Koppers Holdings (KOP) Gets a Buy Rating from Barrington

Barrington analyst Christopher Howe reiterated a Buy rating on Koppers Holdings (KOPResearch Report) today and set a price target of $30.00. The company’s shares closed last Monday at $18.40.

According to TipRanks.com, Howe is a 5-star analyst with an average return of 18.4% and a 56.0% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Columbus Mckinnon.

Currently, the analyst consensus on Koppers Holdings is a Moderate Buy with an average price target of $26.67, which is a 50.7% upside from current levels. In a report issued on June 18, B.Riley FBR also maintained a Buy rating on the stock with a $35.00 price target.

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Koppers Holdings’ market cap is currently $386.1M and has a P/E ratio of 6.80. The company has a Price to Book ratio of -1.02.

Based on the recent corporate insider activity of 32 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 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.