Koppers Holdings Upgraded by Zacks to “Neutral” (KOP)
Koppers Holdings (NYSE:KOP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Monday, Analyst RN reports. The firm currently has a $38.40 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 0.23% from the company’s current price.
In other Koppers Holdings news, CEO Walter W. Turner bought 5,000 shares of Koppers Holdings stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $37.48 per share, with a total value of $187,400.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Koppers Holdings from $47.00 to $44.00 in a research note on Tuesday, May 6th. Finally, analysts at Oppenheimer raised their price target on shares of Koppers Holdings from $45.00 to $50.00 in a research note on Wednesday, April 16th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.68.
Shares of Koppers Holdings (NYSE:KOP) traded up 2.30% on Monday, hitting $38.31. The stock had a trading volume of 231,944 shares. 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 $41.43 and its 200-day moving average is $42.83. The company has a market cap of $783.6 million and a P/E ratio of 24.75.
Koppers Holdings (NYSE:KOP) last released its earnings data on Monday, May 5th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.22. The company had revenue of $331.40 million for the quarter, compared to the consensus estimate of $380.90 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts expect that Koppers Holdings will post $2.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, July 7th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, May 15th.
Koppers Holdings Inc (NYSE:KOP) is a global provider of carbon compounds and commercial wood treatment products and services.
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