Koppers Holdings Inc. (NYSE:KOP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, August 8th. The firm currently has a $44.00 price target on the specialty chemicals company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.64% from the company’s current price.
According to Zacks, “Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa. “
KOP has been the subject of a number of other reports. TheStreet raised Koppers Holdings from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Koppers Holdings in a report on Tuesday, July 11th. Jefferies Group LLC lowered Koppers Holdings from a “buy” rating to a “hold” rating and cut their price target for the stock from $48.00 to $40.00 in a report on Wednesday, May 31st. Barrington Research raised their price target on Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Finally, Wunderlich raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $45.40.
Shares of Koppers Holdings (NYSE KOP) remained flat at $38.05 on Tuesday. The company had a trading volume of 95,854 shares. Koppers Holdings has a 12-month low of $28.54 and a 12-month high of $45.85. The stock has a market cap of $789.35 million, a P/E ratio of 19.37 and a beta of 0.97. The company’s 50 day moving average price is $37.37 and its 200-day moving average price is $39.50.
Koppers Holdings (NYSE:KOP) last released its earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.26. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The business had revenue of $378 million during the quarter, compared to the consensus estimate of $369 million. During the same period last year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts predict that Koppers Holdings will post $3.24 EPS for the current fiscal year.
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In related news, SVP Thomas D. Loadman sold 3,000 shares of Koppers Holdings stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $35.01, for a total transaction of $105,030.00. Following the completion of the sale, the senior vice president now owns 35,927 shares of the company’s stock, valued at $1,257,804.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Koppers Holdings during the fourth quarter valued at about $7,154,000. Teachers Advisors LLC increased its position in Koppers Holdings by 473.0% in the fourth quarter. Teachers Advisors LLC now owns 184,124 shares of the specialty chemicals company’s stock valued at $7,420,000 after buying an additional 151,992 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Koppers Holdings during the fourth quarter worth about $594,000. Bank of Montreal Can increased its position in shares of Koppers Holdings by 7.6% in the first quarter. Bank of Montreal Can now owns 73,132 shares of the specialty chemicals company’s stock worth $3,097,000 after buying an additional 5,165 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Koppers Holdings by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the specialty chemicals company’s stock worth $356,000 after buying an additional 100 shares in the last quarter. 90.69% of the stock is owned by hedge funds and other institutional investors.
About Koppers Holdings
Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.
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