Koppers’ (KOP) “Outperform” Rating Reaffirmed at Barrington Research

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued on Tuesday,Benzinga reports. They presently have a $64.00 price target on the specialty chemicals company’s stock. Barrington Research’s price objective suggests a potential upside of 69.22% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday. Singular Research raised Koppers to a “strong-buy” rating in a report on Friday, September 20th.

Koppers Stock Up 0.2 %

NYSE KOP traded up $0.06 on Tuesday, reaching $37.82. The stock had a trading volume of 31,029 shares, compared to its average volume of 145,271. The company has a current ratio of 2.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.92. Koppers has a 1 year low of $33.80 and a 1 year high of $58.23. The business has a 50 day moving average price of $36.41 and a 200 day moving average price of $38.93. The company has a market capitalization of $776.03 million, a price-to-earnings ratio of 10.74 and a beta of 1.84.

Koppers (NYSE:KOP) last announced its quarterly earnings results on Friday, November 8th. The specialty chemicals company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.25 by $0.12. Koppers had a return on equity of 17.16% and a net margin of 3.72%. The business had revenue of $554.30 million during the quarter, compared to analysts’ expectations of $571.80 million. During the same quarter in the previous year, the business posted $1.32 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts forecast that Koppers will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling at Koppers

In other news, VP Joseph P. Dowd sold 5,516 shares of Koppers stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the transaction, the vice president now directly owns 10,300 shares in the company, valued at approximately $388,516. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Koppers by 170.4% in the third quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 523 shares during the period. nVerses Capital LLC acquired a new position in Koppers during the 2nd quarter valued at $37,000. Meeder Asset Management Inc. bought a new stake in Koppers in the 3rd quarter valued at $37,000. KBC Group NV grew its position in Koppers by 83.8% in the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 549 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Koppers during the 2nd quarter worth about $45,000. 92.75% of the stock is owned by institutional investors.

About Koppers

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.