Koppers Holdings Inc (KOP) Received its Third Buy in a Row


After Seaport Global and B.Riley FBR gave Koppers Holdings Inc (NYSE: KOP) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst Christopher Howe reiterated a Buy rating on Koppers Holdings Inc today and set a price target of $38. The company’s shares opened today at $19.66, close to its 52-week low of $19.19.

According to TipRanks.com, Howe is ranked 0 out of 5 stars with an average return of -15.0% and a 26.1% 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 Strong Buy analyst consensus rating for Koppers Holdings Inc with a $45 average price target, representing a 128.9% upside. In a report issued on November 9, B.Riley FBR also reiterated a Buy rating on the stock with a $40 price target.

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Koppers Holdings Inc’s market cap is currently $419.3M and has a P/E ratio of 19.28. The company has a Price to Book ratio of 4.64.

Based on the recent corporate insider activity of 66 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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