Koppers Holdings Inc. (KOP) Receives Consensus Rating of “Buy” from Analysts
Koppers Holdings Inc. (NYSE:KOP) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $45.40.
A number of analysts have recently issued reports on KOP shares. Zacks Investment Research cut Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Barrington Research boosted their price objective on Koppers Holdings from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Wunderlich upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, June 28th. TheStreet upgraded Koppers Holdings from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, ValuEngine upgraded Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 1st.
In related news, SVP Thomas D. Loadman sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $38.92, for a total value of $389,200.00. Following the sale, the senior vice president now owns 48,927 shares of the company’s stock, valued at approximately $1,904,238.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Thomas D. Loadman sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $35.01, for a total value of $105,030.00. Following the completion of the sale, the senior vice president now directly owns 35,927 shares in the company, valued at approximately $1,257,804.27. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Koppers Holdings by 7.2% in the second quarter. Vanguard Group Inc. now owns 2,627,991 shares of the specialty chemicals company’s stock valued at $95,002,000 after buying an additional 176,347 shares in the last quarter. BlackRock Inc. raised its stake in shares of Koppers Holdings by 32,452.7% in the first quarter. BlackRock Inc. now owns 2,529,668 shares of the specialty chemicals company’s stock valued at $107,130,000 after buying an additional 2,521,897 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Koppers Holdings by 25.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the specialty chemicals company’s stock valued at $32,535,000 after buying an additional 180,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Koppers Holdings by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 624,177 shares of the specialty chemicals company’s stock valued at $22,564,000 after buying an additional 13,383 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Koppers Holdings by 4.2% in the second quarter. Northern Trust Corp now owns 326,153 shares of the specialty chemicals company’s stock valued at $11,791,000 after buying an additional 13,077 shares in the last quarter. 90.18% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Koppers Holdings (NYSE KOP) opened at 38.75 on Friday. The firm has a market cap of $803.87 million, a P/E ratio of 19.73 and a beta of 0.97. Koppers Holdings has a 12 month low of $28.54 and a 12 month high of $45.85. The firm has a 50-day moving average of $36.93 and a 200 day moving average of $39.60.
Koppers Holdings (NYSE:KOP) last released its quarterly earnings data 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 business had revenue of $378 million for the quarter, compared to analysts’ expectations of $369 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. Koppers Holdings’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts anticipate that Koppers Holdings will post $3.24 EPS for the current fiscal year.
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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