Cooper-Standard Holdings Inc. (CPS) Rating Lowered to Hold at Jefferies Group
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by stock analysts at Jefferies Group to a “hold” rating in a research note issued on Wednesday.
CPS has been the topic of several other research reports. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 10th. Buckingham Research lowered shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and lifted their target price for the company from $101.00 to $105.00 in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $99.00 target price (up previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Saturday, October 8th. Roth Capital assumed coverage on shares of Cooper-Standard Holdings in a research report on Wednesday, July 6th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Bank of America Corp. lowered shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Cooper-Standard Holdings presently has a consensus rating of “Hold” and a consensus price target of $102.43.
Cooper-Standard Holdings (NYSE:CPS) opened at 95.31 on Wednesday. The company has a market capitalization of $1.65 billion, a P/E ratio of 14.07 and a beta of 0.62. Cooper-Standard Holdings has a one year low of $63.00 and a one year high of $107.94. The company’s 50-day moving average is $100.69 and its 200 day moving average is $88.58.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, July 28th. The company reported $2.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.61. The company had revenue of $879.30 million for 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 company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Cooper-Standard Holdings will post $10.18 earnings per share for the current year.
In related news, insider Hill Advisors Genpar L.P. Oak sold 15,616 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $102.05, for a total value of $1,593,612.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sharon Wenzl sold 447 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $97.13, for a total transaction of $43,417.11. Following the completion of the sale, the insider now directly owns 825 shares in the company, valued at $80,132.25. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Creative Planning boosted its stake in shares of Cooper-Standard Holdings by 37.8% in the third quarter. Creative Planning now owns 1,257 shares of the company’s stock worth $124,000 after buying an additional 345 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Cooper-Standard Holdings during the second quarter worth approximately $150,000. PNC Financial Services Group Inc. boosted its stake in shares of Cooper-Standard Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the company’s stock worth $158,000 after buying an additional 156 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Cooper-Standard Holdings by 14.8% in the second quarter. Acrospire Investment Management LLC now owns 2,331 shares of the company’s stock worth $184,000 after buying an additional 300 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its stake in shares of Cooper-Standard Holdings by 14.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,400 shares of the company’s stock worth $190,000 after buying an additional 300 shares during the last quarter. 96.91% of the stock is currently owned by hedge funds and other institutional investors.
About Cooper-Standard Holdings
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.
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