Cooper-Standard Holdings Inc. (NYSE:CPS) had its price target cut by investment analysts at Buckingham Research from $131.00 to $129.00 in a research report issued on Thursday, October 19th. The brokerage presently has a “buy” rating on the auto parts company’s stock. Buckingham Research’s price objective suggests a potential upside of 14.90% from the company’s current price.
A number of other brokerages have also recently issued reports on CPS. Goldman Sachs Group, Inc. (The) cut Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research report on Monday, October 16th. Zacks Investment Research raised Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research report on Monday, October 9th. Finally, BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Cooper-Standard Holdings presently has a consensus rating of “Hold” and a consensus price target of $114.60.
Cooper-Standard Holdings (NYSE CPS) traded down 2.28% on Thursday, hitting $112.27. 83,155 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $111.58 and a 200-day moving average price of $106.75. Cooper-Standard Holdings has a 12 month low of $82.50 and a 12 month high of $118.60. The stock has a market cap of $1.99 billion, a P/E ratio of 14.14 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $909.10 million for the quarter, compared to the consensus estimate of $884.02 million. During the same quarter in the prior year, the business posted $2.85 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts predict that Cooper-Standard Holdings will post $10.62 earnings per share for the current fiscal year.
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In other news, insider Aleksandra A. Miziolek sold 865 shares of the firm’s stock in a transaction 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 sale, the insider now owns 866 shares in the company, valued at $87,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction on 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 owns 63,584 shares in the company, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. Insiders sold a total of 200,365 shares of company stock valued at $23,185,705 over the last ninety days. 1.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Cooper-Standard Holdings by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock valued at $222,489,000 after acquiring an additional 129,820 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Cooper-Standard Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock valued at $205,384,000 after acquiring an additional 68,126 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cooper-Standard Holdings by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 815,147 shares of the auto parts company’s stock valued at $82,224,000 after acquiring an additional 21,750 shares during the last quarter. LSV Asset Management boosted its holdings in Cooper-Standard Holdings by 5.7% in the second 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. Finally, Alliancebernstein L.P. boosted its holdings in Cooper-Standard Holdings by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after acquiring an additional 506,102 shares during the last quarter. Hedge funds and other institutional investors own 95.26% of the company’s stock.
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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