A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Cooper-Standard from a sell rating to a hold rating in a research report on Friday, November 3rd. Roth Capital upped their target price on Cooper-Standard from $125.00 to $130.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Buckingham Research cut their target price on Cooper-Standard from $131.00 to $129.00 and set a buy rating on the stock in a research note on Thursday, October 19th. Finally, Goldman Sachs Group cut Cooper-Standard from a buy rating to a neutral rating and set a $113.00 price objective on the stock. in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Cooper-Standard currently has a consensus rating of Hold and an average target price of $117.17.
Shares of Cooper-Standard (NYSE:CPS) traded down $1.99 during trading on Friday, hitting $117.82. The stock had a trading volume of 51,088 shares, compared to its average volume of 124,051. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2,115.97, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 2.27 and a beta of 0.80. Cooper-Standard has a fifty-two week low of $95.33 and a fifty-two week high of $128.52.
In other Cooper-Standard news, major shareholder Silver Point Capital L.P. sold 30,000 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $116.30, for a total transaction of $3,489,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the sale, the vice president now directly owns 63,584 shares in the company, valued at $6,678,863.36. The disclosure for this sale can be found here. Insiders have sold a total of 209,950 shares of company stock worth $24,347,124 in the last ninety days. Insiders own 1.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its position in shares of Cooper-Standard by 78.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock valued at $116,000 after acquiring an additional 500 shares during the period. Riverhead Capital Management LLC boosted its holdings in Cooper-Standard by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock worth $144,000 after buying an additional 632 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in Cooper-Standard in the 2nd quarter worth about $146,000. Ameritas Investment Partners Inc. boosted its holdings in Cooper-Standard by 20.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after buying an additional 259 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its holdings in Cooper-Standard by 66.7% in the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock worth $155,000 after buying an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Cooper-Standard (CPS) Stock Rating Reaffirmed by KeyCorp” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://stocknewstimes.com/2017/12/06/cooper-standard-holdings-inc-cps-given-hold-rating-at-keycorp.html.
Cooper-Standard 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.
Receive News & Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.