Shares of Koppers Holdings Inc. (NYSE:KOP) have been given a consensus rating of “Hold” by the six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $50.00.
KOP has been the subject of several research analyst reports. Barrington Research set a $61.00 price objective on Koppers and gave the stock a “buy” rating in a research note on Wednesday, September 5th. ValuEngine upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded Koppers from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. B. Riley set a $60.00 price target on Koppers and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, TheStreet cut Koppers from a “b-” rating to a “c” rating in a research report on Monday, August 13th.
Shares of NYSE:KOP opened at $32.30 on Friday. Koppers has a 52-week low of $32.00 and a 52-week high of $51.80. The stock has a market capitalization of $709.43 million, a PE ratio of 8.78, a PEG ratio of 0.45 and a beta of 0.84. The company has a debt-to-equity ratio of 9.65, a current ratio of 2.03 and a quick ratio of 1.05.
Koppers (NYSE:KOP) last announced its quarterly earnings data on Thursday, August 9th. The specialty chemicals company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.18). Koppers had a return on equity of 79.35% and a net margin of 1.47%. The firm had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $490.60 million. During the same quarter in the previous year, the business earned $1.18 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. equities analysts predict that Koppers will post 4.1 earnings per share for the current fiscal year.
In related news, VP R. Michael Johnson purchased 25,000 shares of Koppers stock in a transaction that occurred on Tuesday, August 14th. The stock was bought at an average cost of $35.36 per share, for a total transaction of $884,000.00. Following the completion of the transaction, the vice president now owns 46,534 shares in the company, valued at $1,645,442.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Albert J. Neupaver purchased 5,000 shares of Koppers stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of $35.88 per share, with a total value of $179,400.00. Following the completion of the transaction, the director now owns 45,316 shares of the company’s stock, valued at approximately $1,625,938.08. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 33,000 shares of company stock valued at $1,169,050. 8.70% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in KOP. Prudential Financial Inc. raised its position in Koppers by 6.4% during the first quarter. Prudential Financial Inc. now owns 446,700 shares of the specialty chemicals company’s stock valued at $18,360,000 after acquiring an additional 27,025 shares in the last quarter. LSV Asset Management raised its position in Koppers by 2.5% during the first quarter. LSV Asset Management now owns 137,000 shares of the specialty chemicals company’s stock valued at $5,630,000 after acquiring an additional 3,400 shares in the last quarter. Stevens Capital Management LP purchased a new position in Koppers during the first quarter valued at approximately $396,000. Alambic Investment Management L.P. purchased a new position in Koppers during the first quarter valued at approximately $563,000. Finally, BlackRock Inc. increased its position in shares of Koppers by 1.3% in the first quarter. BlackRock Inc. now owns 2,869,337 shares of the specialty chemicals company’s stock valued at $117,931,000 after buying an additional 38,026 shares in the last quarter. Institutional investors own 89.14% of the company’s stock.
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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