Q3 2017 EPS Estimates for Cooper-Standard Holdings Inc. Cut by Jefferies Group (NYSE:CPS)
Cooper-Standard Holdings Inc. (NYSE:CPS) – Jefferies Group lowered their Q3 2017 earnings per share estimates for shares of Cooper-Standard Holdings in a research report issued on Monday. Jefferies Group analyst D. Kelley now forecasts that the auto parts company will post earnings per share of $2.58 for the quarter, down from their previous estimate of $2.59. Jefferies Group currently has a “Hold” rating and a $117.00 target price on the stock.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The business had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. During the same period in the previous year, the business earned $2.85 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis.
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A number of other brokerages have also recently weighed in on CPS. Zacks Investment Research cut Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. ValuEngine upgraded Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $85.00 price objective (down previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $109.43.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 102.57 on Wednesday. Cooper-Standard Holdings has a 52 week low of $82.50 and a 52 week high of $118.59. The company has a market capitalization of $1.83 billion, a PE ratio of 12.89 and a beta of 0.72. The company’s 50 day moving average is $102.98 and its 200-day moving average is $107.49.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock valued at $230,278,000 after buying an additional 2,071,687 shares during the period. Columbia Wanger Asset Management LLC raised its position in shares of Cooper-Standard Holdings by 68.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 483,307 shares of the auto parts company’s stock valued at $53,613,000 after buying an additional 196,395 shares during the period. Vanguard Group Inc. raised its position in shares of Cooper-Standard Holdings by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock valued at $218,311,000 after buying an additional 129,224 shares during the period. Acadian Asset Management LLC raised its position in shares of Cooper-Standard Holdings by 713.4% in the second quarter. Acadian Asset Management LLC now owns 80,533 shares of the auto parts company’s stock valued at $8,123,000 after buying an additional 70,632 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Cooper-Standard Holdings by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 793,397 shares of the auto parts company’s stock valued at $88,011,000 after buying an additional 62,329 shares during the period. 95.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, major shareholder Silver Point Capital L.P. sold 10,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $112.66, for a total transaction of $1,126,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Miguel Posada Juan Fernando De sold 2,289 shares of the company’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 transaction, the insider now directly owns 4,689 shares in the company, valued at approximately $517,196.70. The disclosure for this sale can be found here. In the last three months, insiders sold 319,122 shares of company stock worth $34,081,804. Insiders own 3.90% of the company’s stock.
About Cooper-Standard Holdings
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.
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