Koppers (NYSE:KOP) had its price target boosted by Monness Crespi & Hardt from $37.00 to $45.00 in a report issued on Friday morning, Briefing.com Automated Import reports. Monness Crespi & Hardt currently has a buy rating on the specialty chemicals company’s stock.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Koppers from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a research report on Tuesday, October 15th. ValuEngine upgraded Koppers from a strong sell rating to a sell rating in a research report on Friday. Finally, Barrington Research restated a buy rating on shares of Koppers in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $37.33.
Shares of KOP stock traded up $3.10 during midday trading on Friday, reaching $43.81. 346,736 shares of the company traded hands, compared to its average volume of 136,221. The firm’s 50 day simple moving average is $30.41 and its two-hundred day simple moving average is $28.38. Koppers has a 1-year low of $15.00 and a 1-year high of $44.75. The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 1.00. The firm has a market cap of $724.11 million, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.06.
Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.27. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The company had revenue of $474.90 million during the quarter, compared to the consensus estimate of $485.13 million. During the same period last year, the firm earned $0.73 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that Koppers will post 3.36 earnings per share for the current fiscal year.
In other Koppers news, VP Leslie S. Hyde sold 2,687 shares of Koppers 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Xudong Feng sold 2,442 shares of Koppers 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.
A number of hedge funds have recently added to or reduced their stakes in KOP. Investors Research Corp grew its stake in 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 acquiring an additional 700 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Koppers in the 2nd quarter worth approximately $224,000. D.B. Root & Company LLC grew its stake in 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 acquiring an additional 2,735 shares during the period. AE Wealth Management LLC purchased a new stake in Koppers in the 2nd quarter worth approximately $462,000. Finally, Zeke Capital Advisors LLC grew its stake in 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 acquiring an additional 576 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.
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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