Koppers (NYSE:KOP) Earns “Outperform” Rating from Barrington Research

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They currently have a $64.00 price target on the specialty chemicals company’s stock. Barrington Research’s price target suggests a potential upside of 115.79% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Koppers from a “sell” rating to a “hold” rating in a research note on Saturday, March 22nd.

Koppers Price Performance

Shares of NYSE:KOP opened at $29.66 on Tuesday. Koppers has a 12 month low of $22.99 and a 12 month high of $45.21. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13. The firm has a market capitalization of $607.59 million, a P/E ratio of 8.43 and a beta of 1.44. The company’s fifty day moving average price is $26.76 and its 200 day moving average price is $30.84.

Koppers (NYSE:KOP) last released its quarterly earnings results on Friday, May 9th. The specialty chemicals company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.56 by $0.15. The company had revenue of $456.50 million for the quarter, compared to analyst estimates of $488.00 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, sell-side analysts predict that Koppers will post 4.24 earnings per share for the current fiscal year.

Koppers announced that its board has approved a stock buyback program on Thursday, February 27th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty chemicals company to buy up to 16.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Koppers

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new stake in Koppers in the 1st quarter valued at approximately $38,000. Quarry LP purchased a new position in Koppers in the fourth quarter worth $40,000. Copeland Capital Management LLC purchased a new position in Koppers in the first quarter worth $49,000. GAMMA Investing LLC lifted its holdings in Koppers by 112.9% in the first quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 973 shares during the period. Finally, US Bancorp DE boosted its position in shares of Koppers by 145.1% during the 4th quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock worth $66,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

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.