Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $108.40.
Several brokerages recently issued reports on CPS. Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. ValuEngine raised Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $117.00 target price on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 100.44 on Friday. Cooper-Standard Holdings has a 52 week low of $82.50 and a 52 week high of $118.59. The firm has a market capitalization of $1.78 billion, a P/E ratio of 12.65 and a beta of 0.72. The firm’s 50-day moving average is $102.43 and its 200-day moving average is $107.28.
Cooper-Standard Holdings (NYSE:CPS) last released 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 firm had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 EPS. Equities analysts anticipate that Cooper-Standard Holdings will post $10.67 EPS for the current year.
In related news, insider Miguel Posada Juan Fernando De sold 2,289 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $110.30, for a total value of $252,476.70. Following the completion of the transaction, the insider now owns 4,689 shares of the company’s stock, valued at approximately $517,196.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 16,000 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $108.46, for a total value of $1,735,360.00. The disclosure for this sale can be found here. Insiders sold 319,122 shares of company stock worth $34,081,804 in the last 90 days. Company insiders own 3.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC boosted its position in shares of Cooper-Standard Holdings by 13.8% in the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock worth $103,000 after buying an additional 112 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in Cooper-Standard Holdings by 13.8% in the first quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock valued at $125,000 after buying an additional 136 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Cooper-Standard Holdings during the first quarter valued at approximately $142,000. Riverhead Capital Management LLC boosted its stake in Cooper-Standard Holdings by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after buying an additional 632 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new stake in Cooper-Standard Holdings during the second quarter valued at approximately $146,000. 95.02% of the stock is owned by institutional investors and hedge funds.
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About Cooper-Standard Holdings
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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