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

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

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

Koppers Stock Performance

NYSE:KOP opened at $31.96 on Monday. The firm has a market cap of $647.80 million, a price-to-earnings ratio of 9.08 and a beta of 1.83. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.54 and a quick ratio of 1.13. Koppers has a 1-year low of $28.57 and a 1-year high of $58.23. The firm’s fifty day moving average price is $30.94 and its 200 day moving average price is $34.73.

Institutional Investors Weigh In On Koppers

Several institutional investors have recently made changes to their positions in KOP. Pzena Investment Management LLC increased its holdings in shares of Koppers by 91.8% in the 3rd quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock valued at $28,134,000 after purchasing an additional 368,709 shares in the last quarter. Foundry Partners LLC purchased a new position in Koppers in the third quarter valued at about $4,022,000. Principal Financial Group Inc. lifted its position in shares of Koppers by 20.7% during the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock valued at $20,778,000 after acquiring an additional 97,586 shares during the period. Kennedy Capital Management LLC purchased a new stake in shares of Koppers during the 4th quarter worth approximately $2,948,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Koppers by 193.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 130,816 shares of the specialty chemicals company’s stock worth $4,238,000 after acquiring an additional 86,246 shares in the last quarter. 92.75% of the stock is currently owned by hedge funds and other institutional investors.

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.