ValuEngine Downgrades Koppers (NYSE:KOP) to Strong Sell

Koppers (NYSE:KOP) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday, ValuEngine reports.

KOP has been the subject of a number of other reports. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. TheStreet raised shares of Vermilion Energy from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $35.80.

Shares of Koppers stock opened at $27.80 on Friday. Koppers has a 12-month low of $15.00 and a 12-month high of $39.30. The company has a debt-to-equity ratio of 12.18, a quick ratio of 0.93 and a current ratio of 1.97. The stock has a market capitalization of $556.88 million, a PE ratio of 7.94, a PEG ratio of 0.44 and a beta of 1.12. The firm has a 50-day moving average of $27.97.

Koppers (NYSE:KOP) last issued its earnings results on Friday, May 3rd. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. Koppers had a net margin of 0.98% and a return on equity of 72.67%. The company had revenue of $434.90 million during the quarter, compared to analysts’ expectations of $413.87 million. During the same period last year, the company posted $1.18 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts predict that Koppers will post 3.39 earnings per share for the current fiscal year.

In other news, insider Steven R. Lacy sold 29,740 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $29.80, for a total transaction of $886,252.00. Following the completion of the transaction, the insider now directly owns 61,669 shares of the company’s stock, valued at approximately $1,837,736.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven R. Lacy sold 2,335 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $29.80, for a total transaction of $69,583.00. Following the transaction, the insider now directly owns 62,262 shares of the company’s stock, valued at $1,855,407.60. The disclosure for this sale can be found here. Over the last three months, insiders have bought 12,132 shares of company stock valued at $355,461 and have sold 39,706 shares valued at $1,181,189. Company insiders own 5.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund boosted its position in Koppers by 4.0% during the first quarter. Texas Permanent School Fund now owns 13,952 shares of the specialty chemicals company’s stock worth $362,000 after acquiring an additional 532 shares during the last quarter. Comerica Bank boosted its position in Koppers by 2.0% during the first quarter. Comerica Bank now owns 32,852 shares of the specialty chemicals company’s stock worth $899,000 after acquiring an additional 658 shares during the last quarter. Investors Research Corp boosted its position in Koppers by 3.9% during the second quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock worth $549,000 after acquiring an additional 700 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Koppers by 41.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,256 shares of the specialty chemicals company’s stock worth $90,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Koppers by 11.1% during the first quarter. Great West Life Assurance Co. Can now owns 29,110 shares of the specialty chemicals company’s stock worth $756,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 93.39% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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