Cooper-Standard Holdings (CPS) Earning Somewhat Positive Press Coverage, Study Shows
Headlines about Cooper-Standard Holdings (NYSE:CPS) have been trending somewhat positive on Saturday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cooper-Standard Holdings earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the auto parts company an impact score of 48.351822810468 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Ritchie Bros. Auctioneers Incorporated – RBA – Stock Price Today (newstrendstoday.com)
- Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Under Analyst Spotlight (techkenyot.com)
- See what the IHS Markit Score report has to say about Cooper-Standard Holdings Inc. (finance.yahoo.com)
- Cooper-Standard Holdings (CPS) Presents At J.P. Morgan Auto Conference – Slideshow (seekingalpha.com)
Cooper-Standard Holdings (CPS) traded down 0.27% during trading on Friday, hitting $100.17. The stock had a trading volume of 141,214 shares. The firm has a market cap of $1.78 billion, a PE ratio of 12.62 and a beta of 0.72. The company’s 50-day moving average is $102.46 and its 200 day moving average is $107.25. Cooper-Standard Holdings has a 52 week low of $82.50 and a 52 week high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million for the quarter, compared to the consensus estimate of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 EPS. Equities analysts expect that Cooper-Standard Holdings will post $10.67 EPS for the current fiscal year.
CPS has been the subject of several recent research reports. BidaskClub downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $85.00 price objective (down previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $117.00 target price on shares of Cooper-Standard Holdings in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Cooper-Standard Holdings currently has an average rating of “Hold” and an average price target of $109.67.
In other news, major shareholder Silver Point Capital L.P. sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $105.25, for a total transaction of $10,525,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Miguel Posada Juan Fernando De sold 2,289 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $110.30, for a total value of $252,476.70. Following the sale, the insider now owns 4,689 shares in the company, valued at $517,196.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 319,122 shares of company stock worth $34,081,804. Company insiders own 3.90% of the company’s stock.
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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