ValuEngine Upgrades Koppers (NYSE:KOP) to “Sell”

Koppers (NYSE:KOP) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday, ValuEngine reports.

KOP has been the subject of several other research reports. Barrington Research restated a “buy” rating on shares of Koppers in a research note on Tuesday, October 22nd. Zacks Investment Research upgraded Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Tuesday, October 15th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $37.00 price target (up previously from $33.00) on shares of Koppers in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Koppers currently has a consensus rating of “Buy” and an average price target of $37.33.

Koppers stock traded up $3.10 during mid-day trading on Friday, hitting $43.81. The company had a trading volume of 346,736 shares, compared to its average volume of 136,221. 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 stock’s 50 day moving average price is $30.41 and its two-hundred day moving average price is $28.38. Koppers has a 12 month low of $15.00 and a 12 month high of $44.75. The company has a market capitalization 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 released its earnings results on Thursday, November 7th. The specialty chemicals company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.27. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The business had revenue of $474.90 million for the quarter, compared to the consensus estimate of $485.13 million. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Koppers will post 3.36 EPS for the current year.

In other news, VP Leslie S. Hyde sold 2,687 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $29.72, for a total value of $79,857.64. Following the completion of the transaction, the vice president now owns 34,655 shares in the company, valued at $1,029,946.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Xudong Feng sold 2,442 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $26.92, for a total value of $65,738.64. Following the completion of the transaction, the director now owns 27,510 shares of the company’s stock, valued at approximately $740,569.20. The disclosure for this sale can be found here. 5.90% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of KOP. Prudential Financial Inc. increased its position in Koppers by 244.6% during the second quarter. Prudential Financial Inc. now owns 499,666 shares of the specialty chemicals company’s stock valued at $14,670,000 after acquiring an additional 354,654 shares during the last quarter. LSV Asset Management increased its position in Koppers by 20.0% during the second quarter. LSV Asset Management now owns 372,286 shares of the specialty chemicals company’s stock valued at $10,930,000 after acquiring an additional 62,100 shares during the last quarter. THB Asset Management increased its position in Koppers by 5.2% during the second quarter. THB Asset Management now owns 327,259 shares of the specialty chemicals company’s stock valued at $9,608,000 after acquiring an additional 16,066 shares during the last quarter. Northern Trust Corp increased its position in Koppers by 0.4% during the second quarter. Northern Trust Corp now owns 294,667 shares of the specialty chemicals company’s stock valued at $8,651,000 after acquiring an additional 1,293 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Koppers by 8.2% during the second quarter. Bank of America Corp DE now owns 190,473 shares of the specialty chemicals company’s stock valued at $5,593,000 after acquiring an additional 14,435 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

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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