Analysts Set Koppers Holdings Inc. (NYSE:KOP) PT at $45.25

Shares of Koppers Holdings Inc. (NYSE:KOP) have received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $45.25.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Koppers from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Barrington Research reiterated a “buy” rating and issued a $41.00 price objective on shares of Koppers in a report on Tuesday, August 10th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOP. Rubric Capital Management LP grew its stake in shares of Koppers by 5,131.4% in the first quarter. Rubric Capital Management LP now owns 788,268 shares of the specialty chemicals company’s stock worth $27,400,000 after acquiring an additional 773,200 shares during the last quarter. BlackRock Inc. grew its stake in shares of Koppers by 6.4% in the first quarter. BlackRock Inc. now owns 3,411,367 shares of the specialty chemicals company’s stock worth $118,581,000 after acquiring an additional 204,108 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Koppers by 394.7% in the first quarter. Victory Capital Management Inc. now owns 227,544 shares of the specialty chemicals company’s stock worth $7,909,000 after acquiring an additional 181,548 shares during the last quarter. Huntington National Bank grew its stake in shares of Koppers by 1,556.3% in the second quarter. Huntington National Bank now owns 182,193 shares of the specialty chemicals company’s stock worth $5,894,000 after acquiring an additional 171,193 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Koppers by 35.9% in the second quarter. Bank of Montreal Can now owns 412,513 shares of the specialty chemicals company’s stock worth $13,061,000 after acquiring an additional 109,019 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Koppers stock opened at $31.86 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.30 and a debt-to-equity ratio of 1.92. The company has a market cap of $679.86 million, a PE ratio of 4.69 and a beta of 2.04. The business has a 50 day moving average of $31.18 and a 200 day moving average of $33.07. Koppers has a 52 week low of $18.92 and a 52 week high of $39.44.

Koppers (NYSE:KOP) last announced its earnings results on Friday, August 6th. The specialty chemicals company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.05. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $462.23 million. Koppers had a return on equity of 29.26% and a net margin of 8.75%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 earnings per share. On average, research analysts anticipate that Koppers will post 4.44 earnings per share for the current year.

About Koppers

Koppers Holdings, Inc engages in the provision of treated wood products, wood treatment chemicals and carbon compounds. It operates through the following segments: Carbon Materials and Chemicals; Railroad and Utility Products and Services; and Performance Chemicals. The Carbon Materials and Chemicals segment manufactures carbon pitch naphthalene,creosote and carbon black feedstock.

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