Koppers (NYSE:KOP) Rating Lowered to Strong Sell at ValuEngine

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

KOP has been the subject of several other reports. Zacks Investment Research raised shares of Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Tuesday, October 15th. Monness Crespi & Hardt reissued a “buy” rating and issued a $37.00 target price (up from $33.00) on shares of Koppers in a research report on Friday, August 9th. Finally, Barrington Research reissued a “buy” rating and issued a $35.00 target price on shares of Koppers in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. Koppers presently has an average rating of “Buy” and a consensus price target of $36.00.

KOP stock traded up $0.81 during trading hours on Monday, hitting $30.57. The company’s stock had a trading volume of 119,900 shares, compared to its average volume of 131,916. The company has a quick ratio of 1.00, a current ratio of 2.01 and a debt-to-equity ratio of 10.54. The company has a market capitalization of $620.28 million, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.50 and a beta of 1.09. Koppers has a 12 month low of $15.00 and a 12 month high of $31.00. The stock has a 50 day moving average price of $28.57 and a two-hundred day moving average price of $27.86.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.17. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $491.43 million. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. Sell-side analysts expect that Koppers will post 3.36 earnings per share for the current year.

In related news, VP Leslie S. Hyde sold 2,687 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $29.72, for a total transaction 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 legal filing with the SEC, which is available through this link. Also, Director Xudong Feng sold 2,442 shares of the company’s stock in a transaction 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 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.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bailard Inc. bought a new stake in shares of Koppers during the 3rd quarter worth $219,000. Zeke Capital Advisors LLC boosted its holdings in shares of Koppers by 58.8% during the 3rd quarter. Zeke Capital Advisors LLC now owns 29,136 shares of the specialty chemicals company’s stock worth $851,000 after buying an additional 10,790 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Koppers by 14.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,705 shares of the specialty chemicals company’s stock worth $342,000 after buying an additional 1,494 shares during the period. Bowling Portfolio Management LLC bought a new stake in shares of Koppers during the 3rd quarter worth $372,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Koppers by 126.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,890 shares of the specialty chemicals company’s stock worth $464,000 after buying an additional 8,862 shares during the period. 93.23% of the stock is owned by institutional investors and hedge funds.

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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