Cooper-Standard Holdings Inc. (CPS) Lowered to “Sell” at Zacks Investment Research
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “
CPS has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) downgraded Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a report on Monday, October 16th. Buckingham Research decreased their target price on Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Finally, BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Cooper-Standard Holdings presently has an average rating of “Hold” and an average price target of $114.60.
Shares of Cooper-Standard Holdings (CPS) traded up 1.07% during midday trading on Wednesday, reaching $113.50. The company’s stock had a trading volume of 186,780 shares. The stock’s 50-day moving average price is $110.53 and its 200-day moving average price is $106.57. Cooper-Standard Holdings has a 12-month low of $82.50 and a 12-month high of $118.60. The company has a market cap of $2.01 billion, a P/E ratio of 14.30 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $909.10 million for the quarter, compared to the consensus estimate of $884.02 million. During the same quarter in the prior year, the business posted $2.85 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts expect that Cooper-Standard Holdings will post $10.62 EPS for the current fiscal year.
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In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $116.67, for a total transaction of $7,233,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the sale, the vice president now directly owns 63,584 shares of the company’s stock, valued at $6,678,863.36. The disclosure for this sale can be found here. Insiders have sold a total of 200,365 shares of company stock valued at $23,185,705 over the last ninety days. 1.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of CPS. Riverhead Capital Management LLC lifted its holdings in shares of 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 during the period. First Mercantile Trust Co. acquired a new stake in shares of Cooper-Standard Holdings in the 2nd quarter valued at approximately $146,000. Flinton Capital Management LLC lifted its holdings in shares of Cooper-Standard Holdings by 66.7% in the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after buying an additional 616 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Cooper-Standard Holdings by 20.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after buying an additional 259 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cooper-Standard Holdings by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after buying an additional 222 shares during the period. 95.26% of the stock is owned by institutional investors and hedge funds.
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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