Barrington analyst Christopher Howe reiterated a Buy rating on Koppers Holdings Inc (KOP) today and set a price target of $35. The company’s shares opened today at $28.45.
Howe commented:
“We are reiterating our OUTPERFORM investment rating and raising our price target to $35 (from $34) to reflect our updated adjusted EBITDA and earnings expectations.”
According to TipRanks.com, Howe has 0 stars on 0-5 star ranking scale with an average return of -8.8% and a 35.7% 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 $37 average price target, which is a 30.1% upside from current levels. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $40 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 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.
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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.
