Cooper-Standard Holdings Inc. (CPS) Rating Lowered to Neutral at Goldman Sachs Group, Inc. (The)
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by equities research analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a report issued on Monday. They presently have a $113.00 price target on the auto parts company’s stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 0.91% from the stock’s previous close.
Several other brokerages have also recently weighed in on CPS. Zacks Investment Research raised shares of Cooper-Standard Holdings 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. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine cut shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $113.80.
Cooper-Standard Holdings (CPS) opened at 111.98 on Monday. Cooper-Standard Holdings has a 1-year low of $82.50 and a 1-year high of $118.60. The stock has a market cap of $1.99 billion, a P/E ratio of 14.11 and a beta of 0.77. The company has a 50-day moving average of $108.96 and a 200 day moving average of $106.24.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 EPS. Analysts predict that Cooper-Standard Holdings will post $10.68 EPS for the current year.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 7,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $117.51, for a total value of $822,570.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the completion of the transaction, the vice president now directly 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 189,365 shares of company stock worth $21,957,005 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System lifted its position in shares of 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 purchasing an additional 100 shares in the last quarter. LSV Asset Management lifted its position in shares of Cooper-Standard Holdings by 5.7% during the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock worth $80,869,000 after purchasing an additional 43,200 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Cooper-Standard Holdings by 3.6% during the first quarter. Thrivent Financial For Lutherans now owns 9,880 shares of the auto parts company’s stock worth $1,096,000 after purchasing an additional 340 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Cooper-Standard Holdings by 24.5% during the second quarter. BNP Paribas Arbitrage SA now owns 6,701 shares of the auto parts company’s stock worth $676,000 after purchasing an additional 1,318 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Cooper-Standard Holdings by 12.2% during the first quarter. SG Americas Securities LLC now owns 4,212 shares of the auto parts company’s stock worth $467,000 after purchasing an additional 458 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.
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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