Koppers (NYSE:KOP) Given Outperform Rating at Barrington Research

Koppers (NYSE:KOP)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $64.00 price objective on the specialty chemicals company’s stock. Barrington Research’s price target would suggest a potential upside of 111.89% from the company’s current price.

Separately, StockNews.com upgraded Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Koppers Price Performance

Shares of NYSE:KOP opened at $30.20 on Monday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The business’s fifty day moving average price is $30.97 and its two-hundred day moving average price is $34.79. The stock has a market cap of $612.20 million, a PE ratio of 8.58 and a beta of 1.83. Koppers has a one year low of $28.57 and a one year high of $58.23.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. KBC Group NV increased its position in Koppers by 83.8% during the third quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 549 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Koppers by 0.8% during the 4th quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company’s stock worth $2,290,000 after buying an additional 574 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Koppers by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 12,038 shares of the specialty chemicals company’s stock worth $444,000 after buying an additional 655 shares during the period. Meeder Asset Management Inc. purchased a new stake in Koppers during the third quarter valued at about $37,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Koppers by 277.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 1,117 shares during the period. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.