Koppers Holdings Inc. (KOP) Receives Average Rating of “Hold” from Brokerages

Shares of Koppers Holdings Inc. (NYSE:KOP) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $50.00.

A number of brokerages recently weighed in on KOP. Barrington Research set a $61.00 price objective on Koppers and gave the company a “buy” rating in a research report on Wednesday, September 5th. TheStreet downgraded Koppers from a “b-” rating to a “c” rating in a research report on Monday, August 13th. Zacks Investment Research raised Koppers from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, August 14th. B. Riley set a $60.00 price objective on Koppers and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, ValuEngine downgraded Koppers from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd.

KOP opened at $32.30 on Friday. Koppers has a 12-month low of $32.00 and a 12-month high of $51.80. 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 firm has a market cap of $709.43 million, a PE ratio of 8.78, a PEG ratio of 0.45 and a beta of 0.84.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 9th. The specialty chemicals company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.18). Koppers had a return on equity of 79.35% and a net margin of 1.47%. The firm had revenue of $436.00 million for the quarter, compared to the consensus estimate of $490.60 million. During the same period in the previous year, the company posted $1.18 EPS. Koppers’s quarterly revenue was up 15.3% compared to the same quarter last year. equities analysts expect that Koppers will post 4.1 EPS for the current year.

In related news, VP R. Michael Johnson acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of $35.36 per share, with a total value of $884,000.00. Following the completion of the transaction, the vice president now directly owns 46,534 shares in the company, valued at $1,645,442.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James A. Sullivan acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average cost of $35.73 per share, for a total transaction of $35,730.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 33,000 shares of company stock worth $1,169,050. 8.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KOP. BlackRock Inc. boosted its holdings in Koppers by 8.3% in the second quarter. BlackRock Inc. now owns 3,107,537 shares of the specialty chemicals company’s stock worth $119,174,000 after acquiring an additional 238,200 shares in the last quarter. Millennium Management LLC boosted its holdings in Koppers by 235.3% in the first quarter. Millennium Management LLC now owns 291,279 shares of the specialty chemicals company’s stock worth $11,972,000 after acquiring an additional 204,402 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Koppers by 13.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,438,597 shares of the specialty chemicals company’s stock worth $55,170,000 after acquiring an additional 168,733 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Koppers by 1,084.4% in the second quarter. Federated Investors Inc. PA now owns 148,194 shares of the specialty chemicals company’s stock worth $5,683,000 after acquiring an additional 135,682 shares in the last quarter. Finally, Harvey Partners LLC boosted its holdings in Koppers by 96.0% in the first quarter. Harvey Partners LLC now owns 98,000 shares of the specialty chemicals company’s stock worth $4,028,000 after acquiring an additional 48,000 shares in the last quarter. 89.14% of the stock is owned by institutional investors and hedge funds.

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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