Barrington Believes Koppers Holdings (KOP) Still Has Room to Grow


In a report released today, Christopher Howe from Barrington reiterated a Buy rating on Koppers Holdings (KOP), with a price target of $42.00. The company’s shares closed last Monday at $36.95, close to its 52-week high of $39.44.

According to TipRanks.com, Howe is a top 100 analyst with an average return of 43.7% and a 74.6% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Columbus Mckinnon.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Koppers Holdings with a $44.00 average price target, which is a 13.3% upside from current levels. In a report released yesterday, Monness also maintained a Buy rating on the stock with a $45.00 price target.

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Koppers Holdings’ market cap is currently $784.7M and has a P/E ratio of 6.70. The company has a Price to Book ratio of -7.66.

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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 and Chemicals; Railroad and Utility Products and Services; and Performance Chemicals. The Carbon Materials and Chemicals segment manufactures carbon pitch naphthalene,creosote and carbon black feedstock. The Railroad and Utility Products and Services segment sells treated and untreated wood products, manufactured products and services primarily to the railroad and public utility markets. The Performance Chemicals segment engages in the development, manufacture, and marketing wood preservation chemicals and wood treatment technologies for use in the pressure treating of lumber for residential, industrial and agricultural applications. The company was founded on November 18, 2004 and is headquartered in Pittsburgh, PA.

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