In a report released today, Christopher Howe from Barrington maintained a Buy rating on Koppers Holdings Inc (KOP). The company’s shares closed on Friday at $18.64, close to its 52-week low of $18.50.
“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.”
According to TipRanks.com, Howe has 0 stars on 0-5 star ranking scale with an average return of -20.8% and a 4.2% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as ASV Holdings Inc, Kadant Inc, and Woodward.
Currently, the analyst consensus on Koppers Holdings Inc is a Strong Buy with an average price target of $41.
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Koppers Holdings Inc’s market cap is currently $382.3M and has a P/E ratio of 39.37. The company has a Price to Book ratio of 5.56.
Based on the recent corporate insider activity of 71 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.