Q3 2017 Earnings Estimate for Cooper-Standard Holdings Inc. (CPS) Issued By Jefferies Group
Cooper-Standard Holdings Inc. (NYSE:CPS) – Analysts at Jefferies Group decreased their Q3 2017 earnings per share estimates for shares of Cooper-Standard Holdings in a research report issued on Tuesday. Jefferies Group analyst D. Kelley now expects that the auto parts company will earn $2.59 per share for the quarter, down from their previous forecast of $2.68. Jefferies Group has a “Hold” rating and a $117.00 price objective on the stock. Jefferies Group also issued estimates for Cooper-Standard Holdings’ Q2 2018 earnings at $2.92 EPS.
CPS has been the topic of several other research reports. BidaskClub cut Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Zacks Investment Research cut Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine upgraded Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Finally, Bank of America Corporation reiterated an “underperform” rating and issued a $85.00 target price (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $109.43.
Shares of Cooper-Standard Holdings (NYSE CPS) opened at 101.99 on Wednesday. Cooper-Standard Holdings has a 12-month low of $82.50 and a 12-month high of $118.59. The stock has a market cap of $1.82 billion, a P/E ratio of 12.82 and a beta of 0.73. The company has a 50 day moving average price of $104.17 and a 200 day moving average price of $107.67.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, May 4th. The auto parts company reported $2.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $866.38 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC raised its position in Cooper-Standard Holdings by 13.8% in the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock valued at $103,000 after buying an additional 112 shares during the period. Neuburgh Advisers LLC raised its position in Cooper-Standard Holdings by 13.8% in the first quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock valued at $125,000 after buying an additional 136 shares during the period. Ameritas Investment Partners Inc. bought a new position in Cooper-Standard Holdings during the first quarter valued at approximately $142,000. GW&K Investment Management LLC bought a new position in Cooper-Standard Holdings during the second quarter valued at approximately $203,000. Finally, Redwood Investments LLC raised its position in Cooper-Standard Holdings by 14.9% in the first quarter. Redwood Investments LLC now owns 1,867 shares of the auto parts company’s stock valued at $207,000 after buying an additional 242 shares during the period. 94.43% of the stock is currently owned by institutional investors.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 100,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $105.25, for a total value of $10,525,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Song Min Lee sold 911 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $110.70, for a total value of $100,847.70. Following the completion of the transaction, the senior vice president now directly owns 15,000 shares in the company, valued at $1,660,500. The disclosure for this sale can be found here. Insiders sold 382,533 shares of company stock worth $41,237,652 in the last quarter. 3.90% of the stock is owned by insiders.
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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