Zacks Investment Research upgraded shares of Koppers Holdings Inc. (NYSE:KOP) from a hold rating to a strong-buy rating in a research note issued to investors on Friday. The firm currently has $53.00 price objective on the specialty chemicals company’s stock.
According to Zacks, “Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. “
A number of other brokerages have also commented on KOP. Jefferies Group LLC restated a hold rating and issued a $40.00 target price on shares of Koppers Holdings in a research note on Thursday, October 12th. TheStreet upgraded Koppers Holdings from a c rating to a b- rating in a research note on Thursday, August 3rd. Finally, Barrington Research reiterated an outperform rating and set a $55.00 price objective on shares of Koppers Holdings in a research note on Thursday, September 14th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Koppers Holdings currently has an average rating of Buy and a consensus target price of $47.20.
Koppers Holdings (NYSE:KOP) opened at $47.25 on Friday. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13. The company has a market capitalization of $980.22, a price-to-earnings ratio of 12.81, a P/E/G ratio of 0.70 and a beta of 1.02. Koppers Holdings has a 12 month low of $33.90 and a 12 month high of $51.80.
Koppers Holdings (NYSE:KOP) last issued its earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.55. The business had revenue of $384.80 million during the quarter, compared to analyst estimates of $363.00 million. Koppers Holdings had a return on equity of 119.06% and a net margin of 3.54%. Koppers Holdings’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. research analysts predict that Koppers Holdings will post 3.75 EPS for the current fiscal year.
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In other news, VP Leslie S. Hyde sold 1,810 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the sale, the vice president now owns 19,727 shares of the company’s stock, valued at $887,715. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the sale, the vice president now directly owns 19,927 shares in the company, valued at approximately $856,861. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new stake in Koppers Holdings in the 3rd quarter valued at approximately $166,000. State of Alaska Department of Revenue increased its position in shares of Koppers Holdings by 80.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock worth $148,000 after purchasing an additional 1,830 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Koppers Holdings during the 3rd quarter worth approximately $195,000. Piedmont Investment Advisors LLC bought a new position in shares of Koppers Holdings during the 3rd quarter worth approximately $209,000. Finally, Barings LLC bought a new position in shares of Koppers Holdings during the 3rd quarter worth approximately $212,000. 89.22% of the stock is currently owned by institutional investors and hedge funds.
Koppers Holdings Company Profile
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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