Cooper-Standard Holdings Inc. (CPS) Reaches New 1-Year High at $102.10
Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.10 and last traded at $101.87, with a volume of 123,398 shares changing hands. The stock had previously closed at $99.38.
A number of analysts recently issued reports on CPS shares. Zacks Investment Research raised Cooper-Standard Holdings from a “hold” rating to a “strong-buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, August 3rd. Goldman Sachs Group started coverage on Cooper-Standard Holdings in a research report on Tuesday, June 14th. They issued a “neutral” rating and a $95.00 target price on the stock. Bank of America Corp. downgraded Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research report on Tuesday, June 21st. Seaport Global Securities started coverage on Cooper-Standard Holdings in a research report on Tuesday, August 9th. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Roth Capital started coverage on Cooper-Standard Holdings in a research report on Wednesday, July 6th. They issued a “buy” rating and a $105.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $99.67.
The firm has a 50-day moving average price of $93.44 and a 200 day moving average price of $82.11. The firm has a market cap of $1.75 billion and a PE ratio of 14.951.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $2.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.61. The business had revenue of $879.30 million for the quarter, compared to analyst estimates of $875.98 million. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Cooper-Standard Holdings Inc. will post $10.18 EPS for the current year.
In other news, VP Keith Dwayne Stephenson sold 42,940 shares of the stock in a transaction dated 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 transaction, the vice president now owns 31,788 shares of the company’s stock, valued at approximately $3,116,177.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William Pumphrey sold 5,244 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $95.86, for a total transaction of $502,689.84. Following the transaction, the senior vice president now directly owns 14,837 shares in the company, valued at approximately $1,422,274.82. The disclosure for this sale can be found here.
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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