Koppers Holdings Inc (KOP) Gets a Buy Rating from Barrington

By Austin Angelo

In a report released yesterday, Christopher Howe from Barrington reiterated a Buy rating on Koppers Holdings Inc (KOPResearch Report), with a price target of $35. The company’s shares closed last Monday at $28.08.

Howe commented:

“We are reiterating our OUTPERFORM investment rating and price target of $35. Opinion OUTPERFORM Suitability/Risk (12 mo) $35 Target 26% LT EPS Growth Rate 18% Market Data Price $27.86 52‐Wk High $36.70 52‐Wk Low $15.00 Market Cap (mil) $576.2 Enterprise Value (mil) 1,667 Shares Outstanding (mil) 20.683 Insider Ownership 5% Institutional Ownership 97% Average Daily Volume 98,955 Financial / Equity (LTM) NM LT Debt/Capital 89.48% EV/EBITDA (LTM) 10.0x Price/Sales (LTM) 0.3x Price/Book NM Dividend $0.00 Dividend Yield 0.00% 634‐6343 FactSet Research Systems Revenue ($ mil)(est. in Adj. EPS ($)(est.”

According to TipRanks.com, Howe is a 4-star analyst with an average return of 9.7% and a 42.3% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Koppers Holdings Inc with a $37.50 average price target, a 35.4% upside from current levels. In a report issued on August 9, B.Riley FBR also maintained a Buy rating on the stock with a $40 price target.

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The company has a one-year high of $36.70 and a one-year low of $15. Currently, Koppers Holdings Inc has an average volume of 98.36K.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KOP in relation to earlier this year.

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Koppers Holdings, Inc. operates as a holding company, which produces treated wood products, wood treatment chemicals and carbon compounds. It operates through the following segments: Carbon Materials & Chemicals; Railroad and Utility Products & Services; and Performance Chemicals.