Koppers Holdings’s “Outperform” Rating Reaffirmed at Oppenheimer (KOP)
Koppers Holdings (NYSE:KOP)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Oppenheimer in a research note issued to investors on Friday. They currently have a $45.00 target price on the stock, down from their previous target price of $50.00. Oppenheimer’s price objective would indicate a potential upside of 28.50% from the company’s current price.
Shares of Koppers Holdings (NYSE:KOP) opened at 35.02 on Friday. Koppers Holdings has a 52 week low of $34.68 and a 52 week high of $49.99. The stock’s 50-day moving average is $37.12 and its 200-day moving average is $39.00. The company has a market cap of $768.3 million and a price-to-earnings ratio of 38.61.
Koppers Holdings (NYSE:KOP) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.22. The company had revenue of $356.80 million for the quarter, compared to the consensus estimate of $391.30 million. During the same quarter last year, the company posted $0.69 earnings per share. Koppers Holdings’s revenue was down 3.8% compared to the same quarter last year. On average, analysts predict that Koppers Holdings will post $2.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 6th. Shareholders of record on Monday, August 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, August 14th.
Separately, analysts at Zacks upgraded shares of Koppers Holdings from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $37.40 price target on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Koppers Holdings currently has an average rating of “Buy” and an average target price of $44.35.
Koppers Holdings Inc (NYSE:KOP) is a global provider of carbon compounds and commercial wood treatment products and services.
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