Barrington Research Reaffirms Outperform Rating for Koppers (NYSE:KOP)

Koppers (NYSE:KOP)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $64.00 price target on the specialty chemicals company’s stock. Barrington Research’s price target would indicate a potential upside of 100.25% from the stock’s previous close.

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

Koppers Stock Performance

Koppers stock opened at $31.96 on Monday. Koppers has a fifty-two week low of $28.57 and a fifty-two week high of $58.23. The company has a market capitalization of $647.80 million, a price-to-earnings ratio of 9.08 and a beta of 1.83. The stock has a fifty day moving average of $30.94 and a two-hundred day moving average of $34.73. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KOP. Meeder Asset Management Inc. purchased a new stake in shares of Koppers in the third quarter valued at $37,000. Quarry LP purchased a new stake in Koppers in the 4th quarter valued at about $40,000. KBC Group NV grew its holdings in Koppers by 83.8% in the 3rd quarter. KBC Group NV now owns 1,204 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 549 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of 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 acquiring an additional 1,117 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Koppers by 145.1% during the 4th quarter. US Bancorp DE now owns 2,027 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 92.75% of the company’s stock.

About Koppers

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.