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Koppers Holdings (NYSE:KOP) was upgraded by research analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a report released on Tuesday, American Banking reports. The firm currently has a $51.00 price objective on the stock, up from their previous price objective of $42.00. Monness Crespi & Hardt’s price target indicates a potential upside of 18.33% from the stock’s previous close.

Shares of Koppers Holdings (NYSE:KOP) traded up 0.06% during mid-day trading on Tuesday, hitting $43.818. 99,063 shares of the company’s stock traded hands. Koppers Holdings has a 52 week low of $34.69 and a 52 week high of $49.99. The stock’s 50-day moving average is $40.64 and its 200-day moving average is $42.99. The company has a market cap of $904.1 million and a price-to-earnings ratio of 22.63.

Koppers Holdings (NYSE:KOP) last released its earnings data on Thursday, February 13th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts expect that Koppers Holdings will post $2.94 EPS for the current fiscal year.

KOP has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Koppers Holdings from $50.00 to $42.00 in a research note on Thursday, February 20th. Separately, analysts at Zacks downgraded shares of Koppers Holdings from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 20th. They now have a $35.90 price target on the stock. Finally, analysts at TheStreet downgraded shares of Koppers Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.78.

Koppers Holdings Inc (NYSE:KOP) is a global provider of carbon compounds and commercial wood treatment products and services.

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