Buckingham Research Downgrades Cooper-Standard Holdings Inc. (CPS) to Neutral
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday. They presently have a $105.00 price objective on the stock, up from their previous price objective of $101.00. Buckingham Research’s price target points to a potential upside of 4.42% from the stock’s current price.
CPS has been the subject of a number of other reports. Jefferies Group lowered their target price on Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, August 1st. Roth Capital set a $115.00 target price on Cooper-Standard Holdings and gave the stock a “buy” rating in a research note on Sunday, September 18th. Zacks Investment Research cut Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Seaport Global Securities began coverage on Cooper-Standard Holdings in a research note on Tuesday, August 9th. They set a “buy” rating and a $108.00 target price for the company. Finally, Bank of America Corp. cut Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $101.86.
Cooper-Standard Holdings (NYSE:CPS) opened at 100.56 on Tuesday. The stock has a 50 day moving average of $100.05 and a 200-day moving average of $85.82. The company has a market capitalization of $1.74 billion, a P/E ratio of 14.84 and a beta of 0.62. Cooper-Standard Holdings has a 52-week low of $56.96 and a 52-week high of $107.94.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.61. The company earned $879.30 million during the quarter, compared to analysts’ expectations of $875.98 million. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Cooper-Standard Holdings will post $10.18 earnings per share for the current year.
In other news, insider Sharon Wenzl sold 447 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $97.13, for a total value of $43,417.11. Following the completion of the sale, the insider now owns 825 shares of the company’s stock, valued at approximately $80,132.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $87.01, for a total value of $62,253,305.73. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in Cooper-Standard Holdings by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 59,974 shares of the company’s stock valued at $4,735,000 after buying an additional 401 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Cooper-Standard Holdings by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,231 shares of the company’s stock valued at $6,654,000 after buying an additional 4,165 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Cooper-Standard Holdings during the second quarter valued at approximately $346,000. Stifel Financial Corp increased its stake in Cooper-Standard Holdings by 13.1% in the second quarter. Stifel Financial Corp now owns 11,378 shares of the company’s stock valued at $899,000 after buying an additional 1,314 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Cooper-Standard Holdings by 77.7% in the second quarter. Legal & General Group Plc now owns 3,466 shares of the company’s stock valued at $268,000 after buying an additional 1,515 shares during the last quarter. 96.91% of the stock is owned by institutional investors.
Cooper-Standard Holdings Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
Receive News & Stock Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related stocks with our FREE daily email newsletter.