Cooper-Standard Holdings Inc. (CPS) Receives $111.00 Consensus Price Target from Brokerages

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) have received an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $114.80.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. Roth Capital raised their target price on Cooper-Standard Holdings from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday. BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Buckingham Research dropped their price objective on Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th. Finally, Goldman Sachs Group, Inc. (The) lowered Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a research note on Monday, October 16th.

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Cooper-Standard Holdings (NYSE CPS) traded up $1.49 during trading on Friday, hitting $117.01. The stock had a trading volume of 63,634 shares, compared to its average volume of 134,551. The firm has a market cap of $2,023.41, a P/E ratio of 11.03 and a beta of 0.74.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The firm had revenue of $869.02 million for the quarter, compared to analysts’ expectations of $844.14 million. During the same quarter in the prior year, the business posted $2.48 earnings per share. Cooper-Standard Holdings’s revenue was up 1.6% on a year-over-year basis. research analysts predict that Cooper-Standard Holdings will post 10.6 earnings per share for the current year.

In other news, 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 value of $1,470,560.00. Following the transaction, the vice president now directly owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $111.70, for a total value of $1,228,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,365 shares of company stock worth $23,185,705. 1.10% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of CPS. Suntrust Banks Inc. raised its position in shares of Cooper-Standard Holdings by 1.7% during the 2nd quarter. Suntrust Banks Inc. now owns 2,889 shares of the auto parts company’s stock valued at $291,000 after acquiring an additional 49 shares during the last quarter. CS Mckee LP raised its position in shares of Cooper-Standard Holdings by 0.4% during the 2nd quarter. CS Mckee LP now owns 13,550 shares of the auto parts company’s stock valued at $1,367,000 after acquiring an additional 50 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Cooper-Standard Holdings by 1.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,863 shares of the auto parts company’s stock valued at $390,000 after acquiring an additional 52 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Cooper-Standard Holdings by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the auto parts company’s stock valued at $736,000 after acquiring an additional 100 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Cooper-Standard Holdings by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock valued at $938,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 95.28% 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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