Cooper-Standard Holdings Inc. (CPS) Receives Consensus Recommendation of “Hold” from Analysts
Cooper-Standard Holdings Inc. (NYSE:CPS) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $108.40.
A number of brokerages have weighed in on CPS. ValuEngine lowered Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $85.00 price objective (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th.
Shares of Cooper-Standard Holdings (CPS) traded down 0.26% during trading on Friday, reaching $99.35. The company’s stock had a trading volume of 99,807 shares. The company has a 50 day moving average price of $101.06 and a 200 day moving average price of $106.48. The firm has a market capitalization of $1.76 billion, a P/E ratio of 12.52 and a beta of 0.73. 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 announced its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. During the same quarter in the previous year, the company earned $2.85 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Cooper-Standard Holdings will post $10.70 EPS for the current fiscal year.
In other news, insider Aleksandra A. Miziolek sold 865 shares of the business’s 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 sale, the insider now owns 866 shares of the company’s stock, valued at approximately $87,466. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sharon Wenzl sold 293 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $108.17, for a total value of $31,693.81. Following the completion of the sale, the insider now directly owns 1,583 shares in the company, valued at approximately $171,233.11. The disclosure for this sale can be found here. Insiders have sold a total of 271,698 shares of company stock worth $28,804,773 in the last three months. Corporate insiders own 1.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC lifted its stake in Cooper-Standard Holdings by 13.8% in the 1st 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 in the last quarter. Neuburgh Advisers LLC lifted its stake in Cooper-Standard Holdings by 13.8% in the 1st 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 in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Cooper-Standard Holdings in the 1st quarter valued at approximately $142,000. Riverhead Capital Management LLC lifted its stake in Cooper-Standard Holdings by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after buying an additional 632 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in Cooper-Standard Holdings in the 2nd quarter valued at approximately $146,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
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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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