The stock of Koppers Holdings Inc. (NYSE:KOP) hit a new 52-week high and has $51.05 target or 34.00% above today’s $38.10 share price. The 8 months bullish chart indicates low risk for the $785.18 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $51.05 price target is reached, the company will be worth $266.96 million 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 27,888 shares traded hands. Koppers Holdings Inc. (NYSE:KOP) has risen 53.21% since April 19, 2016 and is uptrending. It has outperformed by 49.35% 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. Wunderlich maintained the stock with “Buy” rating in Thursday, June 30 report. As per Tuesday, September 8, the company rating was upgraded by Jefferies. The stock has “Buy” rating given by Monness Crespi & Hardt on Monday, March 14. The firm has “Equal-Weight” rating given on Thursday, October 15 by First Analysis. The firm has “Neutral” rating by Monness Crespi & Hardt given on Monday, July 18. The firm has “Outperform” rating by Barrington Research given on Wednesday, June 8. The firm earned “Sell” rating on Friday, August 7 by Zacks.
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 increased to 1.39 in Q2 2016. Its up 0.22, from 1.17 in 2016Q1. The ratio is positive, 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.
National Bank Of New York Mellon owns 233,827 shares or 0% of their US portfolio. Strs Ohio has 150,000 shares for 0.02% of their US portfolio. Voya Invest Limited Liability Company accumulated 9,399 shares or 0% of the stock. South Dakota Investment Council has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Boston Advsrs Ltd Liability Com last reported 18,070 shares in the company. Bridgeway Capital Mgmt Inc last reported 18,300 shares in the company. Moreover, Wynnefield Inc has 3.4% invested in Koppers Holdings Inc. (NYSE:KOP) for 305,943 shares. Alliancebernstein Lp last reported 0% of its portfolio in the stock. Moreover, Janney Montgomery Scott Ltd Liability has 0% invested in Koppers Holdings Inc. (NYSE:KOP) for 12,970 shares. Amer Century Cos has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Vanguard Gru owns 2.14 million shares or 0% of their US portfolio. Creative Planning holds 1,109 shares or 0% of its portfolio. Northern owns 295,341 shares or 0% of their US portfolio. Clarivest Asset Mgmt Ltd Liability holds 15,719 shares or 0.01% of its portfolio. Manufacturers Life Insur Co The has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP).
Insider Transactions: Since May 23, 2016, the stock had 1 insider buy, and 3 sales for $315,010 net activity. 4,100 shares with value of $101,188 were bought by TESTONI LOUIS L on Monday, May 23. Lacy Steven R sold 6,670 shares worth $218,512. 4,551 shares were sold by Spiess Markus G, worth $114,503 on Tuesday, May 24. Another trade for 475 shares valued at $11,965 was made by Reeder Stephen C on Tuesday, May 31. 500 shares were sold by Feng Xudong, worth $15,895. Hyde Leslie S sold 2,850 shares worth $92,568.
More recent Koppers Holdings Inc. (NYSE:KOP) news were published by: Prnewswire.com which released: “Koppers Holdings Inc. Reports Third Quarter 2016 Results” on November 03, 2016. Also Prnewswire.com published the news titled: “Koppers Holdings Inc. Announces Contract Extension to 2021 with Norfolk Southern” on October 25, 2016. Quotes.Wsj.com‘s news article titled: “News Koppers Holdings Inc.KOP” with publication date: February 11, 2011 was also an interesting one.
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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