Cooper-Standard Holdings Inc. (CPS) Upgraded by Goldman Sachs Group Inc. to Buy
Goldman Sachs Group Inc. upgraded shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a neutral rating to a buy rating in a report released on Tuesday. They currently have $100.00 price objective on the stock.
Several other analysts also recently commented on CPS. Roth Capital set a $115.00 price objective on shares of Cooper-Standard Holdings and gave the stock a buy rating in a research report on Sunday, September 18th. Seaport Global Securities began coverage on shares of Cooper-Standard Holdings in a research report on Tuesday, August 9th. They set a buy rating and a $108.00 price objective for the company. 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 report on Monday, August 1st. Zacks Investment Research raised shares of Cooper-Standard Holdings from a hold rating to a buy rating and set a $99.00 price objective for the company in a research report on Monday, November 14th. Finally, Buckingham Research downgraded shares of Cooper-Standard Holdings from a buy rating to a neutral rating and raised their price objective for the stock from $101.00 to $105.00 in a research report on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $105.33.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 96.20 on Tuesday. Cooper-Standard Holdings has a 12 month low of $63.01 and a 12 month high of $107.94. The stock has a 50 day moving average of $93.00 and a 200-day moving average of $90.99. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 13.87 and a beta of 0.68.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Monday, October 31st. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.08. Cooper-Standard Holdings had a net margin of 3.75% and a return on equity of 30.67%. The firm earned $855.70 million during the quarter, compared to analyst estimates of $828.18 million. During the same quarter last year, the business earned $2.23 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, analysts forecast that Cooper-Standard Holdings will post $10.31 EPS for the current year.
In other Cooper-Standard Holdings news, insider Hill Advisors Genpar L.P. Oak sold 67,058 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $99.08, for a total transaction of $6,644,106.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 85,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $101.88, for a total value of $8,659,800.00. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position 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 valued at $106,272,000 after buying an additional 110,693 shares during the period. BlackRock Fund Advisors boosted its stake in Cooper-Standard Holdings by 214.9% in the third quarter. BlackRock Fund Advisors now owns 1,149,618 shares of the company’s stock worth $113,582,000 after buying an additional 784,553 shares during the last quarter. LSV Asset Management boosted its stake in Cooper-Standard Holdings by 56.7% in the third quarter. LSV Asset Management now owns 618,208 shares of the company’s stock worth $61,078,000 after buying an additional 223,808 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 last quarter. Finally, Prudential Financial Inc. boosted its stake in Cooper-Standard Holdings by 173.5% in the third quarter. Prudential Financial Inc. now owns 483,627 shares of the company’s stock worth $47,782,000 after buying an additional 306,813 shares during the last quarter. Institutional investors and hedge funds own 97.49% of the company’s stock.
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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.
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