Barrington Research Reiterates Buy Rating for Koppers (KOP)

Barrington Research reissued their buy rating on shares of Koppers (NYSE:KOP) in a research note published on Monday.

KOP has been the subject of a number of other reports. Zacks Investment Research raised Koppers from a hold rating to a buy rating and set a $39.00 target price for the company in a research note on Tuesday, August 14th. B. Riley set a $60.00 target price on Koppers and gave the stock a buy rating in a research note on Friday, August 10th. TheStreet downgraded Koppers from a b- rating to a c rating in a research note on Monday, August 13th. Seaport Global Securities started coverage on Koppers in a research note on Tuesday, October 16th. They set a buy rating and a $42.00 target price for the company. Finally, Monness Crespi & Hardt raised Koppers from a neutral rating to a buy rating and set a $28.00 target price for the company in a research note on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $37.40.

KOP opened at $17.81 on Monday. The company has a quick ratio of 1.12, a current ratio of 2.14 and a debt-to-equity ratio of 12.97. The company has a market cap of $384.53 million, a price-to-earnings ratio of 4.84, a P/E/G ratio of 0.31 and a beta of 0.84. Koppers has a 52 week low of $17.57 and a 52 week high of $51.60.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 8th. The specialty chemicals company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.38). The company had revenue of $442.70 million for the quarter, compared to analysts’ expectations of $502.63 million. Koppers had a net margin of 0.68% and a return on equity of 70.26%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 earnings per share. On average, equities research analysts expect that Koppers will post 3.34 earnings per share for the current fiscal year.

In other Koppers news, insider M Leroy Ball bought 4,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was acquired at an average cost of $18.90 per share, with a total value of $75,600.00. Following the purchase, the insider now owns 151,038 shares in the company, valued at approximately $2,854,618.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP R. Michael Johnson bought 50,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $20.16 per share, with a total value of $1,008,000.00. Following the completion of the purchase, the vice president now owns 96,534 shares in the company, valued at approximately $1,946,125.44. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 81,000 shares of company stock valued at $1,627,570. Company insiders own 8.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOP. Principal Financial Group Inc. increased its stake in Koppers by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 166,321 shares of the specialty chemicals company’s stock valued at $6,836,000 after purchasing an additional 5,120 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Koppers in the 2nd quarter valued at approximately $188,000. Comerica Bank increased its stake in Koppers by 6.8% in the 2nd quarter. Comerica Bank now owns 34,936 shares of the specialty chemicals company’s stock valued at $1,324,000 after purchasing an additional 2,216 shares in the last quarter. First Trust Advisors LP increased its stake in Koppers by 67.2% in the 2nd quarter. First Trust Advisors LP now owns 33,362 shares of the specialty chemicals company’s stock valued at $1,279,000 after purchasing an additional 13,404 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its stake in Koppers by 9.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 53,221 shares of the specialty chemicals company’s stock valued at $2,041,000 after purchasing an additional 4,671 shares in the last quarter. 87.70% of the stock is owned by hedge funds and other 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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