Koppers (KOP) Receives Buy Rating from B. Riley
Several other equities research analysts also recently commented on the stock. Barrington Research set a $61.00 target price on shares of Koppers and gave the stock a buy rating in a research report on Wednesday, September 5th. Seaport Global Securities started coverage on shares of Koppers in a research report on Tuesday, October 16th. They set a buy rating and a $42.00 target price on the stock. ValuEngine downgraded shares of Koppers from a sell rating to a strong sell rating in a research report on Friday, August 3rd. TheStreet downgraded shares of Koppers from a b- rating to a c rating in a research report on Monday, August 13th. Finally, Zacks Investment Research upgraded shares of Koppers from a hold rating to a buy rating and set a $39.00 target price on the stock in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Koppers currently has a consensus rating of Buy and a consensus target price of $45.50.
Shares of KOP traded down $1.86 during mid-day trading on Friday, reaching $19.80. The company had a trading volume of 790,847 shares, compared to its average volume of 157,228. The company has a current ratio of 2.03, a quick ratio of 1.05 and a debt-to-equity ratio of 9.65. Koppers has a 1-year low of $19.79 and a 1-year high of $51.65. The company has a market cap of $599.10 million, a P/E ratio of 5.38, a PEG ratio of 0.38 and a beta of 0.93.
In other news, VP R. Michael Johnson purchased 25,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was purchased at an average price of $35.36 per share, for a total transaction of $884,000.00. Following the acquisition, the vice president now owns 46,534 shares in the company, valued at $1,645,442.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider M Leroy Ball purchased 2,000 shares of the stock in a transaction on Thursday, September 6th. The shares were purchased at an average price of $34.96 per share, with a total value of $69,920.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 33,000 shares of company stock worth $1,169,050. 8.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in KOP. Xact Kapitalforvaltning AB bought a new position in Koppers during the 1st quarter worth approximately $257,000. WINTON GROUP Ltd bought a new position in Koppers during the 1st quarter worth approximately $206,000. Principal Financial Group Inc. raised its holdings in Koppers by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 166,321 shares of the specialty chemicals company’s stock worth $6,836,000 after purchasing an additional 5,120 shares during the last quarter. James Investment Research Inc. raised its holdings in Koppers by 3.6% during the 2nd quarter. James Investment Research Inc. now owns 61,305 shares of the specialty chemicals company’s stock worth $2,351,000 after purchasing an additional 2,151 shares during the last quarter. Finally, Santori & Peters Inc. raised its holdings in Koppers by 6.9% during the 2nd quarter. Santori & Peters Inc. now owns 37,886 shares of the specialty chemicals company’s stock worth $1,452,000 after purchasing an additional 2,442 shares during the last quarter. Hedge funds and other institutional investors own 88.10% 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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