Cooper-Standard Holdings Inc. (CPS) Downgraded by Jefferies Group to Hold
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by equities research analysts at Jefferies Group to a “hold” rating in a report released on Wednesday.
Several other research firms have also commented on CPS. Buckingham Research lowered shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and upped their price target for the stock from $101.00 to $105.00 in a research report on Tuesday, September 27th. Roth Capital set a $115.00 price target on shares of Cooper-Standard Holdings and gave the stock a “buy” rating in a research report on Sunday, September 18th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $99.00 target price (up previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Saturday, October 8th. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 10th. Finally, Seaport Global Securities assumed coverage on shares of Cooper-Standard Holdings in a research report on Tuesday, August 9th. They issued a “buy” rating and a $108.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Cooper-Standard Holdings has a consensus rating of “Hold” and a consensus target price of $102.43.
Cooper-Standard Holdings (NYSE:CPS) opened at 95.31 on Wednesday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 14.07 and a beta of 0.62. The stock has a 50 day moving average of $100.69 and a 200-day moving average of $88.58. Cooper-Standard Holdings has a 52-week low of $63.00 and a 52-week 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 EPS for the quarter, topping the consensus estimate of $2.24 by $0.61. The business earned $879.30 million during the quarter, compared to analyst estimates of $875.98 million. Cooper-Standard Holdings had a net margin of 3.68% and a return on equity of 31.20%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts expect that Cooper-Standard Holdings will post $10.18 EPS for the current year.
In other news, major shareholder Silver Point Capital L.P. sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $100.66, for a total transaction of $2,013,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $87.01, for a total value of $62,253,305.73. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the company. Teachers Advisors Inc. boosted its stake in shares of Cooper-Standard Holdings by 13.4% in the first quarter. Teachers Advisors Inc. now owns 22,120 shares of the company’s stock worth $1,589,000 after buying an additional 2,616 shares in the last quarter. Prudential Financial Inc. boosted 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 worth $3,463,000 after buying an additional 25,564 shares during the period. BlackRock Group LTD boosted 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 worth $846,000 after buying an additional 4,934 shares during the period. UBS Group AG boosted its stake in Cooper-Standard Holdings by 9.4% in the first quarter. UBS Group AG now owns 109,934 shares of the company’s stock worth $7,897,000 after buying an additional 9,469 shares during the period. Finally, Nicholas Investment Partners LP boosted its stake in Cooper-Standard Holdings by 21.4% in the first quarter. Nicholas Investment Partners LP now owns 61,949 shares of the company’s stock worth $4,450,000 after buying an additional 10,935 shares during the period. 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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