ValuEngine Lowers Koppers (NYSE:KOP) to Strong Sell

ValuEngine cut shares of Koppers (NYSE:KOP) from a sell rating to a strong sell rating in a research report released on Friday morning, ValuEngine reports.

Several other equities analysts have also recently issued reports on KOP. Zacks Investment Research cut shares of Green Plains from a hold rating to a strong sell rating in a research report on Thursday, June 27th. TheStreet upgraded shares of Vermilion Energy from a d+ rating to a c rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $35.80.

Shares of NYSE:KOP opened at $27.80 on Friday. The company has a market capitalization of $574.01 million, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. The company’s 50-day moving average price is $27.97. The company has a current ratio of 1.97, a quick ratio of 0.93 and a debt-to-equity ratio of 12.18. Koppers has a 12 month low of $15.00 and a 12 month high of $39.30.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, May 3rd. The specialty chemicals company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $434.90 million during the quarter, compared to the consensus estimate of $413.87 million. Koppers had a net margin of 0.98% and a return on equity of 72.67%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. As a group, equities research analysts expect that Koppers will post 3.39 earnings per share for the current fiscal year.

In related news, insider Steven R. Lacy sold 6,631 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $29.80, for a total transaction of $197,603.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradley A. Pearce sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $27.75, for a total transaction of $27,750.00. Following the transaction, the insider now owns 16,477 shares in the company, valued at approximately $457,236.75. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 12,132 shares of company stock worth $355,461 and have sold 39,706 shares worth $1,181,189. 5.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. purchased a new stake in Koppers in the second quarter worth about $224,000. Investors Research Corp grew its holdings in Koppers by 3.9% in the second quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock worth $549,000 after purchasing an additional 700 shares during the period. Schneider Capital Management Corp grew its holdings in Koppers by 11.6% in the first quarter. Schneider Capital Management Corp now owns 488,951 shares of the specialty chemicals company’s stock worth $12,703,000 after purchasing an additional 50,650 shares during the period. THB Asset Management purchased a new stake in Koppers in the first quarter worth about $8,084,000. Finally, Globeflex Capital L P grew its holdings in Koppers by 5.0% in the first quarter. Globeflex Capital L P now owns 64,326 shares of the specialty chemicals company’s stock worth $1,671,000 after purchasing an additional 3,056 shares during the period. Institutional investors and hedge funds own 93.39% 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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