KeyCorp Reiterates Hold Rating for Cooper-Standard (CPS)

KeyCorp reissued their hold rating on shares of Cooper-Standard (NYSE:CPS) in a research report released on Friday, November 17th.

A number of other brokerages also recently commented on CPS. Zacks Investment Research upgraded shares of Cooper-Standard from a sell rating to a hold rating in a report on Friday, November 3rd. Goldman Sachs Group downgraded shares of Cooper-Standard from a buy rating to a neutral rating and set a $113.00 price target for the company. in a report on Monday, October 16th. Buckingham Research decreased their target price on shares of Cooper-Standard from $131.00 to $129.00 and set a buy rating on the stock in a research report on Thursday, October 19th. Finally, Roth Capital lifted their price target on shares of Cooper-Standard from $125.00 to $130.00 and gave the company a buy rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $117.17.

Shares of Cooper-Standard (NYSE:CPS) traded down $0.89 during trading hours on Friday, reaching $119.81. 93,915 shares of the company were exchanged, compared to its average volume of 124,363. Cooper-Standard has a 12-month low of $95.33 and a 12-month high of $128.52. The firm has a market cap of $2,168.56, a PE ratio of 11.83, a P/E/G ratio of 2.32 and a beta of 0.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.36 by ($0.25). Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The company had revenue of $869.02 million during the quarter, compared to analysts’ expectations of $844.14 million. During the same quarter in the prior year, the business earned $2.48 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. analysts anticipate that Cooper-Standard will post 10.84 earnings per share for the current fiscal year.

In other Cooper-Standard news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $116.67, for a total transaction of $7,233,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Song Min Lee sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $119.00, for a total transaction of $476,000.00. Following the sale, the senior vice president now owns 12,163 shares of the company’s stock, valued at approximately $1,447,397. The disclosure for this sale can be found here. Insiders have sold 209,950 shares of company stock worth $24,347,124 in the last quarter. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CPS. Alliancebernstein L.P. lifted its holdings in Cooper-Standard by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock worth $53,149,000 after purchasing an additional 506,102 shares during the period. BlackRock Inc. lifted its holdings in Cooper-Standard by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock worth $222,489,000 after purchasing an additional 129,820 shares during the period. Granite Investment Partners LLC acquired a new stake in Cooper-Standard in the third quarter worth about $11,413,000. Renaissance Technologies LLC lifted its holdings in Cooper-Standard by 23.6% in the second quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock worth $41,881,000 after purchasing an additional 79,200 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Cooper-Standard by 713.4% in the second quarter. Acadian Asset Management LLC now owns 80,533 shares of the auto parts company’s stock worth $8,123,000 after purchasing an additional 70,632 shares during the period. 96.04% of the stock is owned by institutional investors.

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Cooper-Standard 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.

Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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