Cooper-Standard (CPS) Receiving Somewhat Favorable Press Coverage, Study Shows
News stories about Cooper-Standard (NYSE:CPS) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cooper-Standard earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 46.3142236121946 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Cooper-Standard Holdings Inc (CPS) Position Lifted by Arizona State Retirement System (americanbankingnews.com)
- Cooper-Standard (CPS) Price Target Increased to $90.00 by Analysts at Bank of America (americanbankingnews.com)
- Cooper-Standard Holdings Inc (CPS) Holdings Reduced by Kennedy Capital Management Inc. (americanbankingnews.com)
- Market Trends Toward New Normal in Renasant, Sturm, Ruger, Ruth’s Hospitality Group, Forward Air, Cooper-Standard, and ABIOMED — Emerging Consolidated Expectations, Analyst Ratings (finance.yahoo.com)
- Cooper-Standard Holdings Inc (CPS) Insider Aleksandra A. Miziolek Sells 1,700 Shares (americanbankingnews.com)
Several equities analysts recently issued reports on CPS shares. Roth Capital lifted their price objective on shares of Cooper-Standard from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. KeyCorp reissued a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. ValuEngine raised shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Cooper-Standard from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Bank of America lifted their price objective on shares of Cooper-Standard from $85.00 to $90.00 and gave the company an “underperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $121.33.
Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, February 15th. The auto parts company reported $3.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.24. The company had revenue of $937.90 million during the quarter, compared to the consensus estimate of $912.01 million. Cooper-Standard had a net margin of 3.74% and a return on equity of 25.31%. Cooper-Standard’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.80 earnings per share. equities research analysts anticipate that Cooper-Standard will post 11.44 EPS for the current year.
In other Cooper-Standard news, insider Aleksandra A. Miziolek sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $123.95, for a total value of $210,715.00. Following the completion of the sale, the insider now directly owns 2,709 shares in the company, valued at $335,780.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
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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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