What Will Happen to Kraton Corporation (KRA) Next? The Stock Formed a Several Months Wedge Down Chart Pattern

April 22, 2018 - By Clifton Ray

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.02, from 1.25 in 2017Q3. It improved, as 10 investors sold Kraton Corporation shares while 69 reduced holdings. 54 funds opened positions while 46 raised stakes. 28.49 million shares or 1.40% less from 28.89 million shares in 2017Q3 were reported.
Barclays Public Limited Company owns 36,352 shares or 0% of their US portfolio. Globeflex Capital L P accumulated 0.03% or 2,177 shares. Northwestern Mutual Wealth Mngmt has invested 0% in Kraton Corporation (NYSE:KRA). Meeder Asset Management reported 0% in Kraton Corporation (NYSE:KRA). Hancock reported 0.42% stake. Systematic Mngmt Ltd Partnership has 7,355 shares. Citigroup Incorporated owns 10,317 shares. Nuveen Asset Mgmt Ltd Liability Corp reported 562,773 shares. Gotham Asset Management Ltd Liability has invested 0% in Kraton Corporation (NYSE:KRA). Wells Fargo Com Mn holds 0% or 46,536 shares. Ameriprise, a Minnesota-based fund reported 306,997 shares. Prelude Mngmt Ltd Co holds 0% or 1,194 shares in its portfolio. Springowl Associate Limited Liability invested in 0.57% or 18,147 shares. Mutual Of America Cap reported 115,056 shares. New York State Teachers Retirement System holds 54,006 shares or 0.01% of its portfolio.

Since October 27, 2017, it had 0 insider buys, and 2 insider sales for $381,460 activity. Shares for $329,360 were sold by Simmons James Leo on Friday, October 27.

The stock of Kraton Corporation (KRA) formed a down wedge with $49.10 target or 5.00 % below today’s $51.68 share price. The 9 months wedge indicates high risk for the $1.64B company. If the $49.10 price target is reached, the company will be worth $81.90M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 2.05% or $1.08 during the last trading session, reaching $51.68. About 271,922 shares traded. Kraton Corporation (NYSE:KRA) has risen 66.15% since April 22, 2017 and is uptrending. It has outperformed by 54.60% the S&P500.

Analysts await Kraton Corporation (NYSE:KRA) to report earnings on April, 25 after the close. They expect $0.62 earnings per share, up 513.33 % or $0.77 from last year’s $-0.15 per share. KRA’s profit will be $19.65M for 20.84 P/E if the $0.62 EPS becomes a reality. After $0.67 actual earnings per share reported by Kraton Corporation for the previous quarter, Wall Street now forecasts -7.46 % negative EPS growth.

Kraton Corporation (NYSE:KRA) Ratings Coverage

Among 3 analysts covering Kraton (NYSE:KRA), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Kraton has $76.0 highest and $30 lowest target. $56.33’s average target is 9.00% above currents $51.68 stock price. Kraton had 4 analyst reports since October 25, 2017 according to SRatingsIntel. UBS maintained it with “Sell” rating and $33 target in Wednesday, February 21 report. SunTrust maintained it with “Buy” rating and $60.0 target in Thursday, October 26 report. The company was maintained on Wednesday, October 25 by UBS.

Kraton Corporation (NYSE:KRA) Institutional Positions Chart

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