Goldman Sachs Group Inc. Reaffirms “Neutral” Rating for Cooper-Standard Holdings Inc. (CPS)
Cooper-Standard Holdings Inc. (NYSE:CPS)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a report issued on Saturday. They currently have a $99.00 target price on the stock, up from their prior target price of $94.00. Goldman Sachs Group Inc.’s price target would indicate a potential downside of 1.94% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Roth Capital set a $115.00 target price on shares of Cooper-Standard Holdings and gave the company a “buy” rating in a report 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 report on Wednesday, August 3rd. Jefferies Group cut 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 report on Monday, August 1st. Seaport Global Securities initiated coverage on shares of Cooper-Standard Holdings in a report on Tuesday, August 9th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Bank of America Corp. lowered shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research report on Tuesday, June 21st. One investment 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. The stock currently has an average rating of “Buy” and a consensus target price of $102.43.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 100.96 on Friday. The firm has a market capitalization of $1.75 billion, a PE ratio of 14.90 and a beta of 0.62. Cooper-Standard Holdings has a 12 month low of $62.97 and a 12 month high of $107.94. The stock has a 50 day moving average of $100.85 and a 200-day moving average of $87.16.
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Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, July 28th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.61. The business had revenue of $879.30 million for the quarter, compared to analysts’ expectations of $875.98 million. Cooper-Standard Holdings had a net margin of 3.68% and a return on equity of 31.20%. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Cooper-Standard Holdings will post $10.18 EPS for the current fiscal year.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 570,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $89.30, for a total transaction of $50,901,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the business’s stock in a transaction on Monday, August 1st. The stock was 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. Company insiders own 3.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in shares of Cooper-Standard Holdings during the first quarter valued at approximately $146,000. Pacad Investment Ltd. bought a new stake in shares of Cooper-Standard Holdings during the second quarter valued at approximately $150,000. PNC Financial Services Group Inc. raised its stake in shares of Cooper-Standard Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the company’s stock valued at $158,000 after buying an additional 156 shares during the last quarter. Paradigm Asset Management Co. LLC raised its stake in shares of Cooper-Standard Holdings by 14.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,400 shares of the company’s stock valued at $190,000 after buying an additional 300 shares during the last quarter. Finally, Walleye Trading LLC raised its stake in shares of Cooper-Standard Holdings by 38.9% in the second quarter. Walleye Trading LLC now owns 2,500 shares of the company’s stock valued at $197,000 after buying an additional 700 shares during the last quarter. Institutional investors own 96.91% of the company’s stock.
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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