Shares of Koppers Holdings Inc. (NYSE:KOP) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $45.75.

A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Koppers Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. FBR & Co reissued an “outperform” rating and issued a $44.00 price objective on shares of Koppers Holdings in a report on Tuesday, July 11th. Jefferies Group LLC downgraded Koppers Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $48.00 to $40.00 in a report on Wednesday, May 31st. Wunderlich raised Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Wednesday, June 28th. Finally, Barrington Research increased their price objective on Koppers Holdings from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, May 8th.

Shares of Koppers Holdings (NYSE:KOP) opened at 37.45 on Tuesday. The firm has a 50-day moving average of $36.30 and a 200-day moving average of $40.37. The firm has a market capitalization of $779.18 million, a PE ratio of 23.02 and a beta of 0.98. Koppers Holdings has a 1-year low of $28.54 and a 1-year high of $45.85.

Koppers Holdings (NYSE:KOP) last released its quarterly earnings results on Friday, May 5th. The specialty chemicals company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.33. Koppers Holdings had a return on equity of 217.62% and a net margin of 2.47%. The firm had revenue of $346.60 million during the quarter, compared to the consensus estimate of $327.10 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Koppers Holdings will post $2.92 EPS for the current fiscal year.

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In other news, SVP Thomas D. Loadman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $38.92, for a total value of $389,200.00. Following the completion of the sale, the senior vice president now owns 48,927 shares of the company’s stock, valued at approximately $1,904,238.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Thomas D. Loadman sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $35.01, for a total value of $105,030.00. Following the completion of the sale, the senior vice president now directly owns 35,927 shares of the company’s stock, valued at approximately $1,257,804.27. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in shares of Koppers Holdings by 0.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,902 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 18 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Koppers Holdings by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the specialty chemicals company’s stock valued at $356,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Koppers Holdings by 0.9% in the first quarter. Arizona State Retirement System now owns 10,786 shares of the specialty chemicals company’s stock valued at $457,000 after buying an additional 100 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Koppers Holdings by 1.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the specialty chemicals company’s stock valued at $263,000 after buying an additional 100 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Koppers Holdings by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,104 shares of the specialty chemicals company’s stock valued at $216,000 after buying an additional 104 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Koppers Holdings Company Profile

Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

Analyst Recommendations for Koppers Holdings (NYSE:KOP)

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