Cooper-Standard Holdings Inc. (CPS) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a hold rating to a buy rating in a research report report published on Monday morning. Zacks Investment Research currently has $129.00 price objective on the auto parts company’s stock.

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. “

Other equities analysts have also recently issued reports about the stock. ValuEngine cut shares of Cooper-Standard Holdings from a strong-buy rating to a buy rating in a report on Tuesday, June 20th. BidaskClub upgraded shares of Cooper-Standard Holdings from a sell rating to a hold rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation restated an underperform rating and set a $85.00 price target (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Cooper-Standard Holdings currently has a consensus rating of Hold and a consensus price target of $111.20.

Cooper-Standard Holdings (CPS) opened at 114.78 on Monday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77. The company has a 50 day moving average price of $108.31 and a 200 day moving average price of $106.25. Cooper-Standard Holdings has a 12 month low of $82.50 and a 12 month high of $118.60.

Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The business had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. During the same period in the previous year, the company posted $2.85 EPS. Cooper-Standard Holdings’s revenue was up 3.4% on a year-over-year basis. Equities research analysts predict that Cooper-Standard Holdings will post $10.70 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Cooper-Standard Holdings Inc. (CPS) Raised to Buy at Zacks Investment Research” was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.com-unik.info/2017/10/13/cooper-standard-holdings-inc-cps-raised-to-buy-at-zacks-investment-research.html.

In related news, major shareholder Silver Point Capital L.P. sold 3,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $117.01, for a total value of $351,030.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Aleksandra A. Miziolek sold 865 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 866 shares of the company’s stock, valued at $87,466. The disclosure for this sale can be found here. Insiders sold 231,365 shares of company stock valued at $26,513,365 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of CPS. Ameritas Investment Partners Inc. bought a new stake in Cooper-Standard Holdings in the first quarter worth $142,000. Riverhead Capital Management LLC boosted its holdings in Cooper-Standard Holdings by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. First Mercantile Trust Co. bought a new stake in Cooper-Standard Holdings in the second quarter worth $146,000. Flinton Capital Management LLC boosted its holdings in Cooper-Standard Holdings by 66.7% in the second quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 616 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Cooper-Standard Holdings by 15.9% in the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock worth $164,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Cooper-Standard Holdings 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.

Get a free copy of the Zacks research report on Cooper-Standard Holdings (CPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Cooper-Standard Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cooper-Standard Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit