Cooper-Standard Holdings Inc. (CPS) Sets New 1-Year High at $90.63
Cooper-Standard Holdings Inc. (NYSE:CPS) shares hit a new 52-week high on Wednesday . The company traded as high as $90.63 and last traded at $89.70, with a volume of 41,239 shares trading hands. The stock had previously closed at $89.85.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cooper-Standard Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Jefferies Group restated a “buy” rating and issued a $96.00 price objective (up previously from $83.00) on shares of Cooper-Standard Holdings in a report on Thursday, May 5th. 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 price objective for the company. Bank of America Corp. downgraded shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Cooper-Standard Holdings in a research note on Tuesday, June 14th. They issued a “neutral” rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $93.60.
The stock has a 50-day moving average price of $82.90 and a 200 day moving average price of $76.93. The stock has a market capitalization of $1.54 billion and a P/E ratio of 13.65.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $2.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.87. The company had revenue of $862.50 million for the quarter, compared to analysts’ expectations of $812.55 million. Analysts forecast that Cooper-Standard Holdings Inc. will post $9.32 EPS for the current fiscal year.
Several hedge funds and institutional investors recently made changes to their positions in CPS. Dimensional Fund Advisors LP raised its position in shares of Cooper-Standard Holdings by 53.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 202,406 shares of the company’s stock valued at $15,705,000 after buying an additional 70,506 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in Cooper-Standard Holdings during the fourth quarter worth about $3,870,000. Nationwide Fund Advisors increased its stake in Cooper-Standard Holdings by 231.5% in the fourth quarter. Nationwide Fund Advisors now owns 31,155 shares of the company’s stock worth $2,417,000 after buying an additional 21,758 shares during the period. California State Teachers Retirement System increased its stake in Cooper-Standard Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 25,202 shares of the company’s stock worth $1,955,000 after buying an additional 400 shares during the period. Finally, Swiss National Bank acquired a new stake in Cooper-Standard Holdings during the fourth quarter worth about $1,715,000.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.