FY2017 Earnings Estimate for Cooper-Standard Holdings Inc. Issued By KeyCorp (CPS)

Cooper-Standard Holdings Inc. (NYSE:CPS) – Equities research analysts at KeyCorp increased their FY2017 earnings estimates for Cooper-Standard Holdings in a research report issued to clients and investors on Thursday. KeyCorp analyst B. Hoselton now expects that the auto parts company will earn $10.78 per share for the year, up from their prior forecast of $10.70. KeyCorp also issued estimates for Cooper-Standard Holdings’ FY2018 earnings at $11.67 EPS.

Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share 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 analyst estimates of $844.14 million. During the same quarter last year, the company earned $2.48 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/11/06/fy2017-earnings-estimate-for-cooper-standard-holdings-inc-issued-by-keycorp-cps.html.

A number of other equities research analysts have also recently commented on CPS. Roth Capital raised their price target on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. Buckingham Research reduced their price target on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a report on Monday, October 16th. Finally, BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Cooper-Standard Holdings presently has an average rating of “Hold” and a consensus target price of $117.17.

Shares of Cooper-Standard Holdings (NYSE CPS) opened at $116.94 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. The company has a market cap of $2,050.05, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74. Cooper-Standard Holdings has a twelve month low of $82.50 and a twelve month high of $118.60.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its position in shares of Cooper-Standard Holdings by 79.0% during the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after purchasing an additional 632 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of Cooper-Standard Holdings during the second quarter valued at about $146,000. Flinton Capital Management LLC lifted its position in shares of Cooper-Standard Holdings by 66.7% during the second quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 616 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Cooper-Standard Holdings by 20.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 259 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Cooper-Standard Holdings by 15.9% during the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after purchasing an additional 222 shares in the last quarter. 95.68% of the stock is currently owned by institutional investors.

In other Cooper-Standard Holdings news, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were 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 $6,678,863.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Silver Point Capital L.P. sold 62,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $116.67, for a total transaction of $7,233,540.00. The disclosure for this sale can be found here. Insiders sold 200,365 shares of company stock worth $23,185,705 over the last ninety days. Insiders own 1.10% 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.

Earnings History and Estimates for Cooper-Standard Holdings (NYSE:CPS)

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