News coverage about Koppers Holdings (NYSE:KOP) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Koppers Holdings earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the specialty chemicals company an impact score of 47.1531897320152 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Koppers Holdings Inc. (KOP) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- ETFs with exposure to Koppers Holdings, Inc. : July 14, 2017 (finance.yahoo.com)
- Brokers Set Expectations for Koppers Holdings Inc.’s FY2017 Earnings (NYSE:KOP) (americanbankingnews.com)
- Koppers Holdings, Inc. breached its 50 day moving average in a Bullish Manner : KOP-US : July 13, 2017 (finance.yahoo.com)
KOP has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Wednesday, July 12th. Wunderlich raised shares of 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. Jefferies Group LLC lowered shares of Koppers Holdings from a “buy” rating to a “hold” rating and reduced their price target for the stock from $48.00 to $40.00 in a research report on Wednesday, May 31st. FBR & Co reissued an “outperform” rating and set a $44.00 price target on shares of Koppers Holdings in a research report on Tuesday, July 11th. Finally, Barrington Research raised their price target on shares of Koppers Holdings from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.60.
Koppers Holdings (NYSE:KOP) opened at 37.65 on Wednesday. The stock has a market capitalization of $783.35 million, a price-to-earnings ratio of 23.14 and a beta of 0.98. Koppers Holdings has a 12-month low of $28.54 and a 12-month high of $45.85. The stock’s 50 day moving average is $35.81 and its 200 day moving average is $39.93.
Koppers Holdings (NYSE:KOP) last released its quarterly earnings results on Friday, May 5th. The specialty chemicals company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.33. Koppers Holdings had a return on equity of 217.62% and a net margin of 2.47%. The business had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $327.10 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that Koppers Holdings will post $2.92 EPS for the current fiscal year.
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 transaction of $105,030.00. Following the completion of the sale, the senior vice president now 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 stock was sold at an average price of $38.92, for a total value of $389,200.00. Following the sale, the senior vice president now owns 48,927 shares of the company’s stock, valued at approximately $1,904,238.84. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
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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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