Kraton Corporation Common Stock (NYSE:KRA):
Kraton Corporation Announces Third Quarter 2016 Results.
The company is now down from yesterday’s close of $25.59.
It is trading at $25.54 a tad under the 50 day moving average of $33.33 and slightly below the 200 day moving average of $29.42. The 50 day moving average was down by -23.36% whereas the 200 day moving average was down $-3.88 or -13.18%.
The company’s P/E ratio is 7.41 and the market cap of the company is 789.59M. As of the latest earnings report the EPS was $3.45 and is expected to be $2.75 for the current year with 30,916,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.64 with next year’s EPS anticipated to be $3.39.
A few Wall Street analysts have weighed in on KRA of late. On October 27, 2015 the stock rating was rated “Sell” according to a UBS report which was a cut from the previous “Neutral” rating. On June 18 UBS held the company rating at “Neutral” and raised the price target to $24.00 from $21.00.
Credit Suisse downgraded the stock and raised the price target on January 6 changing the price objective from $20.00 to $22.00 and setting the rating at “Underperform” which had previously been “Neutral”. On January 6 the company was downgraded from “Neutral” to “Underperform” with a current price target of $22.00 by analysts at Credit Suisse.
October 31 investment analysts at Credit Suisse left the company rating at “Neutral” and lowered the price expectation from $23.00 to $20.00. On August 8 the company was set at “Neutral” by UBS down from the previous “Buy” rating.