Shares of Koppers Holdings Inc. (NYSE:KOP) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.80.
KOP has been the subject of several recent research reports. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. TheStreet upgraded Vermilion Energy from a “d+” rating to a “c” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th.
Shares of KOP stock traded up $0.04 on Friday, reaching $26.39. 66,776 shares of the stock were exchanged, compared to its average volume of 95,244. The stock has a market cap of $544.95 million, a PE ratio of 7.54, a P/E/G ratio of 0.43 and a beta of 1.12. The company has a current ratio of 1.97, a quick ratio of 0.93 and a debt-to-equity ratio of 12.18. The stock’s 50 day moving average price is $28.02. Koppers has a 1-year low of $15.00 and a 1-year high of $39.20.
Koppers (NYSE:KOP) last released its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $434.90 million during the quarter, compared to the consensus estimate of $413.87 million. Koppers had a return on equity of 72.67% and a net margin of 0.98%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. As a group, equities analysts forecast that Koppers will post 3.39 EPS for the current fiscal year.
In related news, insider Bradley A. Pearce sold 1,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $27.75, for a total value of $27,750.00. Following the completion of the sale, the insider now directly owns 16,477 shares in the company, valued at approximately $457,236.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven R. Lacy sold 6,631 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $29.80, for a total value of $197,603.80. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 12,132 shares of company stock valued at $355,461 and sold 39,706 shares valued at $1,181,189. 5.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in KOP. THB Asset Management acquired a new stake in shares of Koppers during the first quarter valued at about $8,084,000. Norges Bank acquired a new stake in shares of Koppers during the fourth quarter valued at about $5,090,000. Phocas Financial Corp. acquired a new stake in shares of Koppers during the fourth quarter valued at about $3,635,000. Deutsche Bank AG grew its stake in shares of Koppers by 101.9% during the fourth quarter. Deutsche Bank AG now owns 116,529 shares of the specialty chemicals company’s stock valued at $1,984,000 after acquiring an additional 58,825 shares in the last quarter. Finally, Schneider Capital Management Corp grew its stake in shares of Koppers by 11.6% during the first quarter. Schneider Capital Management Corp now owns 488,951 shares of the specialty chemicals company’s stock valued at $12,703,000 after acquiring an additional 50,650 shares in the last quarter. Institutional investors own 93.00% 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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