Cooper-Standard Holdings Inc. (CPS) Downgraded by Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) downgraded shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a buy rating to a neutral rating in a research note released on Monday morning, Marketbeat.com reports. The brokerage currently has $113.00 price objective on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Cooper-Standard Holdings from a strong-buy rating to a buy rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Cooper-Standard Holdings from a strong sell rating to a hold rating in a report on Wednesday, August 16th. Finally, BidaskClub upgraded Cooper-Standard Holdings from a sell rating to a hold rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $113.80.

Cooper-Standard Holdings (CPS) opened at 113.21 on Monday. The stock’s 50 day moving average price is $109.70 and its 200-day moving average price is $106.29. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.60. The company has a market cap of $2.01 billion, a P/E ratio of 14.26 and a beta of 0.77.

Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company had revenue of $909.10 million for the quarter, compared to the consensus estimate of $884.02 million. During the same quarter in the previous year, the business earned $2.85 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts predict that Cooper-Standard Holdings will post $10.68 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Cooper-Standard Holdings Inc. (CPS) Downgraded by Goldman Sachs Group, Inc. (The)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/19/cooper-standard-holdings-inc-cps-downgraded-by-goldman-sachs-group-inc-the.html.

In related news, insider Aleksandra A. Miziolek sold 865 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total value of $87,365.00. Following the sale, the insider now owns 866 shares in the company, valued at approximately $87,466. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Silver Point Capital L.P. sold 62,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $116.67, for a total value of $7,233,540.00. The disclosure for this sale can be found here. Insiders sold a total of 189,365 shares of company stock worth $21,957,005 in the last quarter. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of CPS. State Board of Administration of Florida Retirement System raised its holdings in shares of Cooper-Standard Holdings by 30.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 6,002 shares of the auto parts company’s stock valued at $666,000 after buying an additional 1,393 shares during the period. Swiss National Bank increased its holdings in Cooper-Standard Holdings by 3.8% during the 1st quarter. Swiss National Bank now owns 21,800 shares of the auto parts company’s stock worth $2,418,000 after purchasing an additional 800 shares during the period. Karp Capital Management Corp purchased a new stake in Cooper-Standard Holdings during the 1st quarter worth about $279,000. Ameritas Investment Partners Inc. purchased a new stake in Cooper-Standard Holdings during the 1st quarter worth about $142,000. Finally, SG Americas Securities LLC increased its holdings in Cooper-Standard Holdings by 12.2% during the 1st quarte

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Cooper-Standard Holdings from a strong-buy rating to a buy rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Cooper-Standard Holdings from a strong sell rating to a hold rating in a report on Wednesday, August 16th. Finally, BidaskClub upgraded Cooper-Standard Holdings from a sell rating to a hold rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $113.80.

Cooper-Standard Holdings (CPS) opened at 113.21 on Monday. The stock’s 50 day moving average price is $109.70 and its 200-day moving average price is $106.29. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.60. The company has a market cap of $2.01 billion, a P/E ratio of 14.26 and a beta of 0.77.

Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company had revenue of $909.10 million for the quarter, compared to the consensus estimate of $884.02 million. During the same quarter in the previous year, the business earned $2.85 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts predict that Cooper-Standard Holdings will post $10.68 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Cooper-Standard Holdings Inc. (CPS) Downgraded by Goldman Sachs Group, Inc. (The)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/19/cooper-standard-holdings-inc-cps-downgraded-by-goldman-sachs-group-inc-the.html.

In related news, insider Aleksandra A. Miziolek sold 865 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total value of $87,365.00. Following the sale, the insider now owns 866 shares in the company, valued at approximately $87,466. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Silver Point Capital L.P. sold 62,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $116.67, for a total value of $7,233,540.00. The disclosure for this sale can be found here. Insiders sold a total of 189,365 shares of company stock worth $21,957,005 in the last quarter. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of CPS. State Board of Administration of Florida Retirement System raised its holdings in shares of Cooper-Standard Holdings by 30.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 6,002 shares of the auto parts company’s stock valued at $666,000 after buying an additional 1,393 shares during the period. Swiss National Bank increased its holdings in Cooper-Standard Holdings by 3.8% during the 1st quarter. Swiss National Bank now owns 21,800 shares of the auto parts company’s stock worth $2,418,000 after purchasing an additional 800 shares during the period. Karp Capital Management Corp purchased a new stake in Cooper-Standard Holdings during the 1st quarter worth about $279,000. Ameritas Investment Partners Inc. purchased a new stake in Cooper-Standard Holdings during the 1st quarter worth about $142,000. Finally, SG Americas Securities LLC increased its holdings in Cooper-Standard Holdings by 12.2% during the 1st quarter. SG Americas Securities LLC now owns 4,212 shares of the auto parts company’s stock worth $467,000 after purchasing an additional 458 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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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