Cooper-Standard Holdings Inc. (CPS) Hits New 1-Year High at $100.18
Cooper-Standard Holdings Inc. (NYSE:CPS)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $100.18 and last traded at $99.49, with a volume of 71,057 shares changing hands. The stock had previously closed at $98.79.
A number of brokerages have commented on CPS. Seaport Global Securities began coverage on Cooper-Standard Holdings in a report on Tuesday, August 9th. They set a “buy” rating and a $108.00 target price for the company. Zacks Investment Research cut Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Jefferies Group reduced their target price on Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating for the company in a report on Monday, August 1st. Bank of America Corp. cut Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. assumed coverage on Cooper-Standard Holdings in a report on Tuesday, June 14th. They set a “neutral” rating and a $95.00 target price for the company. 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 stock. Cooper-Standard Holdings has a consensus rating of “Buy” and an average price target of $99.67.
The firm’s 50 day moving average price is $89.46 and its 200 day moving average price is $80.51. The firm has a market cap of $1.72 billion and a P/E ratio of 14.67.
Cooper-Standard Holdings (NYSE:CPS) last issued its earnings results on Thursday, July 28th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.61. The company earned $879.30 million during the quarter, compared to analyst estimates of $875.98 million. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Cooper-Standard Holdings Inc. will post $10.18 earnings per share for the current fiscal year.
In other Cooper-Standard Holdings news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $87.01, for a total value of $62,253,305.73. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sharon Wenzl sold 447 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $97.13, for a total transaction of $43,417.11. Following the completion of the sale, the insider now owns 825 shares in the company, valued at approximately $80,132.25. The disclosure for this sale can be found here.
A number of hedge funds have modified their holdings of CPS. Matarin Capital Management LLC acquired a new stake in shares of Cooper-Standard Holdings during the fourth quarter worth $3,870,000. Marshall Wace LLP acquired a new stake in shares of Cooper-Standard Holdings during the fourth quarter worth $1,211,000. 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 worth $1,544,000 after buying an additional 16,593 shares during the last quarter. Finally, 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 worth $1,361,000 after buying an additional 190 shares during the last quarter.
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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