Koppers Holdings Inc. (NYSE:KOP) – Research analysts at Jefferies Financial Group lifted their Q3 2019 EPS estimates for shares of Koppers in a report issued on Monday, August 12th. Jefferies Financial Group analyst L. Alexander now forecasts that the specialty chemicals company will earn $0.98 per share for the quarter, up from their prior estimate of $0.95. Jefferies Financial Group also issued estimates for Koppers’ FY2021 earnings at $4.95 EPS and FY2022 earnings at $5.30 EPS.
Other equities research analysts have also issued reports about the company. Monness Crespi & Hardt reiterated a “buy” rating and set a $37.00 price target (up from $33.00) on shares of Koppers in a report on Friday, August 9th. Barrington Research restated a “buy” rating and issued a $35.00 target price on shares of Koppers in a report on Tuesday. ValuEngine lowered Koppers from a “sell” rating to a “strong sell” rating in a report on Friday, July 12th. Finally, Zacks Investment Research lowered Koppers from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.80.
Shares of Koppers stock opened at $27.36 on Wednesday. The firm has a market cap of $573.35 million, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.46 and a beta of 1.10. The company has a debt-to-equity ratio of 10.54, a current ratio of 2.01 and a quick ratio of 1.00. Koppers has a 52-week low of $15.00 and a 52-week high of $36.70. The stock has a 50-day simple moving average of $27.50 and a 200-day simple moving average of $26.81.
Koppers (NYSE:KOP) last released its earnings results on Thursday, August 8th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.17. Koppers had a return on equity of 77.19% and a net margin of 1.76%. The company had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $491.43 million. During the same quarter in the previous year, the business posted $0.93 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in KOP. Prudential Financial Inc. lifted its stake in Koppers by 244.6% in the second quarter. Prudential Financial Inc. now owns 499,666 shares of the specialty chemicals company’s stock valued at $14,670,000 after buying an additional 354,654 shares during the period. THB Asset Management bought a new stake in shares of Koppers in the first quarter worth about $8,084,000. Norges Bank bought a new stake in shares of Koppers in the fourth quarter worth about $5,090,000. Nuveen Asset Management LLC bought a new stake in shares of Koppers in the second quarter worth about $5,521,000. Finally, Morgan Stanley increased its holdings in shares of Koppers by 433.0% in the second quarter. Morgan Stanley now owns 103,916 shares of the specialty chemicals company’s stock worth $3,051,000 after acquiring an additional 84,420 shares in the last quarter. 93.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP R. Michael Johnson purchased 12,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $28.92 per share, with a total value of $347,040.00. Following the completion of the purchase, the vice president now directly owns 209,073 shares of the company’s stock, valued at approximately $6,046,391.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley A. Pearce sold 1,000 shares of the company’s 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 transaction, the insider now directly owns 16,477 shares in the company, valued at approximately $457,236.75. The disclosure for this sale can be found here. Insiders own 5.90% 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).
Further Reading: Growth Stocks
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.