Cooper-Standard Holdings Inc. to Post Q4 2016 Earnings of $2.22 Per Share, Roth Capital Forecasts (CPS)
Cooper-Standard Holdings Inc. (NYSE:CPS) – Analysts at Roth Capital lowered their Q4 2016 EPS estimates for shares of Cooper-Standard Holdings in a research note issued on Wednesday. Roth Capital analyst M. Koranda now expects that the brokerage will earn $2.22 per share for the quarter, down from their prior estimate of $2.39. Roth Capital currently has a “Buy” rating and a $115.00 target price on the stock. Roth Capital also issued estimates for Cooper-Standard Holdings’ Q3 2017 earnings at $2.77 EPS and FY2018 earnings at $11.62 EPS.
CPS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, November 30th. Buckingham Research upgraded shares of Cooper-Standard Holdings from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday, January 4th. Jefferies Group lowered shares of Cooper-Standard Holdings from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $99.00 price target (up previously from $94.00) on shares of Cooper-Standard Holdings in a report on Saturday, October 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Cooper-Standard Holdings currently has a consensus rating of “Hold” and an average target price of $111.50.
Cooper-Standard Holdings (NYSE:CPS) traded up 0.11% during midday trading on Friday, hitting $105.47. The company had a trading volume of 20,960 shares. Cooper-Standard Holdings has a 1-year low of $63.01 and a 1-year high of $109.81. The firm has a market capitalization of $1.86 billion, a P/E ratio of 15.21 and a beta of 0.71. The company has a 50 day moving average price of $102.51 and a 200 day moving average price of $95.40.
Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Monday, October 31st. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 earnings per share.
In related news, major shareholder Silver Point Capital L.P. sold 75,000 shares of Cooper-Standard Holdings stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of $107.76, for a total transaction of $8,082,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hill Advisors Genpar L.P. Oak sold 19,334 shares of Cooper-Standard Holdings stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $90.21, for a total transaction of $1,744,120.14. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in Cooper-Standard Holdings by 37.8% in the third quarter. Creative Planning now owns 1,257 shares of the company’s stock valued at $124,000 after buying an additional 345 shares during the period. Quantbot Technologies LP increased its stake in Cooper-Standard Holdings by 288.1% in the third quarter. Quantbot Technologies LP now owns 1,335 shares of the company’s stock valued at $131,000 after buying an additional 991 shares during the period. Pacad Investment Ltd. purchased a new stake in Cooper-Standard Holdings during the second quarter valued at about $150,000. PNC Financial Services Group Inc. increased its stake 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 valued at $158,000 after buying an additional 156 shares during the period. Finally, CSS LLC IL purchased a new stake in Cooper-Standard Holdings during the third quarter valued at about $230,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.
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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