Barrington Research Reaffirms “Outperform” Rating for Koppers (NYSE:KOP)

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $55.00 target price on the specialty chemicals company’s stock. Barrington Research’s price objective suggests a potential upside of 98.23% from the stock’s previous close.

KOP has been the subject of several other reports. B. Riley reissued a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of Koppers in a report on Monday, August 11th. Zacks Research raised shares of Koppers from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings cut Koppers from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Koppers currently has an average rating of “Hold” and a consensus price target of $52.50.

Koppers Stock Up 0.2%

KOP stock traded up $0.05 during midday trading on Tuesday, hitting $27.75. The stock had a trading volume of 56,043 shares, compared to its average volume of 156,586. The business has a 50-day moving average of $28.00 and a two-hundred day moving average of $29.91. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. The firm has a market cap of $547.02 million, a price-to-earnings ratio of 38.45 and a beta of 1.45. Koppers has a 52-week low of $22.99 and a 52-week high of $39.79.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Friday, November 7th. The specialty chemicals company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.04). Koppers had a return on equity of 17.43% and a net margin of 0.76%.The company had revenue of $485.30 million during the quarter, compared to analysts’ expectations of $516.50 million. During the same quarter in the previous year, the company earned $1.37 EPS. The business’s quarterly revenue was down 12.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.150 EPS. As a group, equities research analysts forecast that Koppers will post 4.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Koppers by 2.3% during the first quarter. Victory Capital Management Inc. now owns 31,300 shares of the specialty chemicals company’s stock valued at $876,000 after purchasing an additional 700 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Koppers by 34.4% in the 1st quarter. Pzena Investment Management LLC now owns 1,221,328 shares of the specialty chemicals company’s stock valued at $34,197,000 after acquiring an additional 312,556 shares during the last quarter. Foundry Partners LLC grew its position in Koppers by 10.0% in the first quarter. Foundry Partners LLC now owns 195,285 shares of the specialty chemicals company’s stock worth $5,468,000 after acquiring an additional 17,715 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Koppers by 44.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,567 shares of the specialty chemicals company’s stock worth $156,000 after acquiring an additional 1,704 shares during the last quarter. Finally, Kestrel Investment Management Corp bought a new stake in shares of Koppers in the 1st quarter valued at approximately $2,535,000. 92.75% of the stock is currently owned by institutional investors.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.