Barrington analyst Christopher Howe maintained a Buy rating on Koppers Holdings Inc (KOP) today and set a price target of $38. The company’s shares closed yesterday at $20.05, close to its 52-week low of $15.
Howe wrote:
“We expect profitability to improve over time as the company leverages its vertical integration advantage, improves its self-sufficiency and realizes revenue synergies from its recent acquisitions. Over the next five years, the company has identified actionable organic opportunities to improve profitability by $25-40 million through network optimization, commercial development, raw materials and other cost savings. As such, we are reiterating our OUTPERFORM investment rating and price target of $38.”
According to TipRanks.com, Howe is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -18.8% and a 14.3% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.
Koppers Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $41.
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Koppers Holdings Inc’s market cap is currently $411.2M and has a P/E ratio of 42.34. The company has a Price to Book ratio of 5.98.
Based on the recent corporate insider activity of 80 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.
