November 29, 2016 - By Marie Mckinney
Trading of Koppers Holdings (NYSE:KOP)‘s shares is going to be interesting today. Wunderlich cut the stock from a “Buy” to a “Hold”.
Out of 5 analysts covering Koppers Holdings (NYSE:KOP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $39 is the highest target while $39 is the lowest. The $39 average target is 1.30% above today’s ($38.5) stock price. Koppers Holdings has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Barrington Research initiated Koppers Holdings Inc. (NYSE:KOP) on Wednesday, June 8 with “Outperform” rating. The stock of Koppers Holdings Inc. (NYSE:KOP) earned “Buy” rating by Monness Crespi & Hardt on Monday, March 14. The stock of Koppers Holdings Inc. (NYSE:KOP) earned “Buy” rating by Jefferies on Tuesday, September 8. The stock of Koppers Holdings Inc. (NYSE:KOP) has “Equal-Weight” rating given on Thursday, October 15 by First Analysis. Wunderlich maintained Koppers Holdings Inc. (NYSE:KOP) rating on Thursday, June 30. Wunderlich has “Buy” rating and $39 price target. The company was upgraded on Friday, August 7 by Zacks. The rating was downgraded by Monness Crespi & Hardt on Monday, July 18 to “Neutral”.
About 19,852 shares traded hands. Koppers Holdings Inc. (NYSE:KOP) has risen 57.80% since April 26, 2016 and is uptrending. It has outperformed by 52.54% the S&P500.
Analysts await Koppers Holdings Inc. (NYSE:KOP) to report earnings on February, 23. They expect $0.26 earnings per share, up 100.00% or $0.13 from last year’s $0.13 per share. KOP’s profit will be $5.25 million for 37.02 P/E if the $0.26 EPS becomes a reality. After $0.99 actual earnings per share reported by Koppers Holdings Inc. for the previous quarter, Wall Street now forecasts -73.74% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.22, from 1.17 in 2016Q1. The ratio improved, as 17 funds sold all Koppers Holdings Inc. shares owned while 36 reduced positions. 19 funds bought stakes while 43 increased positions. They now own 17.31 million shares or 1.50% less from 17.57 million shares in 2016Q1.
Cornerstone Cap Ltd Company last reported 81,577 shares in the company. Globeflex Cap L P last reported 0.38% of its portfolio in the stock. Tower Capital Lc (Trc) reported 2,534 shares or 0.01% of all its holdings. Ameriprise Finance reported 99,495 shares or 0% of all its holdings. Citigroup Inc owns 9,096 shares or 0% of their US portfolio. Great West Life Assurance Can has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Hbk Invs Lp holds 0.01% or 23,344 shares in its portfolio. Jpmorgan Chase And, a New York-based fund reported 173,248 shares. Deutsche Bank Ag accumulated 107,773 shares or 0% of the stock. Manufacturers Life Ins The holds 0% or 13,846 shares in its portfolio. State Street last reported 0% of its portfolio in the stock. Texas Permanent School Fund has 15,768 shares for 0.01% of their US portfolio. Strs Ohio accumulated 150,000 shares or 0.02% of the stock. Moreover, Ladenburg Thalmann Fincl Services Incorporated has 0.01% invested in Koppers Holdings Inc. (NYSE:KOP) for 11,409 shares. State Of New Jersey Common Pension Fund D last reported 0.1% of its portfolio in the stock.
Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 5 sales for $462,159 net activity. The insider Reeder Stephen C bought 1,330 shares worth $50,168. $218,512 worth of Koppers Holdings Inc. (NYSE:KOP) was sold by Lacy Steven R on Tuesday, August 9. 2,850 shares were sold by Hyde Leslie S, worth $92,568. Loadman Thomas D also sold $29,712 worth of Koppers Holdings Inc. (NYSE:KOP) on Friday, November 18. Feng Xudong sold $15,895 worth of Koppers Holdings Inc. (NYSE:KOP) on Thursday, August 18.
Koppers Holdings Inc. is an integrated global well-known provider of treated wood products, wood treatment chemicals and carbon compounds. The company has a market cap of $777.78 million. The Firm operates through three business divisions: Railroad and Utility Products and Services , Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). It currently has negative earnings. 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.
According to Zacks Investment Research, “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.”
Koppers Holdings Inc., incorporated on November 12, 2004, is an integrated well-known provider of treated wood products, wood treatment chemicals and carbon compounds. The Firm operates through three business divisions: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Company’s services and products are used in a range of range of markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber and construction industries. The Company’s manufacturing facilities located in North America, South America, Australasia, China and Europe. The Firm holds interest in Tangshan Koppers Kailuan Carbon Chemical Company, a coal tar distillation facility located in China in the Hebei Province near the Jingtang Port.
More news for Koppers Holdings Inc. (NYSE:KOP) were recently published by: Prnewswire.com, which released: “Koppers Holdings Inc. Reports Third Quarter 2016 Results” on November 03, 2016. Prnewswire.com‘s article titled: “Koppers Holdings Inc. Announces Contract Extension to 2021 with Norfolk Southern” and published on October 25, 2016 is yet another important article.
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