Koppers (NYSE:KOP) had its target price raised by Monness Crespi & Hardt from $37.00 to $45.00 in a research report released on Friday, Briefing.com Automated Import reports. They currently have a buy rating on the specialty chemicals company’s stock.
A number of other equities research analysts have also issued reports on KOP. ValuEngine upgraded shares of Koppers from a strong sell rating to a sell rating in a research note on Friday. Zacks Investment Research upgraded shares of Koppers from a hold rating to a strong-buy rating and set a $32.00 target price on the stock in a research note on Tuesday, October 15th. Finally, Barrington Research restated a buy rating on shares of Koppers in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $37.33.
KOP stock traded up $3.10 during trading on Friday, reaching $43.81. The stock had a trading volume of 346,736 shares, compared to its average volume of 136,221. Koppers has a 1-year low of $15.00 and a 1-year high of $44.75. The company has a current ratio of 2.01, a quick ratio of 1.00 and a debt-to-equity ratio of 10.54. The company has a market capitalization of $724.11 million, a P/E ratio of 12.52, a PEG ratio of 0.58 and a beta of 1.06. The firm has a fifty day moving average price of $30.41 and a 200 day moving average price of $28.38.
Koppers (NYSE:KOP) last issued its earnings results on Thursday, November 7th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.27. The business had revenue of $474.90 million for the quarter, compared to analyst estimates of $485.13 million. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 EPS. Sell-side analysts predict that Koppers will post 3.36 EPS for the current year.
In related news, Director Xudong Feng sold 2,442 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were 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 owns 27,510 shares of the company’s stock, valued at approximately $740,569.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP R. Michael Johnson acquired 12,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $28.92 per share, with a total value of $347,040.00. Following the transaction, the vice president now owns 209,073 shares in the company, valued at $6,046,391.16. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Zeke Capital Advisors LLC grew its position in shares of Koppers by 3.2% during the 2nd quarter. Zeke Capital Advisors LLC now owns 18,346 shares of the specialty chemicals company’s stock valued at $539,000 after buying an additional 576 shares during the last quarter. Investors Research Corp grew its position in shares of Koppers by 3.9% during the 2nd quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock valued at $549,000 after buying an additional 700 shares during the last quarter. Northern Trust Corp grew its position in shares of Koppers by 0.4% during the 2nd quarter. Northern Trust Corp now owns 294,667 shares of the specialty chemicals company’s stock valued at $8,651,000 after buying an additional 1,293 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Koppers during the 2nd quarter valued at about $39,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Koppers during the 3rd quarter valued at about $42,000. 91.95% of the stock is owned by institutional investors and hedge funds.
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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