Barrington analyst Christopher Howe reiterated a Buy rating on Koppers Holdings Inc (KOP) today and set a price target of $34. The company’s shares closed on Friday at $26.16.
Howe commented:
“We are reiterating our OUTPERFORM investment rating. Our price target is now $34 (from $38) to reflect our updated adjusted EBITDA and earnings expectations.”
According to TipRanks.com, Howe is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.2% and a 29.4% 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 Moderate Buy with an average price target of $34.
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Koppers Holdings Inc’s market cap is currently $536.5M and has a P/E ratio of 55.25. The company has a Price to Book ratio of 7.80.
Based on the recent corporate insider activity of 77 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.
