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KOP has been the topic of a number of other research reports. Zacks Investment Research raised shares of Koppers from a hold rating to a strong-buy rating and set a $32.00 price target on the stock in a research note on Tuesday, October 15th. Monness Crespi & Hardt reaffirmed a buy rating and issued a $37.00 price target (up previously from $33.00) on shares of Koppers in a research note on Friday, August 9th. Finally, Barrington Research reaffirmed a buy rating on shares of Koppers in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $37.33.
KOP traded up $3.10 during trading on Friday, reaching $43.81. The company had a trading volume of 346,736 shares, compared to its average volume of 136,221. 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 has a 12 month low of $15.00 and a 12 month high of $44.75. The business’s fifty day moving average price is $30.41 and its 200 day moving average price is $28.38. The company has a market cap of $724.11 million, a P/E ratio of 12.52, a PEG ratio of 0.58 and a beta of 1.06.
Koppers (NYSE:KOP) last announced its quarterly earnings results on Thursday, November 7th. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.27. Koppers had a net margin of 1.76% and a return on equity of 77.19%. The firm had revenue of $474.90 million for the quarter, compared to analyst estimates of $485.13 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that Koppers will post 3.36 EPS for the current fiscal year.
In other news, VP Leslie S. Hyde sold 2,687 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $29.72, for a total value of $79,857.64. Following the sale, the vice president now owns 34,655 shares of the company’s stock, valued at $1,029,946.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Xudong Feng sold 2,442 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $26.92, for a total transaction of $65,738.64. Following the completion of the sale, the director now directly owns 27,510 shares in the company, valued at approximately $740,569.20. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new position in Koppers during the second quarter worth $39,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Koppers during the third quarter worth $42,000. Quantamental Technologies LLC acquired a new position in Koppers during the second quarter worth $53,000. Bank of Montreal Can increased its holdings in Koppers by 106.1% during the second quarter. Bank of Montreal Can now owns 3,088 shares of the specialty chemicals company’s stock worth $91,000 after buying an additional 1,590 shares during the last quarter. Finally, Bailard Inc. acquired a new position in Koppers during the third quarter worth $219,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.
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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