Goldman Sachs Group, Inc. (The) Downgrades Cooper-Standard Holdings Inc. (CPS) to Neutral
Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They presently have a $113.00 price objective on the auto parts company’s stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential downside of 1.78% from the stock’s current price.
Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a report on Monday, October 9th. Finally, BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Cooper-Standard Holdings currently has a consensus rating of “Hold” and a consensus price target of $113.80.
Shares of Cooper-Standard Holdings (NYSE:CPS) traded down 3.817% during mid-day trading on Monday, reaching $110.659. 12,496 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $108.96 and a 200-day moving average price of $106.24. Cooper-Standard Holdings has a 12 month low of $82.50 and a 12 month high of $118.60. The stock has a market cap of $1.96 billion, a PE ratio of 13.940 and a beta of 0.76.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. During the same period last year, the firm earned $2.85 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Cooper-Standard Holdings will post $10.70 earnings per share for the current fiscal year.
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In related news, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the sale, the vice president now directly owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total transaction of $87,365.00. Following the sale, the insider now directly owns 866 shares in the company, valued at $87,466. The disclosure for this sale can be found here. Insiders have sold a total of 215,365 shares of company stock worth $24,778,005 over the last ninety days. 1.10% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its holdings in shares of Cooper-Standard Holdings by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,799 shares of the auto parts company’s stock valued at $3,308,000 after purchasing an additional 136 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Cooper-Standard Holdings by 35.4% during the 2nd quarter. Verition Fund Management LLC now owns 3,818 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 998 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Cooper-Standard Holdings during the 2nd quarter valued at approximately $389,000. Ameritas Investment Partners Inc. grew its holdings in shares of Cooper-Standard Holdings by 20.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 259 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Cooper-Standard Holdings by 6.4% during the 2nd quarter. California State Teachers Retirement System now owns 31,054 shares of the auto parts company’s stock valued at $3,132,000 after purchasing an additional 1,858 shares during the last quarter. 95.83% of the stock is currently owned by 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.
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