Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by stock analysts at Jefferies Group to a “hold” rating in a report issued on Wednesday.
A number of other research firms also recently commented on CPS. Buckingham Research downgraded Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $101.00 to $105.00 in a report on Tuesday, September 27th. Roth Capital set a $115.00 price objective on Cooper-Standard Holdings and gave the stock a “buy” rating in a report on Sunday, September 18th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $99.00 price objective (up previously from $94.00) on shares of Cooper-Standard Holdings in a report on Saturday, October 8th. Zacks Investment Research downgraded Cooper-Standard Holdings from a “strong-buy” rating to a “hold” rating in a report on Monday, October 10th. Finally, Seaport Global Securities assumed coverage on Cooper-Standard Holdings in a report on Tuesday, August 9th. They issued a “buy” rating and a $108.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Cooper-Standard Holdings presently has an average rating of “Hold” and an average target price of $102.43.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 95.31 on Wednesday. The firm has a market cap of $1.65 billion, a P/E ratio of 14.07 and a beta of 0.62. The stock’s 50 day moving average is $100.69 and its 200-day moving average is $88.58. Cooper-Standard Holdings has a 52-week low of $63.00 and a 52-week high of $107.94.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, July 28th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The firm had revenue of $879.30 million for the quarter, compared to the consensus estimate of $875.98 million. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Cooper-Standard Holdings will post $10.18 earnings per share for the current fiscal year.
In related news, major shareholder Silver Point Capital L.P. sold 142,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $101.55, for a total transaction of $14,420,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sharon Wenzl sold 447 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $97.13, for a total value of $43,417.11. Following the transaction, the insider now directly owns 825 shares in the company, valued at $80,132.25. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CPS. Teachers Advisors Inc. raised its position in Cooper-Standard Holdings by 13.4% in the first quarter. Teachers Advisors Inc. now owns 22,120 shares of the company’s stock worth $1,589,000 after buying an additional 2,616 shares during the last quarter. Prudential Financial Inc. raised its position in Cooper-Standard Holdings by 112.9% in the first quarter. Prudential Financial Inc. now owns 48,214 shares of the company’s stock worth $3,463,000 after buying an additional 25,564 shares during the last quarter. BlackRock Group LTD raised its position in Cooper-Standard Holdings by 72.2% in the first quarter. BlackRock Group LTD now owns 11,770 shares of the company’s stock worth $846,000 after buying an additional 4,934 shares during the last quarter. UBS Group AG raised its position in Cooper-Standard Holdings by 9.4% in the first quarter. UBS Group AG now owns 109,934 shares of the company’s stock worth $7,897,000 after buying an additional 9,469 shares during the last quarter. Finally, Nicholas Investment Partners LP raised its position in Cooper-Standard Holdings by 21.4% in the first quarter. Nicholas Investment Partners LP now owns 61,949 shares of the company’s stock worth $4,450,000 after buying an additional 10,935 shares during the last quarter. 96.91% of the stock is currently owned by institutional investors and hedge funds.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
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