Zacks Investment Research upgraded shares of Koppers Holdings Inc. (NYSE:KOP) from a hold rating to a buy rating in a report released on Tuesday morning. They currently have $45.00 price objective on the stock.
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. “
A number of other analysts also recently weighed in on KOP. Jefferies Group reissued a buy rating and set a $40.00 price target on shares of Koppers Holdings in a research report on Monday, November 7th. Wunderlich downgraded shares of Koppers Holdings from a buy rating to a hold rating in a research report on Tuesday, November 29th. TheStreet raised shares of Koppers Holdings from a sell rating to a hold rating in a research report on Wednesday, November 30th. Finally, Barrington Research raised their price target on shares of Koppers Holdings from $42.00 to $50.00 and gave the stock an outperform rating in a research report on Wednesday, December 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $41.20.
Shares of Koppers Holdings (NYSE:KOP) remained flat at $40.00 during mid-day trading on Tuesday. The company had a trading volume of 115,346 shares. The stock’s market capitalization is $826.48 million. The company’s 50 day moving average is $40.66 and its 200-day moving average is $34.25. Koppers Holdings has a 52 week low of $13.58 and a 52 week high of $42.70.
Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.34. Koppers Holdings had a negative net margin of 4.42% and a positive return on equity of 1,225.00%. The company earned $371.10 million during the quarter, compared to the consensus estimate of $373.40 million. During the same quarter last year, the company earned $0.66 earnings per share. Koppers Holdings’s revenue for the quarter was down 14.5% on a year-over-year basis. Analysts predict that Koppers Holdings will post $2.45 EPS for the current fiscal year.
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In other Koppers Holdings news, insider M Leroy Ball sold 3,500 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $38.51, for a total value of $134,785.00. Following the sale, the insider now directly owns 65,177 shares in the company, valued at $2,509,966.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Leslie S. Hyde sold 1,600 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $38.61, for a total value of $61,776.00. Following the completion of the sale, the vice president now owns 24,182 shares in the company, valued at $933,667.02. The disclosure for this sale can be found here. 4.69% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of KOP. SG Americas Securities LLC bought a new stake in Koppers Holdings during the second quarter worth about $109,000. Societe Generale bought a new stake in Koppers Holdings during the second quarter worth about $109,000. Public Employees Retirement System of Ohio boosted its stake in Koppers Holdings by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 3,795 shares of the company’s stock worth $117,000 after buying an additional 38 shares during the last quarter. Mason Street Advisors LLC bought a new stake in Koppers Holdings during the second quarter worth about $124,000. Finally, BlackRock Inc. boosted its stake in Koppers Holdings by 68.9% in the second quarter. BlackRock Inc. now owns 4,147 shares of the company’s stock worth $128,000 after buying an additional 1,692 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.
Koppers Holdings Company Profile
Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry.
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