Cooper-Standard Holdings Inc. (CPS) Receives Consensus Rating of “Hold” from Brokerages
Cooper-Standard Holdings Inc. (NYSE:CPS) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $106.75.
CPS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Bank of America Corporation reiterated an “underperform” rating and issued a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. BidaskClub lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th.
In related news, major shareholder Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $105.76, for a total transaction of $52,880.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the transaction, the vice president now owns 63,584 shares in the company, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 439,365 shares of company stock worth $48,389,125. 1.10% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of CPS. State Board of Administration of Florida Retirement System lifted its holdings in shares of Cooper-Standard Holdings by 30.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 6,002 shares of the auto parts company’s stock valued at $666,000 after acquiring an additional 1,393 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Cooper-Standard Holdings by 0.5% during the 1st quarter. First Trust Advisors LP now owns 22,225 shares of the auto parts company’s stock valued at $2,465,000 after acquiring an additional 121 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Cooper-Standard Holdings by 3.8% during the 1st quarter. Swiss National Bank now owns 21,800 shares of the auto parts company’s stock valued at $2,418,000 after acquiring an additional 800 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Cooper-Standard Holdings during the 1st quarter valued at $279,000. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Cooper-Standard Holdings during the 1st quarter valued at $255,000. Institutional investors and hedge funds own 95.83% of the company’s stock.
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Cooper-Standard Holdings (CPS) traded down 0.59% on Wednesday, reaching $116.72. The company had a trading volume of 74,249 shares. The stock has a 50 day moving average price of $105.21 and a 200 day moving average price of $106.00. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.60. The stock has a market capitalization of $2.07 billion, a PE ratio of 14.70 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million during the quarter, compared to analysts’ expectations of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. Cooper-Standard Holdings’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS. Analysts expect that Cooper-Standard Holdings will post $10.70 EPS for the current 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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