November 29, 2016 - By Ruchi Gupta
Wunderlich lowered shares of Koppers Holdings (NYSE:KOP) from a “Buy” rating to a “Hold” rating in a a note shared with investors on Tuesday morning.
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 -0.89% below today’s ($39.35) stock price. Koppers Holdings has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Jefferies to “Buy” on Tuesday, September 8. The company was initiated on Wednesday, June 8 by Barrington Research. The company was downgraded on Thursday, October 15 by First Analysis. As per Thursday, June 30, the company rating was maintained by Wunderlich. The firm has “Buy” rating by Monness Crespi & Hardt given on Monday, March 14. Zacks upgraded the shares of KOP in a report on Friday, August 7 to “Sell” rating. Monness Crespi & Hardt downgraded Koppers Holdings Inc. (NYSE:KOP) on Monday, July 18 to “Neutral” rating.
About 43,856 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 EPS, up 100.00% or $0.13 from last year’s $0.13 per share. KOP’s profit will be $5.25M for 37.84 P/E if the $0.26 EPS becomes a reality. After $0.99 actual EPS 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.
Kennedy Capital Management Inc owns 225,209 shares or 0.14% of their US portfolio. Retail Bank Of America Corporation De last reported 235,727 shares in the company. Federated Invsts Pa owns 10,903 shares or 0% of their US portfolio. Janney Montgomery Scott Ltd Co holds 12,970 shares or 0% of its portfolio. Creative Planning holds 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP) for 1,109 shares. Royal Retail Bank Of Canada last reported 1.19M shares in the company. Mutual Of America Limited Liability Company holds 0% or 3,100 shares in its portfolio. Millennium Ltd Company accumulated 0% or 8,325 shares. Moreover, Martingale Asset Limited Partnership has 0.02% invested in Koppers Holdings Inc. (NYSE:KOP) for 36,164 shares. Boston Limited Liability Corporation holds 18,070 shares or 0.01% of its portfolio. Price T Rowe Associates Md reported 12,963 shares or 0% of all its holdings. Horrell Cap Mngmt Incorporated owns 94 shares or 0% of their US portfolio. Clarivest Asset Mgmt Limited Liability Co accumulated 15,719 shares or 0.01% of the stock. Putnam Invs Ltd Llc holds 218,846 shares or 0.02% of its portfolio. Barnett, a Tennessee-based fund reported 10,300 shares.
Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 5 sales for $462,159 net activity. Shares for $15,895 were sold by Feng Xudong on Thursday, August 18. The insider Reeder Stephen C bought $50,168. Shares for $29,712 were sold by Loadman Thomas D. Another trade for 6,670 shares valued at $218,512 was sold by Lacy Steven R. Hyde Leslie S also sold $92,568 worth of Koppers Holdings Inc. (NYSE:KOP) on Wednesday, August 31.
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 $794.95 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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By Ruchi Gupta