Koppers Holdings Inc. (NYSE:KOP) has been given an average rating of “Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $36.67.
A number of research analysts have recently commented on KOP shares. Barrington Research set a $61.00 target price on shares of Koppers and gave the stock a “buy” rating in a report on Wednesday, September 5th. Seaport Global Securities started coverage on Koppers in a research note on Tuesday, October 16th. They issued a “buy” rating and a $42.00 price objective for the company. B. Riley set a $60.00 price objective on Koppers and gave the company a “buy” rating in a research note on Friday, August 10th. Monness Crespi & Hardt raised Koppers from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, November 13th. Finally, TheStreet downgraded Koppers from a “b-” rating to a “c” rating in a research note on Monday, August 13th.
Shares of KOP stock traded down $0.10 on Friday, reaching $18.75. The company had a trading volume of 553,196 shares, compared to its average volume of 342,750. The stock has a market capitalization of $382.27 million, a P/E ratio of 5.10, a price-to-earnings-growth ratio of 0.31 and a beta of 0.84. The company has a current ratio of 2.14, a quick ratio of 1.12 and a debt-to-equity ratio of 12.97. Koppers has a one year low of $17.93 and a one year high of $51.60.
Koppers (NYSE:KOP) last posted its earnings results on Thursday, November 8th. The specialty chemicals company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.38). The company had revenue of $442.70 million during the quarter, compared to the consensus estimate of $502.63 million. Koppers had a return on equity of 70.26% and a net margin of 0.68%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. As a group, equities analysts predict that Koppers will post 3.34 EPS for the current fiscal year.
In other news, insider M Leroy Ball bought 4,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was acquired at an average price of $18.90 per share, with a total value of $75,600.00. Following the transaction, the insider now owns 151,038 shares of the company’s stock, valued at approximately $2,854,618.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP R. Michael Johnson bought 50,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were purchased at an average cost of $20.16 per share, with a total value of $1,008,000.00. Following the transaction, the vice president now directly owns 96,534 shares in the company, valued at approximately $1,946,125.44. The disclosure for this purchase can be found here. Insiders have acquired a total of 83,000 shares of company stock valued at $1,697,490 in the last three months. Insiders own 8.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in KOP. Legal & General Group Plc grew its position in shares of Koppers by 8.0% during the 3rd quarter. Legal & General Group Plc now owns 49,387 shares of the specialty chemicals company’s stock worth $1,536,000 after buying an additional 3,667 shares during the period. B. Riley Financial Inc. grew its position in shares of Koppers by 80.9% during the 3rd quarter. B. Riley Financial Inc. now owns 14,195 shares of the specialty chemicals company’s stock worth $442,000 after buying an additional 6,348 shares during the period. Nordea Investment Management AB grew its position in shares of Koppers by 87.2% during the 3rd quarter. Nordea Investment Management AB now owns 138,751 shares of the specialty chemicals company’s stock worth $4,322,000 after buying an additional 64,631 shares during the period. MetLife Investment Advisors LLC grew its position in shares of Koppers by 51.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 15,561 shares of the specialty chemicals company’s stock worth $485,000 after buying an additional 5,296 shares during the period. Finally, Jefferies Group LLC acquired a new stake in shares of Koppers during the 3rd quarter worth approximately $233,000. 87.70% 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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