Shares of Koppers Holdings Inc. (NYSE:KOP) have earned a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.50.
A number of research analysts have recently weighed in on KOP shares. ValuEngine downgraded Koppers from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. B. Riley set a $60.00 price target on Koppers and gave the company a “buy” rating in a research note on Friday, August 10th. Barrington Research reissued a “buy” rating and issued a $61.00 price target on shares of Koppers in a research note on Monday, August 13th. Zacks Investment Research raised Koppers from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, August 14th. Finally, TheStreet downgraded Koppers from a “b-” rating to a “c” rating in a research note on Monday, August 13th.
NYSE:KOP traded down $1.86 during trading hours on Monday, hitting $19.80. 790,847 shares of the stock were exchanged, compared to its average volume of 157,228. Koppers has a twelve month low of $19.79 and a twelve month 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 price-to-earnings ratio of 5.38, a P/E/G 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 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $442.70 million for the quarter, compared to analyst estimates of $502.63 million. During the same period in the prior year, the company posted $1.43 EPS. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts predict that Koppers will post 4.1 EPS for the current fiscal year.
In other news, VP R. Michael Johnson acquired 25,000 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 46,534 shares in the company, valued at $1,645,442.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider M Leroy Ball acquired 2,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was purchased at an average price of $34.96 per share, with a total value of $69,920.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 33,000 shares of company stock valued at $1,169,050. 8.70% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Koppers by 7.4% in the 3rd quarter. BlackRock Inc. now owns 3,336,675 shares of the specialty chemicals company’s stock valued at $103,938,000 after acquiring an additional 229,138 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Koppers by 13.3% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,438,597 shares of the specialty chemicals company’s stock valued at $55,170,000 after acquiring an additional 168,733 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Koppers by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 651,519 shares of the specialty chemicals company’s stock valued at $26,777,000 after acquiring an additional 17,212 shares in the last quarter. Redwood Investments LLC grew its holdings in shares of Koppers by 3.0% in the 2nd quarter. Redwood Investments LLC now owns 458,921 shares of the specialty chemicals company’s stock valued at $17,600,000 after acquiring an additional 13,477 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Koppers by 1.0% in the 2nd quarter. Northern Trust Corp now owns 314,045 shares of the specialty chemicals company’s stock valued at $12,044,000 after acquiring an additional 3,203 shares in the last quarter. Institutional investors and hedge funds own 88.10% of the company’s stock.
Koppers Company Profile
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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