Brokerages predict that Cooper-Standard Holdings Inc (NYSE:CPS) will report sales of $907.59 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cooper-Standard’s earnings. The lowest sales estimate is $902.88 million and the highest is $912.30 million. Cooper-Standard reported sales of $875.43 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The business is scheduled to announce its next earnings report after the market closes on Thursday, February 15th.
According to Zacks, analysts expect that Cooper-Standard will report full-year sales of $907.59 million for the current financial year, with estimates ranging from $3.58 billion to $3.59 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.67 billion per share, with estimates ranging from $3.58 billion to $3.76 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Cooper-Standard.
Several brokerages recently weighed in on CPS. Roth Capital raised their target price on shares of Cooper-Standard from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Zacks Investment Research cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Goldman Sachs Group cut shares of Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a report on Monday, October 16th. ValuEngine raised shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $120.50.
In other Cooper-Standard news, SVP Song Min Lee sold 2,837 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $119.00, for a total value of $337,603.00. Following the transaction, the senior vice president now directly owns 12,163 shares in the company, valued at $1,447,397. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Miguel Posada Juan Fernando De sold 3,028 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.38, for a total transaction of $361,482.64. Following the transaction, the insider now owns 16,389 shares in the company, valued at $1,956,518.82. The disclosure for this sale can be found here. Insiders sold 10,450 shares of company stock worth $1,248,784 over the last quarter. 1.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in shares of Cooper-Standard by 78.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 500 shares during the last quarter. Flinton Capital Management LLC grew its position in shares of Cooper-Standard by 66.7% during the second quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock worth $155,000 after acquiring an additional 616 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Cooper-Standard by 20.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after acquiring an additional 259 shares during the last quarter. Financial Sense Advisors Inc. purchased a new position in shares of Cooper-Standard during the third quarter worth approximately $203,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Cooper-Standard during the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 96.32% of the company’s stock.
Cooper-Standard Company Profile
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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