Today’s Rating On Watch: Koppers Holdings Inc (NYSE:KOP) Gets Lower Rating From Wunderlich. What Is The Stock Target?

November 29, 2016 - By Ellis Scott

Today's Rating On Watch: Koppers Holdings Inc (NYSE:KOP) Gets Lower Rating From Wunderlich. What Is The Stock Target?

Koppers Holdings Inc (NYSE:KOP) Downgrade

Stock research analysts at Wunderlich’s equity division decreased Koppers Holdings Inc (NYSE:KOP)‘s stock rating from “Buy” to “Hold” on 29 November.

Koppers Holdings Inc. (NYSE:KOP) Ratings Coverage

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 0.44% above today’s ($38.83) stock price. Koppers Holdings has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Zacks upgraded Koppers Holdings Inc. (NYSE:KOP) on Friday, August 7 to “Sell” rating. Monness Crespi & Hardt downgraded the shares of KOP in a report on Monday, July 18 to “Neutral” rating. The stock of Koppers Holdings Inc. (NYSE:KOP) has “Buy” rating given on Thursday, June 30 by Wunderlich. On Thursday, October 15 the stock rating was downgraded by First Analysis to “Equal-Weight”. The firm has “Outperform” rating given on Wednesday, June 8 by Barrington Research. The firm has “Buy” rating given on Tuesday, September 8 by Jefferies. The firm earned “Buy” rating on Monday, March 14 by Monness Crespi & Hardt.

About 110,257 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 $5.24 million for 37.34 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 2016 Q2. Its up 0.22, from 1.17 in 2016Q1. The ratio is positive, 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.

Sg Americas Securities Limited Liability Company accumulated 0% or 3,562 shares. Northern Trust holds 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP) for 295,341 shares. Nj State Employees Deferred Compensation Plan has 20,000 shares for 0.13% of their US portfolio. Moreover, Blackrock Fund Advsr has 0.01% invested in Koppers Holdings Inc. (NYSE:KOP) for 1.38M shares. Ls Inv Lc holds 0% or 701 shares in its portfolio. Ameriprise Financial Inc has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Renaissance Tech Ltd Company, a New York-based fund reported 68,800 shares. Tower Rech Cap Limited Co (Trc) last reported 0.01% of its portfolio in the stock. The Massachusetts-based Boston Ltd has invested 0.01% in Koppers Holdings Inc. (NYSE:KOP). Gsa Cap Prtn Ltd Liability Partnership owns 61,614 shares or 0.1% of their US portfolio. Da Davidson And has 0% invested in the company for 528 shares. State Of New Jersey Common Pension Fund D holds 730,000 shares or 0.1% of its portfolio. D E Shaw Inc owns 43,658 shares or 0% of their US portfolio. Bridgeway Capital Management reported 18,300 shares or 0.01% of all its holdings. Horrell Management holds 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP) for 94 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 5 sales for $462,159 net activity. $11,965 worth of shares were bought by Reeder Stephen C on Tuesday, May 31. On Friday, November 18 the insider Loadman Thomas D sold $29,712. Lacy Steven R sold 6,670 shares worth $218,512. 2,850 Koppers Holdings Inc. (NYSE:KOP) shares with value of $92,568 were sold by Hyde Leslie S. Feng Xudong sold 500 shares worth $15,895.

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 $782.83 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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