|Bid||21.11 x 800|
|Ask||21.12 x 800|
|Day's Range||20.39 - 21.25|
|52 Week Range||20.09 - 40.76|
|Beta (5Y Monthly)||2.33|
|PE Ratio (TTM)||7.49|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Today we are going to look at Kraton Corporation (NYSE:KRA) to see whether it might be an attractive investment...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kraton Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Kraton plans to use the proceeds from the sale "to significantly strengthen our balance sheet and improve our leverage profile, positioning us for future growth in our core polymer and chemical businesses."
"The additional debt funding required to complete the proposed acquisition will increase Daelim's consolidated financial leverage, but the risk is mitigated by its solid financial capacity and the target's sound business profile," says Sean Hwang, a Moody's Analyst. On 30 October 2019, Daelim announced its plan to acquire Kraton's Cariflex business for around $530 million. This level of financial leverage is still within Moody's expectations for Daelim's Baa2 rating, although its higher financial leverage and lower cash will reduce the company's financial buffer at the current rating level.
Houston-based Kraton Corp. (NYSE: KRA) will sell its Cariflex business unit to South Korea-based Daelim Industrial Co. Ltd. for $530 million. Cariflex produces isoprene rubber latex and contributed $50.5 million of pro forma adjusted earnings before interest, tax, depreciation and amortization for 2018. Kraton decided to sell Cariflex after undertaking a strategic review of the business unit, the intrinsic value of which Kraton believed was not appropriately reflected in the company's overall valuation, Kraton President and CEO Kevin Fogarty said in the release.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
Kraton (KRA) delivered earnings and revenue surprises of -21.21% and -4.28%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
How far off is Kraton Corporation (NYSE:KRA) from its intrinsic value? Using the most recent financial data, we'll...
Kraton (KRA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Kraton Corporation (KRA) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Kraton shares dropped nearly a third after the chemical company warned that third-quarter earnings would lag estimates amid sagging global demand.
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