Koppers Holdings Inc. (NYSE:KOP) has received a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $50.17.
Several equities analysts have recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $65.00 price objective on shares of Koppers in a report on Tuesday, December 19th. Jefferies Group reissued a “hold” rating and issued a $40.00 price objective on shares of Koppers in a report on Thursday, October 12th. Zacks Investment Research raised Koppers from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Friday, November 17th. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 price objective on shares of Koppers in a report on Thursday, September 14th.
Several hedge funds have recently modified their holdings of KOP. Russell Investments Group Ltd. lifted its holdings in shares of Koppers by 8.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,178 shares of the specialty chemicals company’s stock valued at $838,000 after buying an additional 1,813 shares during the period. First Trust Advisors LP purchased a new position in shares of Koppers in the 2nd quarter valued at about $1,709,000. Bank of New York Mellon Corp increased its stake in shares of Koppers by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 273,876 shares of the specialty chemicals company’s stock valued at $9,900,000 after purchasing an additional 26,262 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Koppers by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 38,373 shares of the specialty chemicals company’s stock valued at $1,386,000 after purchasing an additional 3,206 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Koppers by 69.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,207 shares of the specialty chemicals company’s stock valued at $297,000 after purchasing an additional 3,375 shares in the last quarter. 89.26% of the stock is owned by institutional investors and hedge funds.
Koppers (NYSE:KOP) last issued its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.55. Koppers had a return on equity of 119.06% and a net margin of 3.54%. The company had revenue of $384.80 million during the quarter, compared to analysts’ expectations of $363.00 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. equities analysts forecast that Koppers will post 3.75 earnings per share for the current year.
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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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