Rating Worth Mentioning Today: Wunderlich Securities Gives Koppers Holdings (KOP) Lower Rating. What Is Next?

November 29, 2016 - By Nellie Frank

Rating Worth Mentioning Today: Wunderlich Securities Gives Koppers Holdings (KOP) Lower Rating. What Is Next?

Koppers Holdings (KOP) Downgrade

Wunderlich Securities has downgraded Koppers Holdings (KOP) stock to Hold in a an analyst note sent to investors and clients on Tuesday, 29 November. KOP’s old rating was Buy.

About 26,019 shares traded hands. Koppers Holdings Inc. (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 $5.25M for 37.16 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.

Deutsche Bancorporation Ag has 0% invested in the company for 107,773 shares. Principal Fincl Incorporated holds 145,113 shares or 0.01% of its portfolio. Eam Ltd Liability has invested 0.15% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Voya Invest Ltd Liability last reported 0% of its portfolio in the stock. Comerica Financial Bank accumulated 0.02% or 57,280 shares. Jpmorgan Chase & Com owns 173,248 shares or 0% of their US portfolio. Bnp Paribas Arbitrage accumulated 0% or 6,438 shares. Martingale Asset Mngmt Limited Partnership has 36,164 shares for 0.02% of their US portfolio. American Group Incorporated accumulated 15,185 shares or 0% of the stock. Moreover, Kennedy Mngmt Inc has 0.14% invested in Koppers Holdings Inc. (NYSE:KOP) for 225,209 shares. Lsv Asset has 0% invested in the company for 28,765 shares. Barclays Plc holds 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP) for 20,630 shares. Peak6 Investments L P has 2,072 shares for 0% of their US portfolio. Clearbridge Invests Ltd Liability Corporation accumulated 91,115 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP).

Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 5 sales for $462,159 net activity. Reeder Stephen C bought $11,965 worth of Koppers Holdings Inc. (NYSE:KOP) on Tuesday, May 31. Feng Xudong sold $15,895 worth of stock or 500 shares. The insider Lacy Steven R sold $218,512. Loadman Thomas D also sold $29,712 worth of Koppers Holdings Inc. (NYSE:KOP) on Friday, November 18. On Wednesday, August 31 Hyde Leslie S sold $92,568 worth of the stock or 2,850 shares.

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 $780.81 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.”

KOP Company Profile

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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