Barrington analyst Christopher Howe maintained a Buy rating on Koppers Holdings Inc (NYSE: KOP) today and set a price target of $61. The company’s shares closed on Friday at $35.25, close to its 52-week low of $33.65.
Howe observed:
“We believe the company will continue to see the benefit from the positive economic trends within the CMC segment and its recent acquisitions. KOP is strategically focused on transforming its wood technology business that holds more attractive growth and profitability characteristics. The price target incorporates a blended 14x P/E multiple and 9x EV/EBITDA multiple based on our FY/18 estimates.”
According to TipRanks.com, Howe is a 1-star analyst with an average return of -3.1% and a 12.5% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Koppers Holdings Inc with a $60.50 average price target, representing a 71.6% upside. In a report issued on August 10, B.Riley FBR also maintained a Buy rating on the stock with a $60 price target.
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Based on Koppers Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $436 million and net profit of $600K. In comparison, last year the company earned revenue of $378 million and had a net profit of $19.7 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Joseph P. Dowd, the Global VP, SHE & Process Excel of KOP sold 10,887 shares for a total of $438,452.
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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.
