Cooper-Standard Holdings Inc (NYSE:CPS) Receives Average Rating of “Hold” from Brokerages

Cooper-Standard Holdings Inc (NYSE:CPS) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $54.75.

CPS has been the topic of several recent research reports. ValuEngine upgraded shares of Cooper-Standard from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 4th. Goldman Sachs Group downgraded Cooper-Standard from a “neutral” rating to a “sell” rating and lowered their price target for the company from $51.00 to $36.00 in a research report on Thursday, June 13th. Zacks Investment Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Roth Capital lowered 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.

CPS traded down $0.52 during mid-day trading on Tuesday, hitting $43.20. The stock had a trading volume of 114,611 shares, compared to its average volume of 189,911. The business’s fifty day simple moving average is $43.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.44 and a quick ratio of 1.24. The firm has a market cap of $763.17 million, a price-to-earnings ratio of 4.91 and a beta of 1.50. Cooper-Standard has a 1-year low of $36.11 and a 1-year high of $146.77.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $887.56 million. During the same period in the prior year, the firm earned $3.45 EPS. Cooper-Standard’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, analysts forecast that Cooper-Standard will post 5.19 earnings per share for the current year.

In related news, SVP William Pumphrey acquired 5,320 shares of Cooper-Standard stock in a transaction on Friday, June 14th. The shares were bought at an average price of $39.00 per share, for a total transaction of $207,480.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey A. Debest acquired 1,750 shares of Cooper-Standard stock in a transaction on Friday, May 31st. The shares were bought at an average price of $39.47 per share, for a total transaction of $69,072.50. Following the purchase, the insider now owns 2,500 shares of the company’s stock, valued at $98,675. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CPS. First Mercantile Trust Co. lifted its holdings in shares of Cooper-Standard by 13.6% in the first quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 270 shares in the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Cooper-Standard by 100.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock worth $134,000 after acquiring an additional 1,400 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Cooper-Standard in the 4th quarter worth approximately $154,000. Commonwealth Bank of Australia lifted its holdings in shares of Cooper-Standard by 28.6% in the 4th quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock worth $167,000 after acquiring an additional 600 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Cooper-Standard by 165.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock worth $192,000 after acquiring an additional 2,552 shares during the last quarter. Institutional investors own 95.99% 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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Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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