Cooper-Standard (NYSE:CPS) Trading Up 5.5%

Shares of Cooper-Standard Holdings Inc (NYSE:CPS) were up 5.5% during mid-day trading on Friday . The company traded as high as $35.17 and last traded at $34.72, approximately 283,298 shares traded hands during trading. An increase of 45% from the average daily volume of 196,007 shares. The stock had previously closed at $32.90.

A number of equities research analysts recently issued reports on CPS shares. Buckingham Research decreased their price target on Cooper-Standard from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Goldman Sachs Group lowered Cooper-Standard from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $51.00 to $36.00 in a research note on Thursday, June 13th. Roth Capital reissued a “buy” rating and set a $47.00 price target on shares of Cooper-Standard in a research note on Thursday, September 26th. Finally, ValuEngine raised Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.75.

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 stock has a 50-day simple moving average of $39.28 and a two-hundred day simple moving average of $44.32. The firm has a market capitalization of $574.94 million, a P/E ratio of 3.95 and a beta of 1.65.



Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, August 1st. The auto parts company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.80). The firm had revenue of $764.81 million for the quarter, compared to the consensus estimate of $832.61 million. Cooper-Standard had a net margin of 4.47% and a return on equity of 7.13%. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same period last year, the firm earned $2.74 earnings per share. As a group, research analysts expect that Cooper-Standard Holdings Inc will post 3.44 EPS for the current year.

In other news, SVP Song Min Lee bought 3,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $33.27 per share, with a total value of $99,810.00. Following the transaction, the senior vice president now directly owns 16,784 shares in the company, valued at approximately $558,403.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CPS. NumerixS Investment Technologies Inc raised its position in Cooper-Standard by 100.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock valued at $134,000 after purchasing an additional 1,400 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Cooper-Standard by 15.1% in the 1st quarter. Clearbridge Investments LLC now owns 162,458 shares of the auto parts company’s stock valued at $7,629,000 after acquiring an additional 21,312 shares during the period. First Trust Advisors LP increased its holdings in shares of Cooper-Standard by 148.5% in the 1st quarter. First Trust Advisors LP now owns 34,261 shares of the auto parts company’s stock valued at $1,609,000 after acquiring an additional 20,475 shares during the period. AE Wealth Management LLC purchased a new position in shares of Cooper-Standard in the 2nd quarter valued at $493,000. Finally, Zeke Capital Advisors LLC increased its holdings in shares of Cooper-Standard by 2.8% in the 2nd quarter. Zeke Capital Advisors LLC now owns 14,315 shares of the auto parts company’s stock valued at $656,000 after acquiring an additional 391 shares during the period. 99.90% of the stock is owned by institutional investors and hedge funds.

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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