Cooper-Standard Holdings Inc. (NYSE:CPS) Receives $108.33 Average PT from Analysts
Cooper-Standard Holdings Inc. (NYSE:CPS) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $108.33.
Several research firms recently weighed in on CPS. BidaskClub downgraded Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. ValuEngine upgraded Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Bank of America Corporation reiterated an “underperform” rating and set a $85.00 target price (down from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. Jefferies Group LLC reissued a “hold” rating and set a $117.00 price target on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. Finally, Zacks Investment Research raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Friday, May 5th.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 110,500 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $105.42, for a total transaction of $11,648,910.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sharon Wenzl sold 293 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $108.17, for a total value of $31,693.81. Following the transaction, the insider now owns 1,583 shares of the company’s stock, valued at approximately $171,233.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 383,533 shares of company stock valued at $41,397,532. 3.90% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock worth $230,278,000 after buying an additional 2,071,687 shares during the period. Norges Bank acquired a new position in shares of Cooper-Standard Holdings during the fourth quarter worth about $28,537,000. Columbia Wanger Asset Management LLC increased its position in shares of Cooper-Standard Holdings by 68.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 483,307 shares of the auto parts company’s stock worth $53,613,000 after buying an additional 196,395 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cooper-Standard Holdings by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock worth $218,311,000 after buying an additional 129,224 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Cooper-Standard Holdings by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 731,068 shares of the auto parts company’s stock worth $75,578,000 after buying an additional 77,530 shares during the last quarter. 94.46% of the stock is owned by institutional investors.
Shares of Cooper-Standard Holdings (NYSE:CPS) traded up 1.79% during midday trading on Monday, hitting $107.30. The stock had a trading volume of 165,776 shares. The firm has a market cap of $1.92 billion, a P/E ratio of 13.50 and a beta of 0.73. Cooper-Standard Holdings has a 52 week low of $82.50 and a 52 week high of $118.59. The company’s 50 day moving average is $106.71 and its 200 day moving average is $107.66.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, May 4th. The auto parts company reported $2.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.43. The firm had revenue of $902.05 million for the quarter, compared to the consensus estimate of $866.38 million. Cooper-Standard Holdings had a return on equity of 28.80% and a net margin of 4.27%. On average, equities analysts predict that Cooper-Standard Holdings will post $10.91 earnings per share for the current fiscal year.
Cooper-Standard Holdings Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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