Koppers (NYSE:KOP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a research note issued on Wednesday.
According to Zacks, “Koppers Holdings Inc., with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. Their products and services are used in a variety of niche applications in a diverse range of end-markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber and construction industries. Including their joint ventures, the company serve their customers through a comprehensive global manufacturing and distribution network, with facilities located in North America, South America, Australasia, China and Europe. “
Other research analysts also recently issued reports about the company. Jefferies Group reissued a “hold” rating and issued a $40.00 price objective on shares of Koppers in a research note on Thursday, October 12th. B. Riley reissued a “buy” rating and issued a $65.00 price objective on shares of Koppers in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.17.
Shares of Koppers (NYSE:KOP) opened at $47.85 on Wednesday. Koppers has a 52-week low of $33.90 and a 52-week high of $51.80. The company has a market capitalization of $1,010.00, a PE ratio of 20.28 and a beta of 1.02. The company has a debt-to-equity ratio of 6.08, a current ratio of 2.02 and a quick ratio of 1.13.
Koppers (NYSE:KOP) last released its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.55. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The firm had revenue of $384.80 million for the quarter, compared to analyst estimates of $363.00 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 3.7% on a year-over-year basis. equities research analysts expect that Koppers will post 3.73 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of Koppers by 8.2% in the 4th quarter. Bank of Montreal Can now owns 68,485 shares of the specialty chemicals company’s stock valued at $3,486,000 after purchasing an additional 5,219 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Koppers by 35.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,324 shares of the specialty chemicals company’s stock valued at $707,000 after purchasing an additional 3,980 shares during the period. Algert Global LLC lifted its stake in shares of Koppers by 76.2% in the 3rd quarter. Algert Global LLC now owns 64,533 shares of the specialty chemicals company’s stock valued at $2,978,000 after purchasing an additional 27,909 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Koppers in the 3rd quarter valued at about $338,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Koppers in the 3rd quarter valued at about $209,000. 89.26% of the stock is currently owned by institutional investors.
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Koppers Company Profile
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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