Koppers (NYSE:KOP) Upgraded to Sell at ValuEngine

ValuEngine upgraded shares of Koppers (NYSE:KOP) from a strong sell rating to a sell rating in a research report released on Friday, ValuEngine reports.

A number of other equities analysts also recently commented on KOP. Zacks Investment Research raised shares of Koppers from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a report on Tuesday, October 15th. Barrington Research reaffirmed a buy rating on shares of Koppers in a report on Tuesday, October 22nd. Finally, Monness Crespi & Hardt reaffirmed a buy rating and set a $37.00 price objective (up from $33.00) on shares of Koppers in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $37.33.

Shares of NYSE:KOP traded up $3.10 during midday trading on Friday, reaching $43.81. 346,736 shares of the company’s stock were exchanged, compared to its average volume of 136,221. The company’s 50 day simple moving average is $30.41 and its two-hundred day simple moving average is $28.38. The firm has a market capitalization of $724.11 million, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.06. Koppers has a 12 month low of $15.00 and a 12 month high of $44.75. The company has a debt-to-equity ratio of 10.54, a quick ratio of 1.00 and a current ratio of 2.01.

Koppers (NYSE:KOP) last released its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.27. The company had revenue of $474.90 million during the quarter, compared to the consensus estimate of $485.13 million. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. On average, research analysts anticipate that Koppers will post 3.36 earnings per share for the current year.

In related news, Director Xudong Feng sold 2,442 shares of Koppers stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $26.92, for a total transaction of $65,738.64. Following the completion of the transaction, the director now directly owns 27,510 shares of the company’s stock, valued at approximately $740,569.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R. Michael Johnson purchased 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of $28.92 per share, with a total value of $347,040.00. Following the completion of the acquisition, the vice president now directly owns 209,073 shares in the company, valued at $6,046,391.16. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in KOP. C M Bidwell & Associates Ltd. bought a new position in Koppers during the 2nd quarter valued at about $39,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Koppers in the 3rd quarter valued at about $42,000. Quantamental Technologies LLC acquired a new stake in Koppers in the 2nd quarter valued at about $53,000. Bank of Montreal Can increased its position in Koppers by 106.1% in the 2nd quarter. Bank of Montreal Can now owns 3,088 shares of the specialty chemicals company’s stock valued at $91,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in Koppers in the 3rd quarter valued at about $219,000. 91.95% of the stock is owned by hedge funds and other institutional investors.

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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