Cooper-Standard (NYSE:CPS) had its target price raised by investment analysts at Roth Capital from $130.00 to $150.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the auto parts company’s stock. Roth Capital’s target price points to a potential upside of 13.16% from the stock’s previous close.
Several other analysts have also issued reports on CPS. Zacks Investment Research raised shares of Cooper-Standard from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Monday, October 9th. Goldman Sachs Group lowered shares of Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research report on Monday, October 16th. Buckingham Research dropped their price target 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. KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Finally, ValuEngine raised shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $120.50.
Cooper-Standard (NYSE CPS) traded down $0.31 during midday trading on Tuesday, reaching $132.56. 96,700 shares of the company’s stock traded hands, compared to its average volume of 100,643. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.75 and a quick ratio of 1.52. Cooper-Standard has a 1 year low of $95.33 and a 1 year high of $135.00. The company has a market capitalization of $2,340.00, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.38 and a beta of 0.85.
Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The firm had revenue of $869.02 million for the quarter, compared to the consensus estimate of $844.14 million. During the same period last year, the company posted $2.48 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. sell-side analysts expect that Cooper-Standard will post 10.83 EPS for the current fiscal year.
In other Cooper-Standard news, SVP Song Min Lee sold 4,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $119.00, for a total value of $476,000.00. Following the transaction, the senior vice president now directly owns 12,163 shares in the company, valued at $1,447,397. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Miguel Posada Juan Fernando De sold 3,028 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $119.38, for a total transaction of $361,482.64. Following the completion of the transaction, the insider now owns 16,389 shares in the company, valued at $1,956,518.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,450 shares of company stock worth $1,248,784. Corporate insiders own 1.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Parametrica Management Ltd acquired a new position in shares of Cooper-Standard in the third quarter valued at about $236,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Cooper-Standard in the third quarter valued at about $315,000. BNP Paribas Arbitrage SA grew its stake in shares of Cooper-Standard by 35.7% in the third quarter. BNP Paribas Arbitrage SA now owns 9,091 shares of the auto parts company’s stock valued at $1,054,000 after acquiring an additional 2,390 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Cooper-Standard in the third quarter valued at about $366,000. Finally, Wells Fargo & Company MN grew its stake in shares of Cooper-Standard by 8.5% in the third quarter. Wells Fargo & Company MN now owns 224,192 shares of the auto parts company’s stock valued at $26,000,000 after acquiring an additional 17,555 shares in the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
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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.
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