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.
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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.
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