Cooper-Standard Holdings Inc. (CPS) PT Raised to $130.00
Cooper-Standard Holdings Inc. (NYSE:CPS) had its price target boosted by equities research analysts at Roth Capital from $125.00 to $130.00 in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the auto parts company’s stock. Roth Capital’s target price would indicate a potential upside of 16.61% from the company’s previous close.
A number of other research firms have also recently issued reports on CPS. Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Monday, October 9th. Buckingham Research cut their target price on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Finally, BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $117.17.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). The company had revenue of $869.02 million for the quarter, compared to analyst estimates of $844.14 million. Cooper-Standard Holdings had a net margin of 3.88% and a return on equity of 25.59%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.48 earnings per share.
In related news, major shareholder Silver Point Capital L.P. sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $117.51, for a total value of $822,570.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the completion of the transaction, the vice president now owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. Insiders sold 200,365 shares of company stock valued at $23,185,705 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CPS. BlackRock Inc. raised its position in Cooper-Standard Holdings by 49,408.2% in the 1st quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock worth $230,278,000 after purchasing an additional 2,071,687 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Cooper-Standard Holdings by 214.9% during the 3rd quarter. BlackRock Fund Advisors now owns 1,149,618 shares of the auto parts company’s stock valued at $113,582,000 after acquiring an additional 784,553 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Cooper-Standard Holdings by 2,433.2% during the 2nd quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after acquiring an additional 506,102 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Cooper-Standard Holdings by 731,852.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 307,420 shares of the auto parts company’s stock valued at $24,283,000 after acquiring an additional 307,378 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Cooper-Standard Holdings by 173.5% during the 3rd quarter. Prudential Financial Inc. now owns 483,627 shares of the auto parts company’s stock valued at $47,782,000 after acquiring an additional 306,813 shares during the last quarter. Hedge funds and other institutional investors own 95.28% 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.
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