Koppers (NYSE:KOP) Downgraded to “Strong Sell” at ValuEngine

Koppers (NYSE:KOP) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Other research analysts have also issued reports about the stock. Barrington Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of Koppers in a report on Friday, October 4th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $37.00 price target (up from $33.00) on shares of Koppers in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Koppers presently has an average rating of “Buy” and a consensus price target of $36.00.

Shares of NYSE KOP traded up $0.81 during midday trading on Monday, hitting $30.57. The company’s stock had a trading volume of 119,900 shares, compared to its average volume of 131,916. Koppers has a 1-year low of $15.00 and a 1-year high of $31.00. The firm’s fifty day moving average price is $28.57 and its 200-day moving average price is $27.86. The company has a debt-to-equity ratio of 10.54, a quick ratio of 1.00 and a current ratio of 2.01. The firm has a market cap of $620.28 million, a P/E ratio of 8.73, a P/E/G ratio of 0.50 and a beta of 1.09.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.17. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The business had revenue of $469.80 million during the quarter, compared to analyst estimates of $491.43 million. During the same period in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts predict that Koppers will post 3.36 earnings per share for the current fiscal year.

In other news, VP Leslie S. Hyde sold 2,687 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $29.72, for a total value of $79,857.64. Following the completion of the sale, the vice president now directly owns 34,655 shares of the company’s stock, valued at approximately $1,029,946.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Xudong Feng sold 2,442 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $26.92, for a total transaction of $65,738.64. Following the completion of the sale, the director now directly owns 27,510 shares of the company’s stock, valued at $740,569.20. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. Investors Research Corp raised its holdings in shares of Koppers by 3.9% in the 2nd quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock worth $549,000 after purchasing an additional 700 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Koppers in the 2nd quarter worth approximately $224,000. D.B. Root & Company LLC raised its holdings in shares of Koppers by 9.5% in the 2nd quarter. D.B. Root & Company LLC now owns 31,637 shares of the specialty chemicals company’s stock worth $928,000 after purchasing an additional 2,735 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Koppers in the 2nd quarter worth approximately $462,000. Finally, Zeke Capital Advisors LLC raised its holdings in shares of Koppers by 3.2% in the 2nd quarter. Zeke Capital Advisors LLC now owns 18,346 shares of the specialty chemicals company’s stock worth $539,000 after purchasing an additional 576 shares in the last quarter. 93.23% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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