Goldman Sachs Group downgraded shares of Cooper-Standard (NYSE:CPS) from a neutral rating to a sell rating in a report issued on Thursday morning, Benzinga reports. Goldman Sachs Group currently has $36.00 target price on the auto parts company’s stock, down from their previous target price of $51.00.

CPS has been the topic of a number of other research reports. ValuEngine lowered Cooper-Standard from a sell rating to a strong sell rating in a report on Wednesday, March 20th. Roth Capital lowered their price objective on Cooper-Standard from $76.00 to $60.00 and set a buy rating on the stock in a report on Friday, May 3rd. Zacks Investment Research lowered Cooper-Standard from a hold rating to a strong sell rating in a report on Tuesday, April 23rd. Seaport Global Securities started coverage on Cooper-Standard in a report on Wednesday, February 13th. They issued a neutral rating on the stock. Finally, Bank of America reaffirmed an underperform rating and issued a $40.00 price objective (down previously from $63.00) on shares of Cooper-Standard in a report on Wednesday, February 20th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Cooper-Standard currently has an average rating of Hold and a consensus price target of $54.75.

NYSE CPS opened at $39.49 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.24 and a current ratio of 1.44. Cooper-Standard has a 52-week low of $36.11 and a 52-week high of $146.77. The stock has a market cap of $691.94 million, a P/E ratio of 6.59 and a beta of 1.50.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.33). Cooper-Standard had a return on equity of 12.38% and a net margin of 1.34%. The company had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $887.56 million. During the same period in the prior year, the business earned $3.45 EPS. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. Analysts predict that Cooper-Standard will post 5.19 earnings per share for the current fiscal year.

In other Cooper-Standard news, insider Sharon Wenzl sold 600 shares of Cooper-Standard stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $52.62, for a total value of $31,572.00. Following the sale, the insider now owns 1,004 shares of the company’s stock, valued at approximately $52,830.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey A. Debest acquired 1,750 shares of the stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $39.47 per share, for a total transaction of $69,072.50. Following the acquisition, the insider now directly owns 2,500 shares in the company, valued at approximately $98,675. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Mercantile Trust Co. boosted its stake in shares of Cooper-Standard by 13.6% during the 1st quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 270 shares in the last quarter. NumerixS Investment Technologies Inc boosted its stake in shares of Cooper-Standard by 100.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock worth $134,000 after acquiring an additional 1,400 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of Cooper-Standard during the 4th quarter worth approximately $154,000. Commonwealth Bank of Australia boosted its stake in shares of Cooper-Standard by 28.6% during the 4th quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock worth $167,000 after acquiring an additional 600 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Cooper-Standard during the 1st quarter worth approximately $182,000. 95.99% of the stock is currently owned by institutional investors.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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