Cooper-Standard Holdings Inc. (CPS) Cut to Hold at Zacks Investment Research
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan. “
CPS has been the subject of a number of other research reports. Buckingham Research cut Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $101.00 to $105.00 in a report on Tuesday, September 27th. Jefferies Group cut Cooper-Standard Holdings from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Wednesday, October 19th. 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 report on Saturday, October 8th. Seaport Global Securities started coverage on Cooper-Standard Holdings in a report on Tuesday, August 9th. They issued a “buy” rating and a $108.00 target price for the company. Finally, Roth Capital set a $115.00 target price on Cooper-Standard Holdings and gave the stock a “buy” rating in a report on Sunday, September 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $105.17.
Cooper-Standard Holdings (NYSE:CPS) traded up 3.14% during trading on Wednesday, reaching $93.52. The company’s stock had a trading volume of 150,007 shares. The firm’s 50-day moving average price is $94.76 and its 200 day moving average price is $90.20. The company has a market capitalization of $1.65 billion, a P/E ratio of 13.48 and a beta of 0.68. Cooper-Standard Holdings has a 12-month low of $63.01 and a 12-month high of $107.94.
Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Monday, October 31st. The company reported $2.48 EPS for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.08. The firm earned $855.70 million during the quarter, compared to analysts’ expectations of $828.18 million. Cooper-Standard Holdings had a return on equity of 30.67% and a net margin of 3.75%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 EPS. On average, analysts predict that Cooper-Standard Holdings will post $10.30 earnings per share for the current fiscal year.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 142,000 shares of the company’s stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of $101.55, for a total value of $14,420,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hill Advisors Genpar L.P. Oak sold 15,616 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $102.05, for a total value of $1,593,612.80. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Several large investors have recently modified their holdings of CPS. 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 valued at $124,000 after buying an additional 345 shares in the last quarter. Quantbot Technologies LP raised its position in Cooper-Standard Holdings by 288.1% in the third quarter. Quantbot Technologies LP now owns 1,335 shares of the company’s stock valued at $131,000 after buying an additional 991 shares during the last quarter. Pacad Investment Ltd. bought a new position in Cooper-Standard Holdings during the second quarter valued at approximately $150,000. PNC Financial Services Group Inc. raised its position in 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 valued at $158,000 after buying an additional 156 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its position in Cooper-Standard Holdings by 14.8% in the second quarter. Acrospire Investment Management LLC now owns 2,331 shares of the company’s stock valued at $184,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 96.83% of the company’s stock.
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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