Koppers (NYSE:KOP) Price Target Raised to $45.00 at Monness Crespi & Hardt

Koppers (NYSE:KOP) had its price objective lifted by research analysts at Monness Crespi & Hardt from $37.00 to $45.00 in a note issued to investors on Friday, Briefing.com Automated Import reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Monness Crespi & Hardt’s target price indicates a potential upside of 2.72% from the company’s current price.

Several other research firms have also commented on KOP. Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Tuesday, October 15th. Barrington Research reissued a “buy” rating on shares of Koppers in a report on Tuesday, October 22nd. Finally, ValuEngine raised Koppers from a “strong sell” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Koppers has an average rating of “Buy” and an average target price of $37.33.

NYSE:KOP traded up $3.10 during trading hours on Friday, hitting $43.81. The company’s stock had a trading volume of 346,736 shares, compared to its average volume of 136,221. The stock has a market capitalization of $724.11 million, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.58 and a beta of 1.06. The stock has a fifty day moving average of $30.41 and a 200-day moving average of $28.38. The company has a current ratio of 2.01, a quick ratio of 1.00 and a debt-to-equity ratio of 10.54. Koppers has a 52-week low of $15.00 and a 52-week high of $44.75.

Koppers (NYSE:KOP) last posted its earnings results on Thursday, November 7th. The specialty chemicals company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.97 by $0.27. The firm had revenue of $474.90 million for 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%. Koppers’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. On average, sell-side analysts forecast that Koppers will post 3.36 earnings per share for the current year.

In other Koppers news, VP Leslie S. Hyde sold 2,687 shares of the company’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 completion of the transaction, the vice president now owns 34,655 shares in the company, valued at $1,029,946.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Xudong Feng sold 2,442 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $26.92, for a total transaction of $65,738.64. Following the completion of the transaction, the director now owns 27,510 shares of the company’s stock, valued at approximately $740,569.20. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC boosted its stake in Koppers by 3.2% in the second quarter. Zeke Capital Advisors LLC now owns 18,346 shares of the specialty chemicals company’s stock valued at $539,000 after acquiring an additional 576 shares in the last quarter. Investors Research Corp boosted its stake in Koppers by 3.9% in the second quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock valued at $549,000 after acquiring an additional 700 shares in the last quarter. Northern Trust Corp boosted its stake in Koppers by 0.4% in the second quarter. Northern Trust Corp now owns 294,667 shares of the specialty chemicals company’s stock valued at $8,651,000 after acquiring an additional 1,293 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Koppers in the second quarter valued at $39,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Koppers in the third quarter valued at $42,000. 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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