Cooper-Standard Holdings Inc (NYSE:CPS) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $48.00.

Several brokerages have recently weighed in on CPS. Zacks Investment Research lowered Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 23rd. Goldman Sachs Group lowered Cooper-Standard from a “neutral” rating to a “sell” rating and cut their price objective for the company from $51.00 to $36.00 in a report on Thursday, June 13th. Roth Capital cut their price objective on Cooper-Standard from $76.00 to $60.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Buckingham Research cut their price objective on Cooper-Standard from $63.00 to $56.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, ValuEngine upgraded Cooper-Standard from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Shares of Cooper-Standard stock traded down $2.27 during trading on Wednesday, hitting $32.57. The stock had a trading volume of 100,231 shares, compared to its average volume of 192,447. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 1.75. The stock has a market capitalization of $557.26 million, a price-to-earnings ratio of 3.71 and a beta of 1.58. The firm’s fifty day simple moving average is $44.36. Cooper-Standard has a fifty-two week low of $31.96 and a fifty-two week high of $144.16.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.80). The firm had revenue of $764.81 million during the quarter, compared to analyst estimates of $832.61 million. Cooper-Standard had a net margin of 4.47% and a return on equity of 7.13%. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 EPS. On average, analysts predict that Cooper-Standard will post 3.95 earnings per share for the current year.

In related news, SVP William Pumphrey bought 5,320 shares of Cooper-Standard stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $39.00 per share, with a total value of $207,480.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey A. Debest bought 1,750 shares of Cooper-Standard stock in a transaction dated Friday, May 31st. The shares were bought at an average cost of $39.47 per share, with a total value of $69,072.50. Following the completion of the acquisition, the insider now owns 2,500 shares of the company’s stock, valued at $98,675. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 7,570 shares of company stock valued at $295,498. 3.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CPS. Norges Bank purchased a new stake in shares of Cooper-Standard during the fourth quarter valued at $19,548,000. Janus Henderson Group PLC lifted its holdings in shares of Cooper-Standard by 22.2% during the second quarter. Janus Henderson Group PLC now owns 1,090,338 shares of the auto parts company’s stock valued at $49,959,000 after purchasing an additional 198,071 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Cooper-Standard by 50.6% during the second quarter. Bank of America Corp DE now owns 269,417 shares of the auto parts company’s stock valued at $12,344,000 after purchasing an additional 90,525 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Cooper-Standard by 2.7% during the second quarter. BlackRock Inc. now owns 2,539,899 shares of the auto parts company’s stock valued at $116,379,000 after purchasing an additional 66,366 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Cooper-Standard by 48.1% during the second quarter. Prudential Financial Inc. now owns 160,268 shares of the auto parts company’s stock valued at $7,343,000 after purchasing an additional 52,020 shares during the last quarter. 98.38% of the stock is owned by institutional investors and hedge funds.

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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