Koppers Holdings Inc. (KOP) Stock Rating Lowered by Wunderlich
Koppers Holdings Inc. (NYSE:KOP) was downgraded by analysts at Wunderlich from a “buy” rating to a “hold” rating in a report issued on Tuesday.
KOP has been the topic of several other research reports. Zacks Investment Research upgraded shares of Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Thursday, October 20th. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Koppers Holdings in a research note on Monday, November 7th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.80.
Shares of Koppers Holdings (NYSE:KOP) opened at 38.35 on Tuesday. The company has a 50-day moving average price of $34.76 and a 200 day moving average price of $31.45. Koppers Holdings has a one year low of $13.58 and a one year high of $40.95. The firm’s market capitalization is $792.39 million.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.34. The firm had revenue of $371.10 million for the quarter, compared to analyst estimates of $373.40 million. Koppers Holdings had a negative net margin of 4.42% and a positive return on equity of 1,225.00%. The firm’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. Analysts expect that Koppers Holdings will post $2.45 earnings per share for the current fiscal year.
In other Koppers Holdings news, VP Thomas D. Loadman sold 800 shares of Koppers Holdings stock in a transaction on Friday, November 18th. The shares were sold at an average price of $37.14, for a total transaction of $29,712.00. Following the completion of the sale, the vice president now owns 36,596 shares of the company’s stock, valued at approximately $1,359,175.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Steven R. Lacy sold 4,000 shares of Koppers Holdings stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $38.91, for a total transaction of $155,640.00. Following the sale, the vice president now directly owns 47,118 shares of the company’s stock, valued at approximately $1,833,361.38. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. BlackRock Group LTD raised its stake in shares of Koppers Holdings by 4.8% in the first quarter. BlackRock Group LTD now owns 36,154 shares of the company’s stock worth $812,000 after buying an additional 1,665 shares during the period. Barclays PLC raised its stake in shares of Koppers Holdings by 16,154.1% in the first quarter. Barclays PLC now owns 13,816 shares of the company’s stock worth $304,000 after buying an additional 13,731 shares during the period. Royal Bank of Canada raised its stake in shares of Koppers Holdings by 7.8% in the first quarter. Royal Bank of Canada now owns 1,160,716 shares of the company’s stock worth $26,081,000 after buying an additional 83,702 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Koppers Holdings by 127.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,438 shares of the company’s stock worth $198,000 after buying an additional 3,606 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Koppers Holdings during the second quarter worth about $656,000. 87.43% of the stock is owned by institutional investors.
About Koppers Holdings
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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