Zacks Investment Research Upgrades Cooper-Standard Holdings Inc. (CPS) to “Hold”
Cooper-Standard Holdings Inc. (NYSE:CPS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
Several other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Jefferies Group LLC restated a “hold” rating and set a $117.00 price objective on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. Bank of America Corporation restated an “underperform” rating and set a $85.00 price objective (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. Finally, BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Cooper-Standard Holdings currently has a consensus rating of “Hold” and a consensus target price of $109.67.
Shares of Cooper-Standard Holdings (NYSE CPS) traded up 0.74% during mid-day trading on Wednesday, hitting $101.44. 112,873 shares of the stock were exchanged. The stock has a 50-day moving average price of $102.50 and a 200 day moving average price of $107.20. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 12.78 and a beta of 0.72. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The business had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. On average, equities research analysts expect that Cooper-Standard Holdings will post $10.65 earnings per share for the current year.
WARNING: “Zacks Investment Research Upgrades Cooper-Standard Holdings Inc. (CPS) to “Hold”” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/16/zacks-investment-research-upgrades-cooper-standard-holdings-inc-cps-to-hold.html.
In related news, major shareholder Silver Point Capital L.P. sold 20,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $110.89, for a total value of $2,217,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Aleksandra A. Miziolek sold 865 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total transaction of $87,365.00. Following the completion of the transaction, the insider now owns 866 shares in the company, valued at approximately $87,466. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 317,698 shares of company stock worth $33,916,693. Corporate insiders own 3.90% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Cooper-Standard Holdings by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 24,720 shares of the auto parts company’s stock valued at $2,556,000 after buying an additional 1,076 shares during the period. Capstone Asset Management Co. increased its position in shares of Cooper-Standard Holdings by 6.2% in the first quarter. Capstone Asset Management Co. now owns 5,921 shares of the auto parts company’s stock valued at $657,000 after buying an additional 347 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Cooper-Standard Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the auto parts company’s stock valued at $799,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue increased its position in shares of Cooper-Standard Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,960 shares of the auto parts company’s stock valued at $217,000 after buying an additional 40 shares during the period. Finally, James Investment Research Inc. acquired a new position in shares of Cooper-Standard Holdings during the first quarter valued at $1,959,000. Institutional investors own 95.33% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.