UBS Maintains a 'Buy' on Kraton Performance Polymers (KRA); Q4 Update and 2012 Outlook for Kraton
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Price: $46.49 --0%
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Kraton Performance Polymers (NYSE: KRA) price target lowered from $31 to $28.75.
UBS analyst says, "We estimate Kraton’s EBITDA for 2011 will be nearly $200 million and adjusted EPS of $3.60. Despite the dramatic swings in raw materials, our FY EPS estimate is within 7% of our January 2011 estimate that we forecast at $3.36. The December butadiene contract price is $0.98/lb, down from a $1.75/lb peak in August."
"We are lowering our 4Q11E EPS to negative $0.16 from a positive $0.14 to reflect an assumed reduction in shipments from 64k MT to 60k MT, and by increasing the estimated FIFO hit from $18M to $23M. We are raising our 2012E EPS by $0.10 to reflect the potential benefit from lower raw material costs, partially offset by a 2k MT reduction in our sales volume estimate."
For an analyst ratings summary and ratings history on Kraton Performance Polymers click here. For more ratings news on Kraton Performance Polymers click here.
Shares of Kraton Performance Polymers closed at $22.24 yesterday.
UBS analyst says, "We estimate Kraton’s EBITDA for 2011 will be nearly $200 million and adjusted EPS of $3.60. Despite the dramatic swings in raw materials, our FY EPS estimate is within 7% of our January 2011 estimate that we forecast at $3.36. The December butadiene contract price is $0.98/lb, down from a $1.75/lb peak in August."
"We are lowering our 4Q11E EPS to negative $0.16 from a positive $0.14 to reflect an assumed reduction in shipments from 64k MT to 60k MT, and by increasing the estimated FIFO hit from $18M to $23M. We are raising our 2012E EPS by $0.10 to reflect the potential benefit from lower raw material costs, partially offset by a 2k MT reduction in our sales volume estimate."
For an analyst ratings summary and ratings history on Kraton Performance Polymers click here. For more ratings news on Kraton Performance Polymers click here.
Shares of Kraton Performance Polymers closed at $22.24 yesterday.
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