Cooper-Standard Holdings Inc. (NYSE:CPS)‘s stock had its “neutral” rating reaffirmed by stock analysts at Goldman Sachs Group Inc. in a note issued to investors on Saturday. They currently have a $99.00 price objective on the stock, up from their prior price objective of $94.00. Goldman Sachs Group Inc.’s price objective indicates a potential downside of 1.94% from the stock’s current price.

Several other research analysts have also commented on the stock. Buckingham Research lowered shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $101.00 to $105.00 in a research note on Tuesday, September 27th. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Bank of America Corp. lowered shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. Jefferies Group reduced their price objective on shares of 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. Finally, Seaport Global Securities initiated coverage on shares of Cooper-Standard Holdings in a research note on Tuesday, August 9th. They set a “buy” rating and a $108.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $102.43.

Analyst Recommendations for Cooper-Standard Holdings (NYSE:CPS)

Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 100.96 on Friday. Cooper-Standard Holdings has a 12 month low of $62.97 and a 12 month high of $107.94. The company has a market capitalization of $1.75 billion, a P/E ratio of 14.90 and a beta of 0.62. The stock’s 50 day moving average is $100.85 and its 200 day moving average is $87.16.

Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.24 by $0.61. The firm earned $879.30 million during the quarter, compared to analyst estimates of $875.98 million. Cooper-Standard Holdings had a net margin of 3.68% and a return on equity of 31.20%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts predict that Cooper-Standard Holdings will post $10.18 EPS for the current fiscal year.

In other news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 570,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $89.30, for a total transaction of $50,901,000.00. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Cooper-Standard Holdings by 731,852.4% in the second quarter. JPMorgan Chase & Co. now owns 307,420 shares of the company’s stock worth $24,283,000 after buying an additional 307,378 shares during the period. Numeric Investors LLC increased its stake in shares of Cooper-Standard Holdings by 285.3% in the second quarter. Numeric Investors LLC now owns 389,491 shares of the company’s stock worth $30,766,000 after buying an additional 288,391 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Cooper-Standard Holdings by 58.1% in the second quarter. Dimensional Fund Advisors LP now owns 499,795 shares of the company’s stock worth $39,478,000 after buying an additional 183,591 shares during the period. Prudential Financial Inc. increased its stake in shares of Cooper-Standard Holdings by 266.7% in the second quarter. Prudential Financial Inc. now owns 176,814 shares of the company’s stock worth $13,967,000 after buying an additional 128,600 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Cooper-Standard Holdings by 9.0% in the second quarter. Vanguard Group Inc. now owns 1,345,386 shares of the company’s stock worth $106,272,000 after buying an additional 110,693 shares during the period. 96.91% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:CPS

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