Koppers’ (KOP) “Buy” Rating Reaffirmed at B. Riley

Koppers (NYSE:KOP)‘s stock had its “buy” rating reaffirmed by investment analysts at B. Riley in a report released on Tuesday. They presently have a $65.00 price objective on the specialty chemicals company’s stock. B. Riley’s price target would suggest a potential upside of 28.97% from the stock’s current price.

Several other brokerages have also recently issued reports on KOP. Jefferies Group restated a “hold” rating and set a $40.00 price objective on shares of Koppers in a research note on Thursday, October 12th. Zacks Investment Research upgraded Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Friday, November 17th. Finally, Barrington Research restated an “outperform” rating and set a $55.00 price objective on shares of Koppers in a research note on Thursday, September 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $50.17.

Shares of Koppers (KOP) traded up $1.60 during midday trading on Tuesday, reaching $50.40. The company’s stock had a trading volume of 133,200 shares, compared to its average volume of 121,597. Koppers has a 12-month low of $33.90 and a 12-month high of $51.80. The firm has a market capitalization of $1,012.38, a PE ratio of 13.23, a P/E/G ratio of 0.72 and a beta of 1.01. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13.

Koppers (NYSE:KOP) last announced its quarterly earnings data on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.55. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The firm had revenue of $384.80 million for the quarter, compared to analysts’ expectations of $363.00 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Koppers’s revenue for the quarter was up 3.7% compared to the same quarter last year. research analysts anticipate that Koppers will post 3.75 EPS for the current fiscal year.

In other news, VP Leslie S. Hyde sold 1,810 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the sale, the vice president now directly owns 19,727 shares in the company, valued at approximately $887,715. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the sale, the vice president now owns 19,927 shares in the company, valued at $856,861. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its position in shares of Koppers by 282.8% during the 2nd quarter. Voya Investment Management LLC now owns 33,631 shares of the specialty chemicals company’s stock worth $1,216,000 after purchasing an additional 24,845 shares during the period. Prudential Financial Inc. grew its holdings in Koppers by 5.1% in the 2nd quarter. Prudential Financial Inc. now owns 284,960 shares of the specialty chemicals company’s stock worth $10,301,000 after buying an additional 13,796 shares in the last quarter. First Trust Advisors LP bought a new position in Koppers in the 2nd quarter worth approximately $1,709,000. Comerica Bank grew its holdings in Koppers by 7.3% in the 3rd quarter. Comerica Bank now owns 53,885 shares of the specialty chemicals company’s stock worth $2,589,000 after buying an additional 3,650 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Koppers by 186.7% in the 2nd quarter. Citigroup Inc. now owns 63,150 shares of the specialty chemicals company’s stock worth $2,283,000 after buying an additional 41,123 shares in the last quarter. Institutional investors and hedge funds own 89.26% of the company’s stock.

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Koppers Company Profile

Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

Analyst Recommendations for Koppers (NYSE:KOP)

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