Barrington analyst Christopher Howe maintained a Buy rating on Koppers Holdings Inc (KOP) today and set a price target of $35. The company’s shares closed yesterday at $26.97.
Howe noted:
“We are reiterating our OUTPERFORM investment rating and price target of $35, which represents more than 25% potential upside.”
According to TipRanks.com, Howe is a 4-star analyst with an average return of 14.0% and a 54.2% 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 Moderate Buy with an average price target of $37.50.
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Based on Koppers Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $11.5 million. In comparison, last year the company earned revenue of $436 million and had a net profit of $600K.
Based on the recent corporate insider activity of 55 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.
