Cooper-Standard Holdings Inc. (CPS) Downgraded by Zacks Investment Research to “Hold”
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan. “
A number of other brokerages have also recently commented on CPS. Goldman Sachs Group Inc. initiated coverage on Cooper-Standard Holdings in a research note on Tuesday, June 14th. They set a “neutral” rating and a $95.00 price objective for the company. Bank of America Corp. lowered Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 21st. Buckingham Research lowered Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $101.00 to $105.00 in a report on Tuesday, September 27th. Seaport Global Securities began coverage on Cooper-Standard Holdings in a report on Tuesday, August 9th. They set a “buy” rating and a $108.00 target price on the stock. Finally, Roth Capital began coverage on Cooper-Standard Holdings in a report on Wednesday, July 6th. They set a “buy” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $102.43.
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Shares of Cooper-Standard Holdings (NYSE:CPS) traded down 0.46% on Monday, hitting $100.50. The stock had a trading volume of 147,613 shares. The firm’s 50 day moving average is $100.85 and its 200-day moving average is $87.16. Cooper-Standard Holdings has a one year low of $62.97 and a one year high of $107.94. The stock has a market capitalization of $1.74 billion, a PE ratio of 14.83 and a beta of 0.62.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The business earned $879.30 million during the quarter, compared to analysts’ expectations of $875.98 million. Cooper-Standard Holdings’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts expect that Cooper-Standard Holdings will post $10.18 earnings per share for the current fiscal year.
In related news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $87.01, for a total transaction of $62,253,305.73. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Keith Dwayne Stephenson sold 42,940 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $98.03, for a total value of $4,209,408.20. Following the sale, the vice president now owns 31,788 shares in the company, valued at approximately $3,116,177.64. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. raised its stake 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 valued at $3,590,000 after buying an additional 39,968 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake 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 valued at $2,966,000 after buying an additional 16,770 shares during the last quarter. Zebra Capital Management LLC raised its stake in Cooper-Standard Holdings by 30.4% in the first quarter. Zebra Capital Management LLC now owns 26,153 shares of the company’s stock valued at $1,879,000 after buying an additional 6,104 shares during the last quarter. BlackRock Group LTD raised its stake in Cooper-Standard Holdings by 72.2% in the first quarter. BlackRock Group LTD now owns 11,770 shares of the company’s stock valued at $846,000 after buying an additional 4,934 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Cooper-Standard Holdings by 112.9% in the first quarter. Prudential Financial Inc. now owns 48,214 shares of the company’s stock valued at $3,463,000 after buying an additional 25,564 shares during the last quarter. Institutional investors and hedge funds 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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