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

Koppers (NYSE:KOP) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday, ValuEngine reports.

Several other equities analysts also recently commented on the company. Barrington Research upped their price objective on Koppers from $35.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Monness Crespi & Hardt increased their target price on Koppers from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Zacks Investment Research downgraded Koppers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.33.

NYSE KOP traded down $1.79 during trading on Wednesday, hitting $38.53. The stock had a trading volume of 212,700 shares, compared to its average volume of 139,417. Koppers has a one year low of $15.00 and a one year high of $44.75. The stock has a 50 day simple moving average of $33.10 and a 200 day simple moving average of $29.18. The stock has a market capitalization of $862.50 million, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.67 and a beta of 1.06. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.92 and a current ratio of 1.96.

Koppers (NYSE:KOP) last released its earnings results on Thursday, November 7th. The specialty chemicals company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.27. Koppers had a return on equity of 81.83% and a net margin of 2.40%. The firm had revenue of $474.90 million for the quarter, compared to analysts’ expectations of $485.13 million. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Koppers will post 3.47 EPS for the current year.

In other news, Director Xudong Feng sold 2,442 shares of Koppers stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $26.92, for a total transaction of $65,738.64. Following the completion of the sale, the director now owns 27,510 shares of the company’s stock, valued at $740,569.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven R. Lacy sold 5,615 shares of Koppers stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $42.71, for a total transaction of $239,816.65. Following the sale, the insider now directly owns 39,600 shares of the company’s stock, valued at approximately $1,691,316. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,744 shares of company stock valued at $385,413. 5.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. bought a new position in Koppers in the second quarter worth approximately $39,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Koppers during the 3rd quarter worth $42,000. Quantamental Technologies LLC bought a new stake in Koppers during the 2nd quarter valued at $53,000. Bank of Montreal Can raised its position in Koppers by 106.1% during the 2nd quarter. Bank of Montreal Can now owns 3,088 shares of the specialty chemicals company’s stock valued at $91,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Koppers in the 3rd quarter worth $219,000. Hedge funds and other institutional investors own 91.34% of the company’s stock.

About Koppers

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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