Koppers (NYSE:KOP) Downgraded to Strong Sell at ValuEngine

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

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

NYSE KOP opened at $26.85 on Friday. The company has a debt-to-equity ratio of 12.18, a current ratio of 1.97 and a quick ratio of 0.93. The stock’s fifty day moving average price is $28.03. Koppers has a 1 year low of $15.00 and a 1 year high of $39.30. The company has a market capitalization of $574.01 million, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.46 and a beta of 1.12.

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

In related news, insider Steven R. Lacy sold 6,631 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $29.80, for a total value of $197,603.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP R. Michael Johnson purchased 8,577 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $29.32 per share, for a total transaction of $251,477.64. Following the completion of the purchase, the vice president now directly owns 194,042 shares of the company’s stock, valued at approximately $5,689,311.44. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 12,132 shares of company stock worth $355,461 and sold 39,706 shares worth $1,181,189. 5.90% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in KOP. PNC Financial Services Group Inc. grew its stake in shares of Koppers by 41.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,256 shares of the specialty chemicals company’s stock valued at $90,000 after acquiring an additional 1,552 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Koppers by 351.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,802 shares of the specialty chemicals company’s stock valued at $116,000 after acquiring an additional 5,296 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Koppers by 475.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,639 shares of the specialty chemicals company’s stock valued at $121,000 after acquiring an additional 3,833 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in shares of Koppers in the fourth quarter valued at about $133,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Koppers in the first quarter valued at about $200,000. Institutional investors and hedge funds own 93.00% of the company’s stock.

Koppers Company Profile

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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