Kraton Corp (NYSE:KRA) Downgraded by Zacks Investment Research to Hold

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Kraton Corp stock has undergone multiple analysts rating changes in the recent past.  Kraton Stock Forecast, Price & News Downgraded by Zacks Investment Research on 9/30/2020. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Kraton Stock Forecast, Price & News traded up $0.40 on Wednesday, reaching $17.50. 0 shares of the stock traded hands, compared to its average volume of 340063. Shares of Kraton Stock Forecast, Price & News were trading at $17.50 on Wednesday. The firm’s 50 day moving average is $15.79 and its 200 day moving average is $15.43.Kraton Stock Forecast, Price & News  has a 12 month low of $16.94 and a 12 month high of $33.28. While on yearly highs and lows, Kraton Stock Forecast, Price & News’s today has traded high as $17.69 and has touched $16.94 on the downward trend. See More Analyst Rating at: RATING

Kraton Stock Forecast, Price & News Earnings and What to expect: 

Kraton last announced its earnings data on July 29th, 2020. The specialty chemicals company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.22. The company earned $355.68 million during the quarter, compared to the consensus estimate of $370.70 million. Kraton has generated $2.94 earnings per share over the last year and currently has a price-to-earnings ratio of 2.9. Kraton has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 28th, 2020 based off prior year’s report dates.

Earnings for Kraton are expected to grow by 321.43% in the coming year, from $0.28 to $1.18 per share. The P/E ratio of Kraton is 2.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of Kraton is 2.85, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 35.18. Kraton has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • 3.32%
  • On 11/6/2019 CAO Chris H Russell Sell 4,241 at average share price of $24.46 which equates to $103,734.86 in money value.
  • On 11/5/2019 SVP Melinda Scissors Conley Sell 4,493 at average price of  $25.71 with total value of : $115,515.03
  • On 11/4/2019 CEO Kevin Michael Fogarty Sell 39,496 at average price of  $24.45 with total value of : $965,677.20

Other owners latest trading in Kraton Stock Forecast, Price & News :

  • On 9/15/2020 shares held by Two Sigma Advisers LP were 105,625 which equates to market value of $1.83M and appx 0.00% owners of Kraton Stock Forecast, Price & News
  • On 9/4/2020 shares held by Principal Financial Group Inc. were 354,280 which equates to market value of $6.12M and appx 0.00% owners of Kraton Stock Forecast, Price & News
  • On 8/28/2020 shares held by Lumbard & Kellner LLC were 265,523 which equates to market value of $4.59M and appx 2.60% owners of Kraton Stock Forecast, Price & News
  • In total Institutional ownership equates to Institutional Ownership Percentage: 93.47% for Kraton Stock Forecast, Price & News

Analyst at Zacks Investment Research are also talking about :

  • 9/15/2020 – Kraton was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. (View)
  • 9/10/2020 – Kraton was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. (View)
  • 8/4/2020 – Kraton had its price target lowered by analysts at Loop Capital from $34.00 to $29.00. They now have a “buy” rating on the stock. (View)
  • 6/12/2020 – Kraton was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)

Kraton Stock Forecast, Price & News (NYSE:KRA) Moving Average Technical Analysis

5 day Moving Average is $16.61 And 5 day price change is -$0.09 (-0.51%)  with average volume for 5 day average is 317,240. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $16.52 and 20 day price change is $3.46 (24.64%) and average 20 day moving volume is 392,825. 50 day moving average is $15.79  and 50 day price change is -$0.45 ( -2.51%)  and with average volume for 50 days is : 347,960. 200 day moving average is $15.43  and 200 day price change is -$7.17 (-29.06%)  and with average volume for 200 days is : 415,678.

See More Analyst Rating at: RATING