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.

Analyst Recommendations for Cooper-Standard Holdings (NYSE:CPS)

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.

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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.

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