Kraton Performance Polymers Inc (KRA) : 3 analysts are covering Kraton Performance Polymers Inc (KRA) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, SunTrust Robinson Humphrey, maintains their rating on the shares of Kraton Performance Polymers Inc (NYSE:KRA). SunTrust Robinson Humphrey has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $41 per share from a prior target of $39. The rating by the firm was issued on August 1, 2016.
Kraton Performance Polymers Inc (NYSE:KRA): stock was range-bound between the intraday low of $35.72 and the intraday high of $36.74 after having opened at $36.36 on Wednesdays session. The stock finally closed in the red at $36.36, a loss of -0.16%. The stock remained in the red for the whole trading day. The total traded volume was 412,780 shares. The stock failed to cross $36.74 in Wednesdays trading. The stocks closing price on Thursday was $36.47.
Kraton Performance Polymers, Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Companys products are found in many everyday applications, including personal care products such as disposable diapers and the rubberized grips of toothbrushes, razor blades, and power tools. Its products are also used to impart tack and shear properties in a wide variety of adhesive products and to impart characteristics such as, flexibility and durability in sealants and corrosion resistance in coatings. It also produces Cariflex isoprene rubber and isoprene rubber latex. Its Cariflex products are used in applications such as surgical gloves and condoms. It manufactures its polymers at five manufacturing facilities globally, including its flagship facility in Belpre, Ohio, as well as facilities in Germany, France, Brazil and Japan. The facility in Japan is operated by an unconsolidated manufacturing joint venture.