Koppers’ (KOP) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Koppers (NYSE:KOP) in a report published on Monday,Benzinga reports. They currently have a $55.00 price objective on the specialty chemicals company’s stock.

A number of other research analysts also recently commented on KOP. Zacks Research upgraded Koppers from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. B. Riley reiterated a “buy” rating and set a $50.00 price target (down from $55.00) on shares of Koppers in a report on Monday, August 11th. Finally, Weiss Ratings downgraded 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.50.

Koppers Trading Down 0.8%

Koppers stock opened at $28.01 on Monday. Koppers has a 52 week low of $22.99 and a 52 week high of $39.83. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 2.60. The firm has a market capitalization of $552.25 million, a price-to-earnings ratio of 38.90 and a beta of 1.45. The company has a 50 day moving average price of $28.10 and a 200 day moving average price of $29.82.

Koppers (NYSE:KOP) last issued its earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). Koppers had a return on equity of 17.43% and a net margin of 0.76%.The business had revenue of $504.80 million during the quarter, compared to analyst estimates of $540.30 million. During the same period last year, the business earned $1.36 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. Research analysts forecast that Koppers will post 4.24 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in Koppers by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,966 shares of the specialty chemicals company’s stock valued at $335,000 after acquiring an additional 4,197 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Koppers by 112.9% during the 1st quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 973 shares in the last quarter. LSV Asset Management increased its position in shares of Koppers by 19.9% during the first quarter. LSV Asset Management now owns 758,661 shares of the specialty chemicals company’s stock valued at $21,243,000 after purchasing an additional 125,799 shares during the period. Voya Investment Management LLC raised its stake in shares of Koppers by 33.9% in the first quarter. Voya Investment Management LLC now owns 19,105 shares of the specialty chemicals company’s stock valued at $535,000 after purchasing an additional 4,840 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new position in Koppers in the first quarter worth $1,143,000. 92.75% of the stock is currently owned by institutional investors and hedge funds.

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.