Zacks Investment Research Downgrades Koppers (NYSE:KOP) to Sell

Share on StockTwits

Koppers (NYSE:KOP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, June 13th.

According to Zacks, “Koppers Holdings Inc., with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. Their products and services are used in a variety of niche applications in a diverse range of end-markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber and construction industries. Including their joint ventures, the company serve their customers through a comprehensive global manufacturing and distribution network, with facilities located in North America, South America, Australasia, China and Europe. “

Several other equities research analysts have also recently issued reports on KOP. B. Riley set a $60.00 target price on shares of Koppers and gave the stock a “buy” rating in a research report on Wednesday, February 28th. TheStreet cut shares of Koppers from a “b-” rating to a “c” rating in a research report on Tuesday, February 27th. Finally, ValuEngine cut shares of Koppers from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $48.33.

Koppers opened at $38.80 on Wednesday, Marketbeat Ratings reports. Koppers has a 12-month low of $33.90 and a 12-month high of $51.80. The stock has a market cap of $823.55 million, a price-to-earnings ratio of 10.54, a PEG ratio of 0.57 and a beta of 0.87. The company has a debt-to-equity ratio of 6.60, a quick ratio of 1.15 and a current ratio of 2.07.

Koppers (NYSE:KOP) last released its earnings results on Thursday, May 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.33. Koppers had a net margin of 2.77% and a return on equity of 90.02%. The business had revenue of $406.10 million for the quarter, compared to analysts’ expectations of $408.20 million. During the same period last year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. equities research analysts expect that Koppers will post 3.83 EPS for the current fiscal year.

In related news, Treasurer Louann E. Tronsberg-Deihle sold 14,148 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $43.10, for a total value of $609,778.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP R. Michael Johnson purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was acquired at an average price of $38.45 per share, for a total transaction of $384,500.00. Following the acquisition, the vice president now directly owns 11,534 shares of the company’s stock, valued at approximately $443,482.30. The disclosure for this purchase can be found here. Insiders sold 48,163 shares of company stock worth $2,011,124 in the last 90 days. 8.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in shares of Koppers by 314.0% during the fourth quarter. LS Investment Advisors LLC now owns 2,902 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 2,201 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Koppers during the first quarter valued at approximately $206,000. Macquarie Group Ltd. raised its stake in shares of Koppers by 61.1% during the fourth quarter. Macquarie Group Ltd. now owns 5,800 shares of the specialty chemicals company’s stock valued at $295,000 after purchasing an additional 2,200 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in shares of Koppers during the first quarter valued at approximately $257,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Koppers during the fourth quarter valued at approximately $343,000. Institutional investors own 89.16% 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).

Get a free copy of the Zacks research report on Koppers (KOP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Koppers (NYSE:KOP)

Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply