Koppers (NYSE:KOP) Cut to Sell (D+) at Weiss Ratings

Key Points

• Koppers (NYSE:KOP) was downgraded from a "hold" rating to a "sell" rating by Weiss Ratings, reflecting a significant shift in analyst sentiment.
• The company experienced a decline in revenue, reporting $504.80 million for the quarter, which was below analyst estimates and down 10.4% year-over-year.
• Koppers' stock has seen recent fluctuations with a price target range set by analysts, currently hovering around an average target of $52.50.

Koppers (NYSE:KOP - Get Free Report) was downgraded by research analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a research report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on the company. Zacks Research cut Koppers from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 4th. Barrington Research lowered their price objective on Koppers from $64.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Finally, B. Riley reaffirmed a "buy" rating and set a $50.00 price objective (down from $55.00) on shares of Koppers in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.50.

Koppers Trading Up 0.3%

KOP opened at $26.56 on Wednesday. Koppers has a 12 month low of $22.99 and a 12 month high of $39.83. The stock has a market capitalization of $523.76 million, a price-to-earnings ratio of 36.89 and a beta of 1.41. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.11. The business has a fifty day moving average price of $29.16 and a 200 day moving average price of $29.53.

Koppers (NYSE:KOP - Get Free Report) last released its earnings results on Friday, August 8th. The specialty chemicals company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). Koppers had a return on equity of 17.43% and a net margin of 0.76%.The company had revenue of $504.80 million for the quarter, compared to analyst estimates of $540.30 million. During the same period in the previous year, the firm earned $1.36 earnings per share. The company's revenue for the quarter was down 10.4% compared to the same quarter last year. Koppers has set its FY 2025 guidance at 4.000-4.600 EPS. Sell-side analysts expect that Koppers will post 4.24 earnings per share for the current fiscal year.

Institutional Trading of Koppers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC purchased a new stake in Koppers during the 1st quarter valued at approximately $38,000. Copeland Capital Management LLC purchased a new stake in Koppers during the 1st quarter valued at approximately $49,000. GAMMA Investing LLC raised its stake in Koppers by 112.9% during the 1st quarter. GAMMA Investing LLC now owns 1,835 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 973 shares during the last quarter. AlphaQuest LLC raised its stake in Koppers by 97,600.0% during the 1st quarter. AlphaQuest LLC now owns 1,954 shares of the specialty chemicals company's stock valued at $55,000 after acquiring an additional 1,952 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Koppers by 258.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,930 shares of the specialty chemicals company's stock valued at $62,000 after acquiring an additional 1,391 shares during the last quarter. 92.75% of the stock is 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.

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