Cooper-Standard Holdings Inc. (CPS) Upgraded by Zacks Investment Research to “Buy”
Cooper-Standard Holdings Inc. (NYSE:CPS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $107.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 12.25% from the company’s previous close.
According to Zacks, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan. “
CPS has been the topic of a number of other research reports. Jefferies Group downgraded Cooper-Standard Holdings from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 19th. Buckingham Research downgraded Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and increased their price target for the company from $101.00 to $105.00 in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $99.00 price target (up previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Saturday, October 8th. Seaport Global Securities initiated coverage on Cooper-Standard Holdings in a research note on Tuesday, August 9th. They issued a “buy” rating and a $108.00 price target on the stock. Finally, Roth Capital set a $115.00 price target on Cooper-Standard Holdings and gave the company a “buy” rating in a research note on Sunday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Cooper-Standard Holdings currently has an average rating of “Hold” and an average price target of $106.67.
Cooper-Standard Holdings (NYSE:CPS) traded down 0.60% during mid-day trading on Wednesday, reaching $95.32. The company had a trading volume of 96,546 shares. Cooper-Standard Holdings has a 12 month low of $63.01 and a 12 month high of $107.94. The firm’s 50-day moving average price is $92.07 and its 200-day moving average price is $91.36. The stock has a market cap of $1.68 billion, a PE ratio of 13.74 and a beta of 0.68.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Monday, October 31st. The company reported $2.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.08. The company had revenue of $855.70 million for the quarter, compared to the consensus estimate of $828.18 million. Cooper-Standard Holdings had a return on equity of 30.67% and a net margin of 3.75%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 EPS. Equities research analysts forecast that Cooper-Standard Holdings will post $10.32 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Cooper-Standard Holdings Inc. (CPS) Upgraded by Zacks Investment Research to “Buy”” was originally reported by Daily Political and is the propert of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The correct version of this news story can be read at http://www.dailypolitical.com/2016/11/30/cooper-standard-holdings-inc-cps-upgraded-by-zacks-investment-research-to-buy.html.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 20,000 shares of the stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $100.66, for a total transaction of $2,013,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hill Advisors Genpar L.P. Oak sold 192,688 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $100.87, for a total value of $19,436,438.56. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Cooper-Standard Holdings by 37.8% in the third quarter. Creative Planning now owns 1,257 shares of the company’s stock worth $124,000 after buying an additional 345 shares during the period. Quantbot Technologies LP boosted its position in Cooper-Standard Holdings by 288.1% in the third quarter. Quantbot Technologies LP now owns 1,335 shares of the company’s stock worth $131,000 after buying an additional 991 shares during the period. Pacad Investment Ltd. purchased a new position in Cooper-Standard Holdings during the second quarter worth about $150,000. PNC Financial Services Group Inc. boosted its position in Cooper-Standard Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the company’s stock worth $158,000 after buying an additional 156 shares during the period. Finally, Acrospire Investment Management LLC boosted its position in Cooper-Standard Holdings by 14.8% in the second quarter. Acrospire Investment Management LLC now owns 2,331 shares of the company’s stock worth $184,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 96.75% of the company’s stock.
Cooper-Standard Holdings Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.