Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a buy rating to a neutral rating in a research report report published on Monday, October 16th, MarketBeat reports. Goldman Sachs Group, Inc. (The) currently has $113.00 price target on the auto parts company’s stock.
Other equities research analysts have also recently issued reports about the company. ValuEngine cut Cooper-Standard Holdings from a strong-buy rating to a buy rating in a research note on Tuesday, June 20th. Zacks Investment Research raised Cooper-Standard Holdings from a hold rating to a buy rating and set a $129.00 price objective for the company in a research note on Monday, October 9th. Finally, BidaskClub raised Cooper-Standard Holdings from a sell rating to a hold rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $114.60.
Cooper-Standard Holdings (CPS) opened at 114.89 on Monday. Cooper-Standard Holdings has a 1-year low of $82.50 and a 1-year high of $118.60. The stock’s 50 day moving average price is $110.86 and its 200 day moving average price is $106.62. The firm has a market cap of $2.04 billion, a P/E ratio of 14.47 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company had revenue of $909.10 million during the quarter, compared to analysts’ expectations of $884.02 million. During the same period last year, the firm earned $2.85 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts predict that Cooper-Standard Holdings will post $10.62 EPS for the current year.
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In other Cooper-Standard Holdings news, insider Aleksandra A. Miziolek sold 865 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total transaction of $87,365.00. Following the transaction, the insider now owns 866 shares of the company’s stock, valued at $87,466. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Silver Point Capital L.P. sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $111.70, for a total value of $1,228,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,365 shares of company stock worth $23,185,705. Corporate insiders own 1.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Arizona State Retirement System grew its position in Cooper-Standard Holdings by 1.1% during the second quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock worth $938,000 after buying an additional 100 shares in the last quarter. LSV Asset Management lifted its stake in shares of Cooper-Standard Holdings by 5.7% in the 2nd quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after acquiring an additional 43,200 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Cooper-Standard Holdings by 24.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,701 shares of the auto parts company’s stock valued at $676,000 after acquiring an additional 1,318 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Cooper-Standard Holdings by 3.6% in the 1st 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 during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Cooper-Standard Holdings by 12.2% in the 1st 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 during the last quarter. 95.26% of the stock is currently owned by institutional investors and hedge funds.
Cooper-Standard Holdings 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.
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