The stock of Koppers Holdings Inc. (NYSE:KOP) hit a new 52-week high and has $58.97 target or 62.00% above today’s $36.40 share price. The 7 months bullish chart indicates low risk for the $773.68M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $58.97 price target is reached, the company will be worth $479.68M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 138,320 shares traded hands or 42.70% up from the average. Koppers Holdings Inc. (NYSE:KOP) has risen 62.44% since April 11, 2016 and is uptrending. It has outperformed by 56.30% the S&P500.
Koppers Holdings Inc. (NYSE:KOP) Ratings Coverage
Out of 5 analysts covering Koppers Holdings (NYSE:KOP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Koppers Holdings has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Monness Crespi & Hardt downgraded Koppers Holdings Inc. (NYSE:KOP) on Monday, July 18 to “Neutral” rating. The stock of Koppers Holdings Inc. (NYSE:KOP) has “Buy” rating given on Tuesday, September 8 by Jefferies. The rating was upgraded by Zacks to “Sell” on Friday, August 7. The stock of Koppers Holdings Inc. (NYSE:KOP) earned “Outperform” rating by Barrington Research on Wednesday, June 8. The stock has “Equal-Weight” rating given by First Analysis on Thursday, October 15. The stock of Koppers Holdings Inc. (NYSE:KOP) earned “Buy” rating by Wunderlich on Thursday, June 30. On Monday, March 14 the stock rating was upgraded by Monness Crespi & Hardt to “Buy”.
According to Zacks Investment Research, “Koppers Holdings Inc. is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, Australia, China, the Pacific Rim and South Africa.”
Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.12, from 1.29 in 2016Q1. The ratio is negative, as 17 funds sold all Koppers Holdings Inc. shares owned while 36 reduced positions. 19 funds bought stakes while 43 increased positions. They now own 17.31 million shares or 1.50% less from 17.57 million shares in 2016Q1.
Tower Cap Ltd Liability Co (Trc) accumulated 2,534 shares or 0.01% of the stock. Kennedy Capital Management holds 225,209 shares or 0.14% of its portfolio. Lsv Asset Management accumulated 0% or 28,765 shares. Moreover, Bank & Trust Of New York Mellon Corporation has 0% invested in Koppers Holdings Inc. (NYSE:KOP) for 233,827 shares. Manufacturers Life Ins The accumulated 0% or 13,846 shares. Prudential Fincl holds 0.01% or 231,415 shares in its portfolio. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Moreover, Advsr Asset Management has 0% invested in Koppers Holdings Inc. (NYSE:KOP) for 4,510 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 591 shares. The Pennsylvania-based Janney Montgomery Scott Llc has invested 0% in Koppers Holdings Inc. (NYSE:KOP). Sg Americas Securities Limited Co holds 0% or 3,562 shares in its portfolio. Alliancebernstein L P accumulated 0% or 74,423 shares. Blackrock Fund Advsrs has invested 0.01% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Louisiana State Employees Retirement Sys last reported 0.01% of its portfolio in the stock. Thrivent For Lutherans holds 0.01% or 44,640 shares in its portfolio.
Insider Transactions: Since May 19, 2016, the stock had 3 insider buys, and 4 insider sales for $256,925 net activity. Hyde Leslie S sold $92,568 worth of stock or 2,850 shares. The insider TESTONI LOUIS L bought $101,188. On Tuesday, May 24 Spiess Markus G sold $114,503 worth of the stock or 4,551 shares. Reeder Stephen C had bought 475 shares worth $11,965 on Tuesday, May 31. Another trade for 500 shares valued at $15,895 was made by Feng Xudong on Thursday, August 18. Lacy Steven R also sold $218,512 worth of Koppers Holdings Inc. (NYSE:KOP) on Tuesday, August 9. $71,400 worth of shares were bought by NEUPAVER ALBERT J on Thursday, May 19.
More news for Koppers Holdings Inc. (NYSE:KOP) were recently published by: Prnewswire.com, which released: “Koppers Holdings Inc. Reports Third Quarter 2016 Results” on November 03, 2016. Prnewswire.com‘s article titled: “Koppers Holdings Inc. Announces Contract Extension to 2021 with Norfolk Southern” and published on October 25, 2016 is yet another important article.
KOP Company Profile
Koppers Holdings Inc., incorporated on November 12, 2004, is an integrated well-known provider of treated wood products, wood treatment chemicals and carbon compounds. The Firm operates through three business divisions: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Company’s services and products are used in a range of range of markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber and construction industries. The Company’s manufacturing facilities located in North America, South America, Australasia, China and Europe. The Firm holds interest in Tangshan Koppers Kailuan Carbon Chemical Company, a coal tar distillation facility located in China in the Hebei Province near the Jingtang Port.
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