Share on StockTwits

Koppers Holdings (NYSE:KOP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday. They currently have a $34.80 price objective on the stock. Zacks‘s price objective would indicate a potential downside of 4.97% from the company’s current price.

Separately, analysts at Oppenheimer reiterated an “outperform” rating on shares of Koppers Holdings in a research note on Friday, August 8th. They now have a $45.00 price target on the stock, down previously from $50.00. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.70.

Shares of Koppers Holdings (NYSE:KOP) traded down 0.19% on Thursday, hitting $36.55. 16,970 shares of the company’s stock traded hands. 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 $36.11 and its 200-day moving average is $38.5. The company has a market cap of $749.1 million and a price-to-earnings ratio of 40.29.

Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data 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. Analysts expect that Koppers Holdings will post $2.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, October 6th. Stockholders of record on Monday, August 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 2.73%. The ex-dividend date of this dividend is Thursday, August 14th.

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

To get a free copy of the research report on Koppers Holdings (KOP), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.