Koppers (KOP) Receives “Buy” Rating from B. Riley
A number of other research firms have also recently commented on KOP. Jefferies Group reiterated a hold rating and issued a $40.00 price target on shares of Koppers in a research note on Thursday, October 12th. Zacks Investment Research upgraded Koppers from a hold rating to a strong-buy rating and set a $53.00 price target for the company in a research note on Friday, November 17th. Finally, Barrington Research reiterated an outperform rating and issued a $55.00 price target on shares of Koppers in a research note on Thursday, September 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $50.17.
Shares of Koppers (NYSE KOP) opened at $50.30 on Tuesday. Koppers has a 12-month low of $33.90 and a 12-month high of $51.80. The firm has a market capitalization of $1,045.57, a PE ratio of 13.66, a P/E/G ratio of 0.75 and a beta of 1.01. The company has a debt-to-equity ratio of 6.08, a quick ratio of 1.13 and a current ratio of 2.02.
In other news, VP Leslie S. Hyde sold 1,810 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total value of $81,450.00. Following the completion of the transaction, the vice president now directly owns 19,727 shares in the company, valued at $887,715. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.00, for a total value of $77,400.00. Following the completion of the transaction, the vice president now owns 19,927 shares of the company’s stock, valued at $856,861. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new stake in Koppers during the third quarter worth about $166,000. Municipal Employees Retirement System of Michigan grew its holdings in Koppers by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock worth $176,000 after acquiring an additional 210 shares during the period. Victory Capital Management Inc. acquired a new stake in Koppers during the third quarter worth about $195,000. Virtu KCG Holdings LLC acquired a new stake in Koppers during the second quarter worth about $201,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Koppers in the third quarter valued at approximately $209,000. 89.26% of the stock is currently owned by hedge funds and other institutional investors.
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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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