SunTrust Robinson Humphrey Maintains Kraton Performance Polymers Inc to Buy with Price Target $41.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Kraton Performance Polymers Inc(NYSE:KRA). In a research note issued to the investors, the brokerage major Raises the price-target to $41.00 per share. The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, On Jul 29, 2016, UBS said it Maintains its rating on Kraton Performance Polymers Inc. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Sell’ by the firm.

Kraton Performance Polymers Inc (KRA) made into the market gainers list on Mondays trading session with the shares advancing 1.96% or 0.57 points. Due to strong positive momentum, the stock ended at $29.67, which is also near the day’s high of $29.7. The stock began the session at $29.18 and the volume stood at 2,20,720 shares. The 52-week high of the shares is $30.955 and the 52 week low is $13.35. The company has a current market capitalization of $915 M and it has 3,08,53,887 shares in outstanding.

Kraton Performance Polymers Inc(KRA) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $454.65M. Analysts had an estimated revenue of $445.07M. Earnings per share were $0.63. Analysts had estimated an EPS of $0.70.

Several Insider Transactions has been reported to the SEC. On May 11, 2015, Capital Partners, L.p. Fine (10% owner) sold 145,221 shares at $22.67 per share price.

Kraton Performance Polymers Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s 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.

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