Cooper-Standard Holdings Inc. (CPS) Trading 5.6% Higher
Cooper-Standard Holdings Inc. (NYSE:CPS) shares traded up 5.6% on Tuesday . The company traded as high as $96.10 and last traded at $96.00, with a volume of 726,934 shares changing hands. The stock had previously closed at $90.92.
A number of research analysts recently weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $96.00 target price (up from $83.00) on shares of Cooper-Standard Holdings in a report on Thursday, May 5th. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Roth Capital assumed coverage on shares of Cooper-Standard Holdings in a report on Wednesday, July 6th. They issued a “buy” rating and a $105.00 target price for the company. Seaport Global Securities assumed coverage on shares of Cooper-Standard Holdings in a research note on Tuesday. They set a “buy” rating and a $108.00 price objective for the company. Finally, Bank of America Corp. lowered shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cooper-Standard Holdings presently has a consensus rating of “Buy” and an average price target of $99.67.
The firm has a 50 day moving average of $84.98 and a 200-day moving average of $78.46. The firm has a market capitalization of $1.64 billion and a price-to-earnings ratio of 13.98.
Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, July 28th. The company reported $2.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.61. The business had revenue of $879.30 million for the quarter, compared to analyst estimates of $875.98 million. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts predict that Cooper-Standard Holdings Inc. will post $10.18 EPS for the current year.
In related news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $87.01, for a total value of $62,253,305.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William Pumphrey sold 5,244 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $95.86, for a total value of $502,689.84. Following the completion of the transaction, the senior vice president now directly owns 14,837 shares of the company’s stock, valued at $1,422,274.82. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of CPS. Swiss National Bank purchased a new position in Cooper-Standard Holdings during the fourth quarter valued at approximately $1,715,000. Rhumbline Advisers boosted its stake in shares of Cooper-Standard Holdings by 1.1% in the fourth quarter. Rhumbline Advisers now owns 17,537 shares of the company’s stock valued at $1,361,000 after buying an additional 190 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Cooper-Standard Holdings by 17.5% in the fourth quarter. New York State Common Retirement Fund now owns 20,541 shares of the company’s stock valued at $1,594,000 after buying an additional 3,061 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Cooper-Standard Holdings by 504.3% in the fourth quarter. Bank of Montreal Can now owns 19,883 shares of the company’s stock valued at $1,544,000 after buying an additional 16,593 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Cooper-Standard Holdings during the fourth quarter valued at about $1,211,000.
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
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