Koppers (NYSE:KOP) Stock Price Target Cut by B. Riley Financial

Key Points

• B. Riley cut its Koppers price target from $62 to $54 but maintained a Buy rating, implying about 82% upside from the reported share price of $29.68.
• Koppers reported quarterly EPS of $0.77, below the $1.37 analyst consensus, and revenue of $499.1 million versus estimates of $518.6 million; revenue was up 2.8% year over year.
• Analyst views are mixed, though MarketBeat lists a consensus rating of Moderate Buy and an average price target of $54.50.

Koppers (NYSE:KOP - Get Free Report) had its target price cut by equities research analysts at B. Riley Financial from $62.00 to $54.00 in a report released on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the specialty chemicals company's stock. B. Riley Financial's price objective would indicate a potential upside of 81.93% from the stock's current price.

KOP has been the topic of a number of other research reports. Weiss Ratings lowered Koppers from a "hold (c+)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Koppers from a "buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $54.50.

Koppers Stock Performance

Shares of KOP traded down $0.29 during trading hours on Monday, hitting $29.68. The company had a trading volume of 28,703 shares, compared to its average volume of 182,558. The firm has a market cap of $561.27 million, a price-to-earnings ratio of -5.81 and a beta of 1.23. The business has a fifty day moving average of $44.13 and a 200-day moving average of $41.68. Koppers has a 12 month low of $26.02 and a 12 month high of $53.00. The company has a quick ratio of 1.01, a current ratio of 2.37 and a debt-to-equity ratio of 2.19.

Koppers (NYSE:KOP - Get Free Report) last posted its earnings results on Friday, November 6th. The specialty chemicals company reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.60). The company had revenue of $499.10 million for the quarter, compared to analyst estimates of $518.60 million. Koppers had a positive return on equity of 14.17% and a negative net margin of 5.03%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS. Koppers has set its FY 2026 guidance at 3.100-3.250 EPS. Equities analysts anticipate that Koppers will post 4.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Koppers news, insider James Sullivan sold 7,500 shares of Koppers stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $50.00, for a total value of $375,000.00. Following the completion of the sale, the insider owned 82,898 shares in the company, valued at $4,144,900. The trade was a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Lucas sold 1,308 shares of Koppers stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $44.55, for a total transaction of $58,271.40. Following the completion of the sale, the senior vice president owned 34,345 shares of the company's stock, valued at $1,530,069.75. This trade represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 15,808 shares of company stock valued at $754,631. 7.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Koppers

A number of hedge funds and other institutional investors have recently made changes to their positions in KOP. BlackRock Inc. bought a new position in Koppers in the 2nd quarter valued at about $136,837,000. Pzena Investment Management LLC acquired a new position in shares of Koppers in the 2nd quarter valued at approximately $47,652,000. Bank of New York Mellon Corp acquired a new position in shares of Koppers in the 2nd quarter valued at approximately $9,993,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Koppers in the 1st quarter valued at approximately $6,269,000. Finally, Bank of America Corp DE bought a new stake in shares of Koppers during the 2nd quarter worth approximately $5,294,000. 92.75% of the stock is currently owned by institutional investors and hedge funds.

About Koppers

Koppers Holdings Inc NYSE: KOP is a global provider of treated wood products, carbon compounds and performance chemicals. The company serves infrastructure, industrial and utility markets with products designed to preserve, protect and extend the service life of wood and other materials.

Koppers operates through two primary business areas: Railroad and Utility Products and Services, and Performance Chemicals. Its offerings include treated railroad crossties, utility poles, pilings and other wood products, as well as wood preservatives and related treatment services.

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