Cooper-Standard (CPS) Stock Rating Reaffirmed by KeyCorp

KeyCorp reissued their hold rating on shares of Cooper-Standard (NYSE:CPS) in a report released on Friday, November 17th.

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.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The firm had revenue of $869.02 million during the quarter, compared to analysts’ expectations of $844.14 million. During the same quarter in the prior year, the firm posted $2.48 earnings per share. Cooper-Standard’s quarterly revenue was up 1.6% on a year-over-year basis. analysts forecast that Cooper-Standard will post 10.84 earnings per share for the current year.

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.

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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.

Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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