In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Koppers Holdings (KOP – Research Report), with a price target of $38.00. The company’s shares opened today at $35.97.
Prestopino covers the Technology sector, focusing on stocks such as Cars, Methode Electronics, and CCC Intelligent Solutions Holdings. According to TipRanks, Prestopino has an average return of 24.3% and a 52.85% success rate on recommended stocks.
Currently, the analyst consensus on Koppers Holdings is a Moderate Buy with an average price target of $38.00.
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Based on Koppers Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $536.1 million and a net profit of $19.1 million. In comparison, last year the company earned a revenue of $424.8 million and had a net profit of $10.2 million
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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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