Koppers Holdings Inc. (NYSE:KOP) – Investment analysts at Jefferies Group lifted their FY2017 earnings per share estimates for shares of Koppers Holdings in a report issued on Thursday. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings of $3.15 per share for the year, up from their prior estimate of $2.95. Jefferies Group has a “Hold” rating and a $40.00 price objective on the stock. Jefferies Group also issued estimates for Koppers Holdings’ Q4 2017 earnings at $0.41 EPS, FY2018 earnings at $3.45 EPS and FY2019 earnings at $3.75 EPS.
A number of other equities research analysts have also issued reports on KOP. Wunderlich upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Wednesday, June 28th. ValuEngine upgraded Koppers Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 1st. Barrington Research upped their price target on Koppers Holdings from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, May 8th. Zacks Investment Research upgraded Koppers Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, May 3rd. Finally, FBR & Co restated an “outperform” rating and issued a $44.00 price target on shares of Koppers Holdings in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.40.
Koppers Holdings (KOP) opened at 39.45 on Monday. The stock has a 50 day moving average price of $36.16 and a 200-day moving average price of $39.69. Koppers Holdings has a one year low of $28.54 and a one year high of $45.85. The stock has a market cap of $820.80 million, a PE ratio of 24.25 and a beta of 0.97.
Koppers Holdings (NYSE:KOP) last announced its earnings results on Thursday, August 3rd. The specialty chemicals company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.26. The firm had revenue of $378 million during the quarter, compared to analysts’ expectations of $369 million. Koppers Holdings had a return on equity of 153.51% and a net margin of 3.02%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS.
In other news, SVP Thomas D. Loadman sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was 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 in the company, valued at $1,257,804.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas D. Loadman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were 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 $1,904,238.84. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of KOP. Norges Bank bought a new stake in Koppers Holdings during the fourth quarter worth about $7,154,000. Teachers Advisors LLC raised its stake in Koppers Holdings by 473.0% in the fourth quarter. Teachers Advisors LLC now owns 184,124 shares of the specialty chemicals company’s stock worth $7,420,000 after buying an additional 151,992 shares during the period. Highbridge Capital Management LLC bought a new stake in Koppers Holdings during the fourth quarter worth about $594,000. Bank of Montreal Can raised its stake in Koppers Holdings by 7.6% in the first quarter. Bank of Montreal Can now owns 73,132 shares of the specialty chemicals company’s stock worth $3,097,000 after buying an additional 5,165 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in 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 worth $356,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 90.18% of the company’s stock.
About Koppers Holdings
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.
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