ValuEngine Downgrades Cooper-Standard (CPS) to Sell

ValuEngine downgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

Several other research analysts have also commented on the company. Roth Capital dropped their price target on Cooper-Standard from $76.00 to $60.00 and set a buy rating for the company in a research report on Friday, May 3rd. Zacks Investment Research lowered Cooper-Standard from a hold rating to a strong sell rating in a research report on Tuesday, April 23rd. Bank of America reiterated an underperform rating and issued a $40.00 price target (down previously from $63.00) on shares of Cooper-Standard in a research report on Wednesday, February 20th. Finally, Seaport Global Securities began coverage on Cooper-Standard in a research report on Wednesday, February 13th. They issued a neutral rating for the company. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $61.00.

Shares of CPS stock opened at $45.42 on Wednesday. Cooper-Standard has a 12-month low of $44.78 and a 12-month high of $146.77. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $810.23 million, a PE ratio of 5.17 and a beta of 1.34.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Wednesday, May 1st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.33). Cooper-Standard had a return on equity of 12.38% and a net margin of 1.34%. The firm had revenue of $880.00 million during the quarter, compared to the consensus estimate of $887.56 million. During the same period last year, the firm posted $3.45 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, analysts predict that Cooper-Standard will post 5.16 EPS for the current year.

In related news, CFO Jonathan P. Banas purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was bought at an average price of $59.99 per share, for a total transaction of $59,990.00. Following the completion of the transaction, the chief financial officer now owns 1,583 shares in the company, valued at approximately $94,964.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sharon Wenzl sold 600 shares of Cooper-Standard stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $52.62, for a total value of $31,572.00. Following the completion of the transaction, the insider now owns 1,004 shares of the company’s stock, valued at approximately $52,830.48. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPS. Teachers Advisors LLC boosted its position in shares of Cooper-Standard by 3.3% during the third quarter. Teachers Advisors LLC now owns 35,870 shares of the auto parts company’s stock valued at $4,304,000 after buying an additional 1,153 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of Cooper-Standard by 44.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 4,304 shares of the auto parts company’s stock valued at $267,000 after buying an additional 1,328 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Cooper-Standard by 48.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,299 shares of the auto parts company’s stock valued at $329,000 after buying an additional 1,720 shares during the period. Rhumbline Advisers boosted its position in shares of Cooper-Standard by 22.0% during the fourth quarter. Rhumbline Advisers now owns 50,222 shares of the auto parts company’s stock valued at $3,120,000 after buying an additional 9,061 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Cooper-Standard by 1,300.4% during the fourth quarter. SG Americas Securities LLC now owns 45,388 shares of the auto parts company’s stock valued at $2,820,000 after buying an additional 42,147 shares during the period. Institutional investors own 95.95% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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