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Kraton Corp. (KRA) produces and sells styrenic block copolymers (SBCs) and other engineered polymers.
It offers performance products comprising unhydrogenated SBCs, which are primarily used in paving, roofing, adhesives, sealants, coatings, and footwear applications; and specialty polymers consisting of hydrogenated SBCs that are used in lubricant additives, polymer modification, personal care, cable gels, and adhesives and coatings, as well as in medical, industrial, consumer, and other applications.
The companys products are also used in wire and cable; fabric; oilfield; and soft touch overmolding, protective cling films, and other polymer modification applications. It also provides isoprene rubber products that have applications in medical products, paints, coatings, and specialized footwear; and isoprene rubber latex products primarily for use in synthetic surgical gloves and condoms, as well as in medical, healthcare, personal care, and food contact operations.
In addition, the company offers pine-based specialty products for use in adhesive, road and construction, and tire markets; and a range of chemical intermediates, such as tall oil fatty acids, dimer acids, tall oil rosins, distilled tall oils, terpene fractions, alpha-pinenes, and beta-pinenes for various markets, including fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, flavors and fragrances, and mining. Kraton Performance Polymers, Inc. markets its products through various channels, including direct sales force, marketing representatives, and distributors under the Kraton, NEXAR, and Cariflex brands.
Shares have formed a bullish "cup and handle" following its recent quarterly report on July 27th. The firm posted net income of $7.4 million, or $0.24 per diluted share, in the second quarter 2016. Revenue was $454.6 million. Both were above the analysts estimates. Higher share prices are expected for this stock.
52-Weeks Trading Range: $13.35 - $37.50
Last Trade: $34.00
Stop Loss: $32.15
Target Price: $37.45
KRA closed at $28.00
