Barrington Research Reiterates “Outperform” Rating for Koppers (NYSE:KOP)

Koppers (NYSE:KOP)‘s stock had its “outperform” rating reaffirmed by stock analysts at Barrington Research in a report issued on Monday,Benzinga reports. They currently have a $64.00 price target on the specialty chemicals company’s stock. Barrington Research’s price objective suggests a potential upside of 111.89% from the company’s previous close.

Separately, StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Koppers Stock Performance

Shares of KOP stock opened at $30.20 on Monday. The company has a current ratio of 2.54, a quick ratio of 1.13 and a debt-to-equity ratio of 1.83. The company has a market cap of $612.20 million, a PE ratio of 8.58 and a beta of 1.83. The company’s fifty day simple moving average is $30.97 and its 200-day simple moving average is $34.79. Koppers has a 52 week low of $28.57 and a 52 week high of $58.23.

Institutional Trading of Koppers

Several institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV lifted its position in shares of Koppers by 83.8% in the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 549 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Koppers by 0.8% during the fourth quarter. Rhumbline Advisers now owns 70,685 shares of the specialty chemicals company’s stock valued at $2,290,000 after purchasing an additional 574 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Koppers by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,038 shares of the specialty chemicals company’s stock worth $444,000 after purchasing an additional 655 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Koppers in the 3rd quarter worth approximately $37,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in Koppers by 277.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,520 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 1,117 shares during the period. Institutional investors and hedge funds own 92.75% of the company’s stock.

Koppers Company Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.