Cooper-Standard Holdings Inc. (CPS) Given Average Recommendation of “Hold” by Brokerages
Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $108.33.
A number of brokerages have issued reports on CPS. ValuEngine lowered Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $117.00 price target on shares of Cooper-Standard Holdings in a research note on Wednesday, May 3rd. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $85.00 price target (down from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th.
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In other news, major shareholder Silver Point Capital L.P. sold 43,000 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $109.68, for a total transaction of $4,716,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sharon Wenzl sold 293 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $108.17, for a total value of $31,693.81. Following the sale, the insider now directly owns 1,583 shares of the company’s stock, valued at $171,233.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 425,533 shares of company stock valued at $45,953,892. 3.90% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Cooper-Standard Holdings by 9.6% in the fourth quarter. State Street Corp now owns 344,101 shares of the auto parts company’s stock valued at $35,571,000 after buying an additional 30,061 shares in the last quarter. New York State Teachers Retirement System raised its stake in Cooper-Standard Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,060 shares of the auto parts company’s stock valued at $1,454,000 after buying an additional 100 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Cooper-Standard Holdings during the fourth quarter valued at $289,000. Thrivent Financial for Lutherans raised its stake in Cooper-Standard Holdings by 7.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,540 shares of the auto parts company’s stock valued at $986,000 after buying an additional 700 shares in the last quarter. Finally, Norges Bank bought a new stake in Cooper-Standard Holdings during the fourth quarter valued at $28,537,000. 94.40% of the stock is owned by institutional investors and hedge funds.
Shares of Cooper-Standard Holdings (CPS) traded down 3.13% during trading on Friday, reaching $103.41. The company had a trading volume of 132,816 shares. Cooper-Standard Holdings has a 12 month low of $82.50 and a 12 month high of $118.59. The stock has a market capitalization of $1.85 billion, a PE ratio of 13.00 and a beta of 0.73. The stock’s 50-day moving average price is $104.63 and its 200-day moving average price is $107.71.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings data on Thursday, May 4th. The auto parts company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.43. Cooper-Standard Holdings had a return on equity of 28.80% and a net margin of 4.27%. The business had revenue of $902.05 million during the quarter, compared to analyst estimates of $866.38 million. Equities analysts forecast that Cooper-Standard Holdings will post $10.85 earnings per share for the current fiscal year.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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