Koppers (NYSE:KOP) Upgraded at Zacks Research

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

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

Koppers Stock Performance

NYSE KOP opened at $34.16 on Monday. The stock has a market cap of $669.86 million, a PE ratio of 42.70 and a beta of 1.40. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 2.63. The firm has a 50-day moving average of $28.82 and a 200-day moving average of $28.87. Koppers has a 52-week low of $22.99 and a 52-week high of $35.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Consulate Inc. purchased a new position in Koppers during the 3rd quarter valued at about $42,000. Byrne Asset Management LLC bought a new position in shares of Koppers during the third quarter valued at $42,000. Tower Research Capital LLC TRC lifted its position in Koppers by 258.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 1,391 shares during the period. Quantbot Technologies LP boosted its position in Koppers by 95.6% in the second quarter. Quantbot Technologies LP now owns 2,130 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 1,041 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Koppers by 23.5% during the second quarter. BNP Paribas Financial Markets now owns 3,235 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 615 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors.

About Koppers

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.