Cooper-Standard Holdings Inc. (CPS) Reaches New 12-Month High at $97.32
Cooper-Standard Holdings Inc. (NYSE:CPS) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $97.32 and last traded at $95.95, with a volume of 150,988 shares traded. The stock had previously closed at $94.75.
Several research firms recently commented on CPS. Seaport Global Securities began coverage on Cooper-Standard Holdings in a research report on Tuesday. They issued a “buy” rating and a $108.00 price target for the company. Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Jefferies Group dropped their target price on Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, August 1st. Bank of America Corp. lowered Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. assumed coverage on Cooper-Standard Holdings in a research report on Tuesday, June 14th. They set a “neutral” rating and a $95.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $99.67.
The stock’s 50 day moving average price is $84.98 and its 200 day moving average price is $78.46. The stock has a market capitalization of $1.66 billion and a PE ratio of 14.14.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, July 28th. The company reported $2.85 EPS for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.61. The business earned $879.30 million during the quarter, compared to analyst estimates of $875.98 million. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts expect that Cooper-Standard Holdings Inc. will post $10.18 EPS for the current fiscal year.
In other 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 transaction of $62,253,305.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William Pumphrey sold 5,244 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $95.86, for a total transaction of $502,689.84. Following the sale, the senior vice president now owns 14,837 shares of the company’s stock, valued at approximately $1,422,274.82. The disclosure for this sale can be found here.
Other hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Cooper-Standard Holdings during the fourth quarter worth about $1,211,000. Rhumbline Advisers increased 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 in the last quarter. Bank of Montreal Can increased 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 in the last quarter. New York State Common Retirement Fund increased its stake in shares of Cooper-Standard Holdings by 17.5% in the fourth quarter. New York State Common Retirement Fund now owns 20,541 shares of the company’s stock worth $1,594,000 after buying an additional 3,061 shares in the last quarter. Finally, Swiss National Bank purchased a new stake in shares of 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.
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