Koppers’ (KOP) “Buy” Rating Reaffirmed at Barrington Research

Barrington Research restated their buy rating on shares of Koppers (NYSE:KOP) in a research report sent to investors on Friday morning, AnalystRatings.com reports. They currently have a $35.00 price target on the specialty chemicals company’s stock.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Koppers from a buy rating to a hold rating in a report on Thursday, August 15th. Monness Crespi & Hardt reaffirmed a buy rating and set a $37.00 price objective (up from $33.00) on shares of Koppers in a report on Friday, August 9th. Finally, ValuEngine raised shares of Koppers from a strong sell rating to a sell rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $36.80.

KOP stock traded up $0.62 during trading hours on Friday, hitting $28.60. The company’s stock had a trading volume of 150,553 shares, compared to its average volume of 131,446. 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 $591.53 million, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.46 and a beta of 1.09. Koppers has a 12 month low of $15.00 and a 12 month high of $32.53. The stock has a 50 day moving average price of $28.02 and a two-hundred day moving average price of $27.62.

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, VP R. Michael Johnson acquired 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of $28.92 per share, with a total value of $347,040.00. Following the completion of the acquisition, the vice president now owns 209,073 shares in the company, valued at approximately $6,046,391.16. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of KOP. C M Bidwell & Associates Ltd. acquired a new position in shares of Koppers in the 2nd quarter valued at $39,000. Quantamental Technologies LLC acquired a new position in shares of Koppers in the 2nd quarter valued at $53,000. Bank of Montreal Can raised its stake in shares of Koppers by 106.1% in the 2nd quarter. Bank of Montreal Can now owns 3,088 shares of the specialty chemicals company’s stock valued at $91,000 after buying an additional 1,590 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Koppers in the 2nd quarter valued at $224,000. Finally, Jefferies Group LLC acquired a new position in shares of Koppers in the 2nd quarter valued at $242,000. 93.10% of the stock is owned by hedge funds and other institutional investors.

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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