Cooper-Standard Holdings Inc. (CPS) Rating Reiterated by Goldman Sachs Group Inc.
Cooper-Standard Holdings Inc. (NYSE:CPS)‘s stock had its “neutral” rating reissued by stock analysts at Goldman Sachs Group Inc. in a report released on Saturday. They currently have a $99.00 price objective on the stock, up from their prior price objective of $94.00. Goldman Sachs Group Inc.’s price objective points to a potential downside of 1.94% from the stock’s previous close.
CPS has been the topic of several other research reports. Roth Capital set a $115.00 target price on shares of Cooper-Standard Holdings and gave the stock a “buy” rating in a research note on Sunday, September 18th. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “hold” rating to a “strong-buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, August 3rd. Jefferies Group lowered their target price on shares of Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Seaport Global Securities began coverage on shares of Cooper-Standard Holdings in a research note on Tuesday, August 9th. They set a “buy” rating and a $108.00 target price on the stock. Finally, Bank of America Corp. cut shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Cooper-Standard Holdings presently has a consensus rating of “Buy” and a consensus target price of $102.43.
Cooper-Standard Holdings (NYSE:CPS) opened at 100.96 on Friday. The company has a 50-day moving average of $100.85 and a 200 day moving average of $87.16. The stock has a market cap of $1.75 billion, a P/E ratio of 14.90 and a beta of 0.62. Cooper-Standard Holdings has a 1-year low of $62.97 and a 1-year high of $107.94.
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Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, July 28th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.61. Cooper-Standard Holdings had a net margin of 3.68% and a return on equity of 31.20%. The firm had revenue of $879.30 million for the quarter, compared to analysts’ expectations of $875.98 million. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts predict that Cooper-Standard Holdings will post $10.18 EPS for the current year.
In other Cooper-Standard Holdings news, insider Sharon Wenzl sold 447 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $97.13, for a total value of $43,417.11. Following the transaction, the insider now owns 825 shares of the company’s stock, valued at $80,132.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $87.01, for a total transaction of $62,253,305.73. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Clark Capital Management Group Inc. boosted its position in Cooper-Standard Holdings by 0.4% in the first quarter. Clark Capital Management Group Inc. now owns 8,320 shares of the company’s stock worth $598,000 after buying an additional 34 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Cooper-Standard Holdings by 68.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 41,280 shares of the company’s stock worth $2,966,000 after buying an additional 16,770 shares during the last quarter. Renaissance Technologies LLC boosted its position in Cooper-Standard Holdings by 80.6% in the first quarter. Renaissance Technologies LLC now owns 183,600 shares of the company’s stock worth $13,190,000 after buying an additional 81,946 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in Cooper-Standard Holdings by 399.3% in the first quarter. Kennedy Capital Management Inc. now owns 49,978 shares of the company’s stock worth $3,590,000 after buying an additional 39,968 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Cooper-Standard Holdings by 131.9% in the first quarter. Goldman Sachs Group Inc. now owns 11,423 shares of the company’s stock worth $821,000 after buying an additional 6,498 shares during the last quarter. 96.91% of the stock is currently owned by institutional investors.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
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