Cooper-Standard Holdings Inc. (CPS) Sets New 1-Year High at $100.18
Cooper-Standard Holdings Inc. (NYSE:CPS) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $100.18 and last traded at $99.49, with a volume of 71,057 shares changing hands. The stock had previously closed at $98.79.
A number of brokerages recently issued reports on CPS. Seaport Global Securities began coverage on shares of Cooper-Standard Holdings in a report on Tuesday, August 9th. They set a “buy” rating and a $108.00 price objective for the company. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “hold” rating to a “strong-buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, August 3rd. Jefferies Group cut their price target on shares of Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating on the stock in a research note on Monday, August 1st. Roth Capital started coverage on shares of Cooper-Standard Holdings in a research note on Wednesday, July 6th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Bank of America Corp. lowered shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Cooper-Standard Holdings has an average rating of “Buy” and an average price target of $99.67.
The company has a 50 day moving average price of $90.63 and a 200 day moving average price of $80.78. The firm has a market cap of $1.72 billion and a price-to-earnings ratio of 14.65.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.61. The business earned $879.30 million during the quarter, compared to the consensus estimate of $875.98 million. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Cooper-Standard Holdings Inc. will post $10.18 EPS for the current year.
In other Cooper-Standard Holdings news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Keith Dwayne Stephenson sold 42,940 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $98.03, for a total transaction of $4,209,408.20. Following the sale, the vice president now directly owns 31,788 shares of the company’s stock, valued at approximately $3,116,177.64. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in the stock. Matarin Capital Management LLC purchased a new stake in Cooper-Standard Holdings during the fourth quarter worth $3,870,000. Marshall Wace LLP purchased a new stake in Cooper-Standard Holdings during the fourth quarter worth $1,211,000. Finally, Bank of Montreal Can increased its stake in 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.
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.