Zacks Downgrades Koppers Holdings to Underperform (KOP)
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.
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