ValuEngine Upgrades Koppers (NYSE:KOP) to “Sell”

Koppers (NYSE:KOP) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

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Several other equities research analysts have also issued reports on KOP. Barrington Research reaffirmed a “buy” rating on shares of Koppers in a research note on Tuesday, October 22nd. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $37.00 price objective (up from $33.00) on shares of Koppers in a research note on Friday, August 9th. Finally, Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 15th. One 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. Koppers presently has an average rating of “Buy” and an average target price of $37.33.

Shares of NYSE:KOP traded up $3.10 during trading on Friday, hitting $43.81. The company had a trading volume of 346,736 shares, compared to its average volume of 136,221. The stock has a market cap of $724.11 million, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.06. Koppers has a one year low of $15.00 and a one year high of $44.75. The company has a fifty day simple moving average of $30.41 and a two-hundred day simple moving average of $28.38. The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 1.00.

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

In other Koppers news, VP R. Michael Johnson purchased 12,000 shares of Koppers stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $28.92 per share, for a total transaction of $347,040.00. Following the completion of the acquisition, the vice president now owns 209,073 shares in the company, valued at approximately $6,046,391.16. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Leslie S. Hyde sold 2,687 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $29.72, for a total value of $79,857.64. Following the completion of the sale, the vice president now owns 34,655 shares in the company, valued at $1,029,946.60. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. raised its holdings in shares of Koppers by 244.6% in the second quarter. Prudential Financial Inc. now owns 499,666 shares of the specialty chemicals company’s stock worth $14,670,000 after buying an additional 354,654 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Koppers in the second quarter worth approximately $53,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Koppers in the second quarter worth approximately $464,000. JPMorgan Chase & Co. raised its holdings in shares of Koppers by 37.2% in the second quarter. JPMorgan Chase & Co. now owns 9,091 shares of the specialty chemicals company’s stock worth $255,000 after buying an additional 2,464 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Koppers by 19.9% in the second quarter. Invesco Ltd. now owns 139,916 shares of the specialty chemicals company’s stock worth $4,108,000 after buying an additional 23,200 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.

About Koppers

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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