Cooper-Standard (CPS) Upgraded to Strong-Buy by ValuEngine
ValuEngine upgraded shares of Cooper-Standard (NYSE:CPS) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning.
Several other research analysts have also recently commented on the stock. KeyCorp reaffirmed a hold rating on shares of Cooper-Standard in a report on Friday, November 17th. Zacks Investment Research raised shares of Cooper-Standard from a sell rating to a hold rating in a report on Friday, November 3rd. Roth Capital raised their target price on shares of Cooper-Standard from $125.00 to $130.00 and gave the stock a buy rating in a report on Thursday, November 2nd. Buckingham Research lowered their target price on shares of Cooper-Standard from $131.00 to $129.00 and set a buy rating on the stock in a report on Thursday, October 19th. Finally, Goldman Sachs Group cut shares of Cooper-Standard from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Cooper-Standard has a consensus rating of Hold and a consensus target price of $117.17.
Cooper-Standard (NYSE CPS) opened at $122.50 on Friday. Cooper-Standard has a fifty-two week low of $95.33 and a fifty-two week high of $128.52. The company has a market cap of $2,147.52, a P/E ratio of 16.76, a PEG ratio of 2.29 and a beta of 0.80. The company has a current ratio of 1.75, a quick ratio of 1.52 and a debt-to-equity ratio of 0.86.
In related news, SVP Song Min Lee sold 4,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $119.00, for a total transaction of $476,000.00. Following the sale, the senior vice president now owns 12,163 shares in the company, valued at approximately $1,447,397. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Miguel Posada Juan Fernando De sold 3,028 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.38, for a total transaction of $361,482.64. Following the sale, the insider now owns 16,389 shares in the company, valued at approximately $1,956,518.82. The disclosure for this sale can be found here. Insiders have sold a total of 61,950 shares of company stock worth $7,232,394 in the last quarter. 1.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of CPS. Alliancebernstein L.P. boosted its position in Cooper-Standard by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after buying an additional 506,102 shares in the last quarter. BlackRock Inc. boosted its position in Cooper-Standard by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock valued at $222,489,000 after buying an additional 129,820 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in Cooper-Standard in the third quarter valued at approximately $11,413,000. Renaissance Technologies LLC boosted its position in Cooper-Standard by 23.6% in the second quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock valued at $41,881,000 after buying an additional 79,200 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Cooper-Standard by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock valued at $205,384,000 after buying an additional 68,126 shares in the last quarter. Hedge funds and other institutional investors own 96.01% of the company’s stock.
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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