In a report released today, Liam Burke from B.Riley FBR maintained a Buy rating on Koppers Holdings Inc (KOP), with a price target of $40. The company’s shares closed on Friday at $29.31.
Burke commented:
“1Q19 were $0.62 compared with $1.18 a year ago. Results compare to consensus and our adjusted EPS estimates of $0.59 and $0.45, respectively. Koppers faced tough comps from a year ago where CMC favorable pricing in carbon pitch as increased demands for energy efficiency and improved air quality drove higher than average demand for high quality pitch. Tighter supply conditions during 1Q18 also resulted in higher prices for carbon black feedstock and naphthalene. Koppers reported revenue growth of 7.1% Y/Y with the benefit of acquisitions. The company reported an 30.5% Y/Y decline in adjusted EBITDA with solid results in RUP and KPC offset by tough CMC comps.”
According to TipRanks.com, Burke is ranked #1020 out of 5200 analysts.
Koppers Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $37, representing a 26.2% upside. In a report issued on April 25, Barrington also maintained a Buy rating on the stock with a $34 price target.
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Koppers Holdings Inc’s market cap is currently $602.3M and has a P/E ratio of 27.73. The company has a Price to Book ratio of 10.72.
Based on the recent corporate insider activity of 59 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.
