Zacks Investment Research upgraded shares of Koppers Holdings Inc. (NYSE:KOP) from a hold rating to a strong-buy rating in a research note published on Friday. They currently have $53.00 price target 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 equities analysts have also recently issued reports on the company. Barrington Research restated an outperform rating and set a $55.00 price objective on shares of Koppers Holdings in a report on Thursday, September 14th. Jefferies Group LLC restated a hold rating and set a $40.00 price objective on shares of Koppers Holdings in a report on Thursday, October 12th. Finally, TheStreet raised Koppers Holdings from a c rating to a b- rating in a research report on Thursday, August 3rd. 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. The stock currently has an average rating of Buy and an average price target of $47.20.

Koppers Holdings (KOP) opened at $47.80 on Friday. Koppers Holdings has a 1-year low of $33.90 and a 1-year high of $51.80. The company has a current ratio of 2.02, a quick ratio of 1.13 and a debt-to-equity ratio of 6.08. The stock 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 (NYSE:KOP) last posted its quarterly earnings data on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.55. Koppers Holdings had a return on equity of 119.06% and a net margin of 3.54%. The company had revenue of $384.80 million during the quarter, compared to analysts’ expectations of $363.00 million. During the same quarter in the previous year, the business earned $0.99 EPS. Koppers Holdings’s revenue was up 3.7% compared to the same quarter last year. equities analysts expect that Koppers Holdings will post 3.75 earnings per share for the current year.

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In other news, VP Leslie S. Hyde sold 1,810 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total value of $81,450.00. Following the completion of the transaction, the vice president now directly owns 19,727 shares of the company’s stock, valued at approximately $887,715. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Leslie S. Hyde sold 1,800 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the completion of the transaction, the vice president now directly owns 19,927 shares of the company’s stock, valued at $856,861. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in shares of Koppers Holdings by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the specialty chemicals company’s stock worth $307,000 after acquiring an additional 100 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Koppers Holdings by 1.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in shares of Koppers Holdings by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 10,886 shares of the specialty chemicals company’s stock worth $394,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Koppers Holdings by 2.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,104 shares of the specialty chemicals company’s stock worth $216,000 after acquiring an additional 104 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Koppers Holdings by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock worth $176,000 after acquiring an additional 210 shares in the last quarter. 89.22% of the stock is owned by hedge funds and other institutional investors.

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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