Cooper-Standard Holdings Inc. (NYSE:CPS) – Analysts at Seaport Global Securities lifted their Q3 2017 earnings estimates for shares of Cooper-Standard Holdings in a note issued to investors on Monday. Seaport Global Securities analyst M. Ward now anticipates that the auto parts company will post earnings per share of $2.50 for the quarter, up from their previous forecast of $2.45. Seaport Global Securities also issued estimates for Cooper-Standard Holdings’ Q4 2017 earnings at $2.67 EPS, FY2017 earnings at $10.70 EPS, Q1 2018 earnings at $2.97 EPS, Q2 2018 earnings at $3.16 EPS, Q3 2018 earnings at $2.89 EPS and Q4 2018 earnings at $2.93 EPS.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $2.85 EPS. TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for Cooper-Standard Holdings Inc.’s Q3 2017 Earnings (NYSE:CPS)” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/08/brokers-issue-forecasts-for-cooper-standard-holdings-inc-s-q3-2017-earnings-nysecps.html.

Several other brokerages have also issued reports on CPS. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Bank of America Corporation reissued an “underperform” rating and issued a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $117.00 price target on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.43.

Cooper-Standard Holdings (CPS) opened at 101.33 on Tuesday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.74 and a beta of 0.72. The firm’s 50-day moving average is $102.98 and its 200 day moving average is $107.49. Cooper-Standard Holdings has a one year low of $82.50 and a one year high of $118.59.

In other Cooper-Standard Holdings news, insider Miguel Posada Juan Fernando De sold 2,289 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $110.30, for a total value of $252,476.70. Following the sale, the insider now owns 4,689 shares of the company’s stock, valued at approximately $517,196.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jeffrey S. Edwards sold 17,540 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $108.47, for a total transaction of $1,902,563.80. Following the completion of the sale, the chairman now directly owns 67,199 shares in the company, valued at approximately $7,289,075.53. The disclosure for this sale can be found here. Insiders sold a total of 319,122 shares of company stock worth $34,081,804 in the last three months. Insiders own 3.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. LSV Asset Management raised its stake in Cooper-Standard Holdings by 1.6% in the first quarter. LSV Asset Management now owns 758,519 shares of the auto parts company’s stock valued at $84,142,000 after buying an additional 11,940 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Cooper-Standard Holdings by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 24,476 shares of the auto parts company’s stock valued at $2,714,000 after buying an additional 1,572 shares during the last quarter. Bowling Portfolio Management LLC raised its stake in Cooper-Standard Holdings by 64.4% in the first quarter. Bowling Portfolio Management LLC now owns 7,838 shares of the auto parts company’s stock valued at $869,000 after buying an additional 3,069 shares during the last quarter. Wells Fargo & Company MN raised its stake in Cooper-Standard Holdings by 29.8% in the first quarter. Wells Fargo & Company MN now owns 220,521 shares of the auto parts company’s stock valued at $24,462,000 after buying an additional 50,660 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Cooper-Standard Holdings by 3.6% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 120,778 shares of the auto parts company’s stock valued at $13,397,000 after buying an additional 4,196 shares during the last quarter. 95.02% 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 designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.

Earnings History and Estimates for Cooper-Standard Holdings (NYSE:CPS)

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