Koppers (KOP) Stock Rating Reaffirmed by B. Riley

Koppers (NYSE:KOP)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley in a research report issued to clients and investors on Friday. They presently have a $40.00 price objective on the specialty chemicals company’s stock. B. Riley’s price objective indicates a potential upside of 102.02% from the company’s current price.

KOP has been the topic of a number of other research reports. Barrington Research restated a “buy” rating and set a $61.00 price objective on shares of Koppers in a research note on Monday, August 13th. TheStreet lowered Koppers from a “b-” rating to a “c” rating in a research note on Monday, August 13th. Zacks Investment Research upgraded Koppers from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, August 14th. Seaport Global Securities began coverage on Koppers in a research note on Tuesday, October 16th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, ValuEngine lowered Koppers from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $45.50.

Shares of NYSE KOP opened at $19.80 on Friday. Koppers has a 1-year low of $19.79 and a 1-year high of $51.65. The company has a debt-to-equity ratio of 9.65, a quick ratio of 1.05 and a current ratio of 2.03. The company has a market cap of $599.10 million, a PE ratio of 7.18, a PEG ratio of 0.38 and a beta of 0.93.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 8th. The specialty chemicals company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.38). Koppers had a return on equity of 79.35% and a net margin of 1.47%. The company had revenue of $442.70 million for the quarter, compared to the consensus estimate of $502.63 million. During the same quarter last year, the business earned $1.43 EPS. Koppers’s revenue was up 15.0% on a year-over-year basis. Equities research analysts predict that Koppers will post 4.1 earnings per share for the current year.

In other news, VP Leslie S. Hyde sold 1,126 shares of Koppers stock in a transaction on Monday, August 27th. The stock was sold at an average price of $36.35, for a total value of $40,930.10. Following the transaction, the vice president now owns 30,510 shares in the company, valued at approximately $1,109,038.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP R. Michael Johnson purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average price of $35.36 per share, for a total transaction of $884,000.00. Following the purchase, the vice president now owns 46,534 shares in the company, valued at approximately $1,645,442.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 33,000 shares of company stock worth $1,169,050. Corporate insiders own 8.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of KOP. Howe & Rusling Inc. boosted its holdings in shares of Koppers by 14.0% during the 2nd quarter. Howe & Rusling Inc. now owns 11,036 shares of the specialty chemicals company’s stock valued at $423,000 after acquiring an additional 1,353 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Koppers by 11.5% during the 2nd quarter. Alps Advisors Inc. now owns 19,642 shares of the specialty chemicals company’s stock valued at $753,000 after acquiring an additional 2,033 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Koppers by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 50,908 shares of the specialty chemicals company’s stock valued at $1,952,000 after acquiring an additional 2,060 shares in the last quarter. James Investment Research Inc. boosted its holdings in shares of Koppers by 3.6% during the 2nd quarter. James Investment Research Inc. now owns 61,305 shares of the specialty chemicals company’s stock valued at $2,351,000 after acquiring an additional 2,151 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Koppers by 6.8% during the 2nd quarter. Comerica Bank now owns 34,936 shares of the specialty chemicals company’s stock valued at $1,324,000 after acquiring an additional 2,216 shares in the last quarter. Institutional investors own 88.10% of the company’s stock.

About Koppers

Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).

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