will post 2.63 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in Kraton during the fourth quarter worth about $51,000. Maverick Capital Ltd. bought a new stake in Kraton during the fourth quarter worth about $70,000. Royal Bank of Canada lifted its stake in Kraton by 166.0% during the second quarter. Royal Bank of Canada now owns 2,232 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 1,393 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in Kraton during the fourth quarter worth about $135,000. Finally, Commerce Bank bought a new stake in Kraton during the fourth quarter worth about $206,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

About Kraton (Get Rating)

Kraton Corp. engages in the manufacture and marketing of styrenic block copolymers, specialty polymers, and other products primarily derived from pine wood pulping co-products. It operates through the Polymer and Chemical segment. The Polymer segment includes styrenic block copolymers and other engineered polymers business.

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