Stock Worth Mentioning: Could Koppers Holdings Inc. See a Reversal After This Very Weak Session?

Stock Worth Mentioning: Could Koppers Holdings Inc. See a Reversal After This Very Weak Session?

The stock of Koppers Holdings Inc. (NYSE:KOP) is a huge mover today! The stock decreased 5.53% or $1.85 during the last trading session, hitting $31.6. About 246,923 shares traded hands or 245.00% up from the average. Koppers Holdings Inc. (NYSE:KOP) has risen 48.87% since April 4, 2016 and is uptrending. It has outperformed by 47.77% the S&P500.
The move comes after 8 months negative chart setup for the $640.66 million company. It was reported on Nov, 4 by Barchart.com. We have $28.76 PT which if reached, will make NYSE:KOP worth $57.66M less.

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. The stock of Koppers Holdings Inc. (NYSE:KOP) has “Neutral” rating given on Monday, July 18 by Monness Crespi & Hardt. On Wednesday, June 8 the stock rating was initiated by Barrington Research with “Outperform”. The stock of Koppers Holdings Inc. (NYSE:KOP) has “Buy” rating given on Tuesday, September 8 by Jefferies. On Friday, August 7 the stock rating was upgraded by Zacks to “Sell”. On Monday, March 14 the stock rating was upgraded by Monness Crespi & Hardt to “Buy”. First Analysis downgraded Koppers Holdings Inc. (NYSE:KOP) on Thursday, October 15 to “Equal-Weight” rating. Wunderlich maintained it with “Buy” rating and $39 target price in Thursday, June 30 report.

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 Q2 2016. Its down 0.12, from 1.29 in 2016Q1. The ratio turned 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.
Panagora Asset owns 24,644 shares or 0% of their US portfolio. Wellington Management Gp Ltd Liability Partnership holds 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP) for 60,922 shares. Qs Limited Liability Corporation, a New York-based fund reported 77,139 shares. Moreover, Blackrock Limited Company has 0% invested in Koppers Holdings Inc. (NYSE:KOP) for 44,334 shares. Mutual Of America Cap Ltd Llc last reported 0% of its portfolio in the stock. Ls Inv Advsrs Ltd Liability Corporation holds 0% or 701 shares in its portfolio. California State Teachers Retirement System has 42,759 shares for 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Commercial Bank Of New York Mellon Corporation has 233,827 shares for 0% of their US portfolio. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP) for 2,874 shares. Texas Permanent School Fund has 0.01% invested in the company for 15,768 shares. Vanguard Gp has invested 0% of its portfolio in Koppers Holdings Inc. (NYSE:KOP). Putnam Invests Limited Liability Com owns 218,846 shares or 0.02% of their US portfolio. Walleye Trading Ltd Liability Com, a Minnesota-based fund reported 1,600 shares. The New York-based Clearbridge Invests Ltd Company has invested 0% in Koppers Holdings Inc. (NYSE:KOP).

Insider Transactions: Since May 19, 2016, the stock had 3 buys, and 4 selling transactions for $256,925 net activity. Hyde Leslie S sold 2,850 shares worth $92,568. Reeder Stephen C also bought $11,965 worth of Koppers Holdings Inc. (NYSE:KOP) on Tuesday, May 31. On Thursday, May 19 NEUPAVER ALBERT J bought $71,400 worth of the stock or 3,000 shares. Lacy Steven R had sold 6,670 shares worth $218,512. $101,188 worth of Koppers Holdings Inc. (NYSE:KOP) was bought by TESTONI LOUIS L. Another trade for 4,551 shares valued at $114,503 was made by Spiess Markus G on Tuesday, May 24. Feng Xudong had sold 500 shares worth $15,895 on Thursday, August 18.

More important recent Koppers Holdings Inc. (NYSE:KOP) news were published by: Reuters.com which released: “BRIEF-Koppers Holdings Inc Q3 earnings per share $0.58” on November 03, 2016, also Prnewswire.com published article titled: “Koppers Holdings Inc. Announces Contract Extension to 2021 with Norfolk Southern”, Prnewswire.com published: “Koppers Management to Meet with Financial Community at KeyBanc Capital Markets …” on September 13, 2016. More interesting news about Koppers Holdings Inc. (NYSE:KOP) was released by: Zacks.com and their article: “Why Earnings Season Could Be Great for Koppers Holdings (KOP)” with publication date: November 02, 2016.

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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