Koppers (NYSE:KOP) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Koppers (NYSE:KOP) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

KOP has been the subject of several other research reports. Weiss Ratings raised shares of Koppers from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 29th. Barrington Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Koppers in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.50.

Koppers Price Performance

KOP traded up $0.23 during midday trading on Monday, reaching $33.43. 11,001 shares of the company’s stock were exchanged, compared to its average volume of 131,716. Koppers has a 1-year low of $22.99 and a 1-year high of $35.61. The stock has a market capitalization of $655.50 million, a PE ratio of 41.51 and a beta of 1.40. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.63 and a quick ratio of 1.09. The business’s 50-day moving average price is $28.72 and its 200 day moving average price is $28.83.

Institutional Investors Weigh In On Koppers

Institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Koppers during the 3rd quarter valued at about $3,635,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Koppers in the 2nd quarter worth about $872,000. American Century Companies Inc. increased its stake in shares of Koppers by 145.2% in the second quarter. American Century Companies Inc. now owns 186,729 shares of the specialty chemicals company’s stock valued at $6,003,000 after purchasing an additional 110,577 shares during the period. LSV Asset Management boosted its position in shares of Koppers by 7.4% during the second quarter. LSV Asset Management now owns 814,831 shares of the specialty chemicals company’s stock worth $26,197,000 after buying an additional 56,170 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in Koppers during the 2nd quarter valued at $1,528,000. 92.75% of the stock is currently owned by institutional investors.

Koppers Company Profile

Koppers Company, Inc is a global specialty chemicals and materials manufacturer serving diverse industrial markets. The company operates through two primary segments: Carbon Materials & Chemicals, which produces a range of coal tar–based products, phenolic specialties and carbon compounds; and Railroad Products & Services, which offers wood treating and infrastructure services for rail and utility customers.

In its Carbon Materials & Chemicals segment, Koppers supplies coal tar pitch, refined creosote, coal tar?based distillates and phenolic resins used in aluminum smelting, graphite electrode manufacture, carbon fiber production, and water treatment applications.