Koppers Holdings Price Target Cut to $45.00 (KOP)
Equities researchers at Oppenheimer lowered their price objective on shares of Koppers Holdings (NYSE:KOP) from $50.00 to $45.00 in a research report issued on Thursday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 17.80% from the company’s current price.
Koppers Holdings (NYSE:KOP) traded up 3.78% during mid-day trading on Thursday, hitting $38.68. The stock had a trading volume of 471,560 shares. Koppers Holdings has a 1-year low of $34.69 and a 1-year high of $49.99. The stock’s 50-day moving average is $42.42 and its 200-day moving average is $42.81. The company has a market cap of $786.4 million and a P/E ratio of 13.48.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.17. The company had revenue of $341.80 million for the quarter, compared to the consensus estimate of $379.07 million. During the same quarter last year, the company posted $0.66 earnings per share. Koppers Holdings’s revenue was down 8.8% compared to the same quarter last year. On average, analysts predict that Koppers Holdings will post $2.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 7th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, February 13th.
Koppers Holdings Inc (NYSE:KOP) is a global provider of carbon compounds and commercial wood treatment products and services.
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