Analysts Set Koppers Holdings Inc. (KOP) Target Price at $38.67
Koppers Holdings Inc. (NYSE:KOP) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $39.00.
KOP has been the topic of several recent research reports. Wunderlich increased their target price on Koppers Holdings from $32.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. Jefferies Group reiterated a “buy” rating on shares of Koppers Holdings in a research report on Wednesday, July 6th. Zacks Investment Research downgraded Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Monness Crespi & Hardt downgraded Koppers Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, July 18th.
In other Koppers Holdings news, VP Leslie S. Hyde sold 2,850 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $32.48, for a total transaction of $92,568.00. Following the sale, the vice president now owns 25,432 shares in the company, valued at $826,031.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven R. Lacy sold 6,670 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $32.76, for a total value of $218,509.20. Following the sale, the vice president now owns 57,788 shares in the company, valued at approximately $1,893,134.88. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Societe Generale purchased a new stake in Koppers Holdings during the second quarter worth $109,000. SG Americas Securities LLC purchased a new stake in Koppers Holdings during the second quarter worth $109,000. Public Employees Retirement System of Ohio increased 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 purchased a new stake in Koppers Holdings during the second quarter worth $124,000. Finally, BlackRock Inc. increased 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 and hedge funds own 88.00% of the company’s stock.
Shares of Koppers Holdings (NYSE:KOP) opened at 31.99 on Tuesday. Koppers Holdings has a 52-week low of $13.58 and a 52-week high of $33.71. The firm has a 50 day moving average price of $31.74 and a 200-day moving average price of $28.78. The company’s market cap is $660.66 million.
Koppers Holdings (NYSE:KOP) last posted its earnings results on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The firm had revenue of $385.10 million for the quarter, compared to the consensus estimate of $395.95 million. Koppers Holdings had a positive return on equity of 251.65% and a negative net margin of 4.37%. The business’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. Equities research analysts anticipate that Koppers Holdings will post $2.14 earnings per share for the current year.
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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