Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $108.40.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th.
In other news, major shareholder Silver Point Capital L.P. sold 500 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $105.76, for a total transaction of $52,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sharon Wenzl sold 293 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $108.17, for a total transaction of $31,693.81. Following the sale, the insider now directly owns 1,583 shares of the company’s stock, valued at $171,233.11. The disclosure for this sale can be found here. Insiders have sold 254,158 shares of company stock valued at $26,902,209 over the last three months. Insiders own 1.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC raised its holdings in shares of Cooper-Standard Holdings by 7.3% in the first quarter. Mason Street Advisors LLC now owns 4,139 shares of the auto parts company’s stock valued at $459,000 after acquiring an additional 281 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Cooper-Standard Holdings by 4.9% in the first quarter. Ameriprise Financial Inc. now owns 452,525 shares of the auto parts company’s stock valued at $50,196,000 after acquiring an additional 20,962 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Cooper-Standard Holdings by 3.6% in the first quarter. Thrivent Financial For Lutherans now owns 9,880 shares of the auto parts company’s stock valued at $1,096,000 after acquiring an additional 340 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Cooper-Standard Holdings by 29.8% in the first quarter. Wells Fargo & Company MN now owns 220,521 shares of the auto parts company’s stock valued at $24,462,000 after acquiring an additional 50,660 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Cooper-Standard Holdings by 12.2% in the first quarter. SG Americas Securities LLC now owns 4,212 shares of the auto parts company’s stock valued at $467,000 after acquiring an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
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Shares of Cooper-Standard Holdings (NYSE CPS) traded up 0.04% during midday trading on Friday, hitting $101.77. 108,235 shares of the stock were exchanged. The firm has a 50-day moving average of $100.99 and a 200-day moving average of $106.26. The company has a market capitalization of $1.80 billion, a P/E ratio of 12.82 and a beta of 0.73. Cooper-Standard Holdings has a 1-year low of $82.50 and a 1-year high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. Cooper-Standard Holdings’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 earnings per share. On average, equities analysts expect that Cooper-Standard Holdings will post $10.70 EPS for the current year.
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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