In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Koppers Holdings (KOP – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $37.30.
Prestopino covers the Industrials sector, focusing on stocks such as Standex International, Superior Industries International, and Dorman Products. According to TipRanks, Prestopino has an average return of 21.8% and a 51.21% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Koppers Holdings with a $45.00 average price target.
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The company has a one-year high of $41.91 and a one-year low of $26.51. Currently, Koppers Holdings has an average volume of 103.6K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KOP in relation to earlier this year. Most recently, in September 2023, Leslie Hyde, the SVP, Chief Sustainability Offi of KOP sold 10,452.00 shares for a total of $423,116.97.
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Koppers Holdings (KOP) Company Description:
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.
Read More on KOP:
- Koppers Reports Third Quarter 2023 Results; Reaffirms 2023 Outlook
- Koppers Holdings Inc. Declares Quarterly Cash Dividend
- KOP Upcoming Earnings Report: What to Expect?
- Koppers Holdings Inc. Announces Increase to 2023 Outlook as Management Prepares to Host Investor Day Today
- Koppers Holdings raises 2023 adjusted EPS view to $4.30-$4.60 from $4.40
