Cooper-Standard (NYSE:CPS) Trading 6.3% Higher

Cooper-Standard Holdings Inc (NYSE:CPS)’s share price traded up 6.3% on Friday . The stock traded as high as $34.18 and last traded at $33.48, 195,100 shares changed hands during trading. An increase of 1% from the average session volume of 192,985 shares. The stock had previously closed at $31.51.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. ValuEngine cut shares of Cooper-Standard from a “hold” rating to a “sell” rating in a research note on Friday. Goldman Sachs Group cut shares of Cooper-Standard from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $51.00 to $36.00 in a research note on Thursday, June 13th. Buckingham Research dropped their price target on shares of Cooper-Standard from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Roth Capital lowered their target price on shares of Cooper-Standard from $76.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Cooper-Standard has an average rating of “Hold” and a consensus target price of $48.00.

The company has a current ratio of 1.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $43.90 and its two-hundred day moving average is $50.81. The company has a market cap of $565.81 million, a PE ratio of 3.81 and a beta of 1.58.



Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, August 1st. The auto parts company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.80). Cooper-Standard had a net margin of 4.47% and a return on equity of 7.13%. The firm had revenue of $764.81 million for the quarter, compared to analysts’ expectations of $832.61 million. During the same quarter last year, the firm posted $2.74 EPS. The firm’s quarterly revenue was down 17.6% compared to the same quarter last year. As a group, equities research analysts predict that Cooper-Standard Holdings Inc will post 3.48 EPS for the current fiscal year.

In related news, SVP William Pumphrey purchased 5,320 shares of Cooper-Standard stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $39.00 per share, for a total transaction of $207,480.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey A. Debest purchased 1,750 shares of Cooper-Standard stock in a transaction on Friday, May 31st. The stock was bought at an average price of $39.47 per share, for a total transaction of $69,072.50. Following the completion of the acquisition, the insider now owns 2,500 shares in the company, valued at approximately $98,675. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,570 shares of company stock worth $295,498. 3.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Cooper-Standard during the fourth quarter valued at approximately $19,548,000. Deutsche Bank AG boosted its position in Cooper-Standard by 108.5% during the fourth quarter. Deutsche Bank AG now owns 77,180 shares of the auto parts company’s stock valued at $4,793,000 after purchasing an additional 40,161 shares during the last quarter. Foundry Partners LLC boosted its position in Cooper-Standard by 35.7% during the first quarter. Foundry Partners LLC now owns 14,188 shares of the auto parts company’s stock valued at $666,000 after purchasing an additional 3,729 shares during the last quarter. Trellus Management Company LLC boosted its position in Cooper-Standard by 67.3% during the first quarter. Trellus Management Company LLC now owns 25,000 shares of the auto parts company’s stock valued at $1,174,000 after purchasing an additional 10,060 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Cooper-Standard by 165.9% during the first quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock valued at $192,000 after purchasing an additional 2,552 shares during the last quarter. Institutional investors own 98.38% of the company’s stock.

About Cooper-Standard (NYSE:CPS)

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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