Barrington Research restated their buy rating on shares of Koppers (NYSE:KOP) in a research note published on Tuesday, AnalystRatings.com reports. The brokerage currently has a $35.00 price target on the specialty chemicals company’s stock. Barrington Research also issued estimates for Koppers’ Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.62 EPS, FY2019 earnings at $3.30 EPS and FY2020 earnings at $3.99 EPS.
“We are reiterating our OUTPERFORM investment rating and price target of $35. Opinion OUTPERFORM Suitability/Risk (12 mo) $35 Target 26% LT EPS Growth Rate 18% Market Data Price $27.86 52‐Wk High $36.70 52‐Wk Low $15.00 Market Cap (mil) $576.2 Enterprise Value (mil) 1,667 Shares Outstanding (mil) 20.683 Insider Ownership 5% Institutional Ownership 97% Average Daily Volume 98,955 Financial / Equity (LTM) NM LT Debt/Capital 89.48% EV/EBITDA (LTM) 10.0x Price/Sales (LTM) 0.3x Price/Book NM Dividend $0.00 Dividend Yield 0.00% 634‐6343 FactSet Research Systems Revenue ($ mil)(est. in Adj. EPS ($)(est.”,” Barrington Research’s analyst wrote.
A number of other analysts have also weighed in on the company. Monness Crespi & Hardt restated a buy rating and set a $37.00 target price (up previously from $33.00) on shares of Koppers in a report on Friday, August 9th. ValuEngine lowered Koppers from a sell rating to a strong sell rating in a report on Friday, July 12th. Finally, Zacks Investment Research upgraded Koppers from a hold rating to a buy rating and set a $30.00 target price for the company in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $36.80.
Koppers (NYSE:KOP) last posted its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.17. The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $491.43 million. Koppers had a return on equity of 77.19% and a net margin of 1.76%. Koppers’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Equities analysts expect that Koppers will post 3.36 earnings per share for the current year.
In other Koppers news, VP R. Michael Johnson acquired 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $28.92 per share, for a total transaction of $347,040.00. Following the acquisition, the vice president now owns 209,073 shares in the company, valued at approximately $6,046,391.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradley A. Pearce sold 1,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $27.75, for a total value of $27,750.00. Following the sale, the insider now owns 16,477 shares of the company’s stock, valued at approximately $457,236.75. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund lifted its holdings in shares of Koppers by 4.0% during the 1st quarter. Texas Permanent School Fund now owns 13,952 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 532 shares during the last quarter. Zeke Capital Advisors LLC lifted its holdings in shares of Koppers by 3.2% during the 2nd quarter. Zeke Capital Advisors LLC now owns 18,346 shares of the specialty chemicals company’s stock valued at $539,000 after purchasing an additional 576 shares during the last quarter. Comerica Bank lifted its holdings in shares of Koppers by 2.0% during the 1st quarter. Comerica Bank now owns 32,852 shares of the specialty chemicals company’s stock valued at $899,000 after purchasing an additional 658 shares during the last quarter. Investors Research Corp lifted its holdings in shares of Koppers by 3.9% during the 2nd quarter. Investors Research Corp now owns 18,700 shares of the specialty chemicals company’s stock valued at $549,000 after purchasing an additional 700 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Koppers by 0.4% during the 2nd quarter. Northern Trust Corp now owns 294,667 shares of the specialty chemicals company’s stock valued at $8,651,000 after purchasing an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.
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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