KeyCorp Brokers Lower Earnings Estimates for Cooper-Standard Holdings Inc. (CPS)

Cooper-Standard Holdings Inc. (NYSE:CPS) – Equities research analysts at KeyCorp dropped their Q3 2017 earnings per share estimates for shares of Cooper-Standard Holdings in a research note issued on Sunday. KeyCorp analyst B. Hoselton now anticipates that the auto parts company will earn $2.37 per share for the quarter, down from their previous forecast of $2.44. KeyCorp also issued estimates for Cooper-Standard Holdings’ Q4 2017 earnings at $2.78 EPS, FY2017 earnings at $10.70 EPS and FY2018 earnings at $11.42 EPS.

Several other research analysts have also issued reports on CPS. Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. Jefferies Group LLC restated a “hold” rating and set a $117.00 target price on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. ValuEngine upgraded Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Bank of America Corporation restated an “underperform” rating and set a $85.00 target price (down previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. Finally, BidaskClub lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $109.43.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/keycorp-brokers-lower-earnings-estimates-for-cooper-standard-holdings-inc-cps-updated.html.

Cooper-Standard Holdings (NYSE:CPS) opened at 102.57 on Tuesday. The firm’s 50-day moving average price is $102.98 and its 200-day moving average price is $107.49. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.59. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 12.89 and a beta of 0.72.

Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The business had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. Cooper-Standard Holdings’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.85 EPS.

A number of institutional investors have recently modified their holdings of the company. Flinton Capital Management LLC increased its position in shares of Cooper-Standard Holdings by 13.8% in the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock worth $103,000 after buying an additional 112 shares during the period. Neuburgh Advisers LLC increased its position in shares of Cooper-Standard Holdings by 13.8% in the first quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock worth $125,000 after buying an additional 136 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Cooper-Standard Holdings during the first quarter worth approximately $142,000. First Mercantile Trust Co. acquired a new position in shares of Cooper-Standard Holdings during the second quarter worth approximately $146,000. Finally, Victory Capital Management Inc. increased its position in shares of Cooper-Standard Holdings by 15.9% in the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock worth $164,000 after buying an additional 222 shares during the period. 95.02% of the stock is owned by institutional investors.

In related news, Chairman Jeffrey S. Edwards sold 17,540 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $108.47, for a total value of $1,902,563.80. Following the completion of the sale, the chairman now owns 67,199 shares in the company, valued at $7,289,075.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $112.66, for a total value of $1,126,600.00. The disclosure for this sale can be found here. Insiders sold 319,122 shares of company stock valued at $34,081,804 in the last quarter. 3.90% of the stock is owned by company insiders.

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.

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

Receive News & Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply