Koppers Holdings Inc. (NYSE:KOP)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a research report issued to clients and investors on Thursday. They currently have a $55.00 price objective on the specialty chemicals company’s stock. Barrington Research’s target price would suggest a potential upside of 35.14% from the company’s previous close. Barrington Research also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $3.24 EPS, Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.75 EPS.

Other analysts have also recently issued reports about the company. TheStreet raised Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Wunderlich raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, June 28th. Zacks Investment Research raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, July 12th. Jefferies Group LLC cut Koppers Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $48.00 to $40.00 in a research report on Wednesday, May 31st. Finally, FBR & Co reissued an “outperform” rating and issued a $44.00 target price on shares of Koppers Holdings in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $45.40.

Shares of Koppers Holdings (NYSE:KOP) opened at 40.70 on Thursday. Koppers Holdings has a 12-month low of $30.09 and a 12-month high of $45.85. The company’s 50 day moving average price is $38.57 and its 200-day moving average price is $38.96. The firm has a market cap of $844.32 million, a P/E ratio of 20.72 and a beta of 0.97.

Koppers Holdings (NYSE:KOP) last announced its earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.26. The firm had revenue of $378.00 million during the quarter, compared to analysts’ expectations of $369.00 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. On average, equities research analysts anticipate that Koppers Holdings will post $3.24 EPS for the current year.

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Institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in Koppers Holdings by 111.7% during the 1st quarter. US Bancorp DE now owns 2,532 shares of the specialty chemicals company’s stock worth $107,000 after acquiring an additional 1,336 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Koppers Holdings during the 1st quarter worth approximately $112,000. Envestnet Asset Management Inc. lifted its position in Koppers Holdings by 0.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,902 shares of the specialty chemicals company’s stock worth $124,000 after acquiring an additional 18 shares during the period. State of Alaska Department of Revenue lifted its position in Koppers Holdings by 80.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,110 shares of the specialty chemicals company’s stock worth $148,000 after acquiring an additional 1,830 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its position in Koppers Holdings by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock worth $176,000 after acquiring an additional 210 shares during the period. 87.90% of the stock is owned by 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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