Barrington Research Reiterates Outperform Rating for Koppers (NYSE:KOP)

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research note issued on Monday,Benzinga reports. They presently have a $55.00 price target on the specialty chemicals company’s stock. Barrington Research’s price objective suggests a potential upside of 94.72% from the company’s current price.

A number of other research analysts have also issued reports on KOP. Zacks Research raised Koppers from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. B. Riley reiterated a “buy” rating and issued a $50.00 target price (down from $55.00) on shares of Koppers in a report on Monday, August 11th. Finally, Weiss Ratings lowered shares of Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.50.

Koppers Stock Up 2.3%

KOP stock opened at $28.25 on Monday. The company has a quick ratio of 1.11, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. The firm’s 50-day simple moving average is $28.17 and its 200 day simple moving average is $29.79. The stock has a market cap of $556.88 million, a PE ratio of 39.23 and a beta of 1.41. Koppers has a fifty-two week low of $22.99 and a fifty-two week high of $39.83.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, August 8th. The specialty chemicals company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $504.80 million during the quarter, compared to the consensus estimate of $540.30 million. Koppers had a return on equity of 17.43% and a net margin of 0.76%.The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. As a group, sell-side analysts predict that Koppers will post 4.24 EPS for the current year.

Institutional Investors Weigh In On Koppers

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Koppers by 112.9% in the 1st quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 973 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Koppers by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company’s stock valued at $335,000 after acquiring an additional 4,197 shares during the last quarter. Victory Capital Management Inc. grew its position in Koppers by 2.3% in the first quarter. Victory Capital Management Inc. now owns 31,300 shares of the specialty chemicals company’s stock worth $876,000 after acquiring an additional 700 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Koppers by 34.4% during the 1st quarter. Pzena Investment Management LLC now owns 1,221,328 shares of the specialty chemicals company’s stock worth $34,197,000 after purchasing an additional 312,556 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in shares of Koppers by 10.0% during the 1st quarter. Foundry Partners LLC now owns 195,285 shares of the specialty chemicals company’s stock worth $5,468,000 after purchasing an additional 17,715 shares during the last quarter. 92.75% of the stock is owned by hedge funds and other institutional investors.

Koppers Company Profile

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