Cooper-Standard Holdings Inc. (CPS) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a hold rating to a buy rating in a report issued on Wednesday morning. The firm currently has $107.00 target price on the stock.
According to Zacks, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan. “
A number of other research analysts also recently weighed in on the company. Goldman Sachs Group Inc. upgraded Cooper-Standard Holdings from a neutral rating to a buy rating and set a $100.00 price target for the company in a research note on Tuesday, November 22nd. Jefferies Group downgraded Cooper-Standard Holdings from a buy rating to a hold rating and set a $105.00 price target for the company. in a research note on Wednesday, October 19th. Buckingham Research downgraded Cooper-Standard Holdings from a buy rating to a neutral rating and raised their price target for the company from $101.00 to $105.00 in a research note on Tuesday, September 27th. Roth Capital set a $115.00 price objective on Cooper-Standard Holdings and gave the company a buy rating in a research report on Sunday, September 18th. Finally, Seaport Global Securities started coverage on Cooper-Standard Holdings in a research report on Tuesday, August 9th. They issued a buy rating and a $108.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $106.67.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 95.32 on Wednesday. The company has a market capitalization of $1.68 billion, a PE ratio of 13.74 and a beta of 0.68. The firm has a 50-day moving average price of $92.20 and a 200-day moving average price of $91.28. Cooper-Standard Holdings has a 12 month low of $63.01 and a 12 month high of $107.94.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Monday, October 31st. The company reported $2.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.08. The firm earned $855.70 million during the quarter, compared to the consensus estimate of $828.18 million. Cooper-Standard Holdings had a return on equity of 30.67% and a net margin of 3.75%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $2.23 earnings per share. On average, equities research analysts predict that Cooper-Standard Holdings will post $10.32 EPS for the current year.
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In related news, insider Hill Advisors Genpar L.P. Oak sold 15,616 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $102.05, for a total transaction of $1,593,612.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Silver Point Capital L.P. sold 142,000 shares of the business’s stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of $101.55, for a total value of $14,420,100.00. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Rothschild Asset Management Inc. increased its position in shares of Cooper-Standard Holdings by 10.9% in the second quarter. Rothschild Asset Management Inc. now owns 295,786 shares of the company’s stock valued at $23,364,000 after buying an additional 29,175 shares during the last quarter. Suntrust Banks Inc. acquired a new position in shares of Cooper-Standard Holdings during the second quarter worth about $226,000. California State Teachers Retirement System increased its position in shares of Cooper-Standard Holdings by 7.7% in the second quarter. California State Teachers Retirement System now owns 31,096 shares of the company’s stock worth $2,456,000 after buying an additional 2,236 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Cooper-Standard Holdings by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 180,590 shares of the company’s stock worth $14,265,000 after buying an additional 7,324 shares in the last quarter. Finally, Kalos Management Inc. acquired a new position in shares of Cooper-Standard Holdings during the second quarter worth about $301,000. Institutional investors and hedge funds own 96.75% of the company’s stock.
Cooper-Standard Holdings Company Profile
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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