Roth Capital Increases Cooper-Standard Holdings Inc. (CPS) Price Target to $130.00
Cooper-Standard Holdings Inc. (NYSE:CPS) had its price target upped by Roth Capital from $125.00 to $130.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the auto parts company’s stock. Roth Capital’s price target indicates a potential upside of 11.17% from the stock’s previous close.
Several other analysts also recently weighed in on CPS. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Buckingham Research reduced their price objective on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Goldman Sachs Group, Inc. (The) downgraded shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price objective for the company. in a research note on Monday, October 16th. Finally, BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $117.17.
Cooper-Standard Holdings (NYSE CPS) traded up $1.63 during trading on Thursday, hitting $116.94. 133,422 shares of the stock traded hands, compared to its average volume of 134,551. The company has a quick ratio of 1.55, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. Cooper-Standard Holdings has a 1 year low of $82.50 and a 1 year high of $118.60. The company has a market capitalization of $2,050.08, a P/E ratio of 11.18, a PEG ratio of 2.29 and a beta of 0.74.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). Cooper-Standard Holdings had a net margin of 3.88% and a return on equity of 24.99%. The company had revenue of $869.02 million for the quarter, compared to the consensus estimate of $844.14 million. During the same period in the prior year, the firm posted $2.48 EPS. The business’s revenue was up 1.6% on a year-over-year basis. research analysts expect that Cooper-Standard Holdings will post 10.7 earnings per share for the current year.
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In other Cooper-Standard Holdings news, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total value of $87,365.00. Following the transaction, the insider now directly owns 866 shares of the company’s stock, valued at $87,466. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 7,000 shares of Cooper-Standard Holdings stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $117.51, for a total transaction of $822,570.00. The disclosure for this sale can be found here. Insiders sold 200,365 shares of company stock valued at $23,185,705 in the last three months. 1.10% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPS. BlackRock Inc. grew its holdings in Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock worth $230,278,000 after purchasing an additional 2,071,687 shares during the last quarter. Alliancebernstein L.P. grew 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 worth $53,149,000 after purchasing an additional 506,102 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cooper-Standard Holdings by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock worth $218,311,000 after purchasing an additional 129,224 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Cooper-Standard Holdings 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 last quarter. Finally, Acadian Asset Management LLC grew its holdings in Cooper-Standard Holdings 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 last quarter. 95.28% 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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