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.
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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.
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