Cooper-Standard Holdings Inc. (CPS) PT Lowered to $129.00

Cooper-Standard Holdings Inc. (NYSE:CPS) had its price objective trimmed by Buckingham Research from $131.00 to $129.00 in a research note published on Thursday. The firm currently has a buy rating on the auto parts company’s stock.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Cooper-Standard Holdings from a buy rating to a hold rating in a report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) downgraded Cooper-Standard Holdings from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a report on Monday, October 16th. Finally, BidaskClub raised Cooper-Standard Holdings from a sell rating to a hold rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $114.60.

Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 111.14 on Thursday. The company has a market cap of $1.97 billion, a P/E ratio of 14.00 and a beta of 0.77. The company has a 50-day moving average price of $110.28 and a 200-day moving average price of $106.37. Cooper-Standard Holdings has a 12-month low of $82.50 and a 12-month high of $118.60.

Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million for the quarter, compared to the consensus estimate of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 EPS. On average, analysts predict that Cooper-Standard Holdings will post $10.63 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/23/cooper-standard-holdings-inc-cps-pt-lowered-to-129-00.html.

In other news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $116.67, for a total value of $7,233,540.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Aleksandra A. Miziolek sold 865 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total value of $87,365.00. Following the completion of the transaction, the insider now directly owns 866 shares in the company, valued at $87,466. The disclosure for this sale can be found here. Insiders sold a total of 189,365 shares of company stock worth $21,957,005 over the last three months. 1.10% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in CPS. BlackRock Inc. lifted its stake in shares of Cooper-Standard Holdings by 49,408.2% in the 1st quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock valued at $230,278,000 after purchasing an additional 2,071,687 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Cooper-Standard Holdings by 2,433.2% in the 2nd quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after purchasing an additional 506,102 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cooper-Standard Holdings by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock valued at $218,311,000 after purchasing an additional 129,224 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Cooper-Standard Holdings by 23.6% in the 2nd quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock valued at $41,881,000 after purchasing an additional 79,200 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Cooper-Standard Holdings by 713.4% in the 2nd quarter. Acadian Asset Management LLC now owns 80,533 shares of the auto parts company&

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Cooper-Standard Holdings from a buy rating to a hold rating in a report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) downgraded Cooper-Standard Holdings from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a report on Monday, October 16th. Finally, BidaskClub raised Cooper-Standard Holdings from a sell rating to a hold rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $114.60.

Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 111.14 on Thursday. The company has a market cap of $1.97 billion, a P/E ratio of 14.00 and a beta of 0.77. The company has a 50-day moving average price of $110.28 and a 200-day moving average price of $106.37. Cooper-Standard Holdings has a 12-month low of $82.50 and a 12-month high of $118.60.

Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million for the quarter, compared to the consensus estimate of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 EPS. On average, analysts predict that Cooper-Standard Holdings will post $10.63 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/23/cooper-standard-holdings-inc-cps-pt-lowered-to-129-00.html.

In other news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $116.67, for a total value of $7,233,540.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Aleksandra A. Miziolek sold 865 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total value of $87,365.00. Following the completion of the transaction, the insider now directly owns 866 shares in the company, valued at $87,466. The disclosure for this sale can be found here. Insiders sold a total of 189,365 shares of company stock worth $21,957,005 over the last three months. 1.10% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in CPS. BlackRock Inc. lifted its stake in shares of Cooper-Standard Holdings by 49,408.2% in the 1st quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock valued at $230,278,000 after purchasing an additional 2,071,687 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Cooper-Standard Holdings by 2,433.2% in the 2nd quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after purchasing an additional 506,102 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cooper-Standard Holdings by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock valued at $218,311,000 after purchasing an additional 129,224 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Cooper-Standard Holdings by 23.6% in the 2nd quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock valued at $41,881,000 after purchasing an additional 79,200 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Cooper-Standard Holdings by 713.4% in the 2nd quarter. Acadian Asset Management LLC now owns 80,533 shares of the auto parts company’s stock valued at $8,123,000 after purchasing an additional 70,632 shares during the period. 95.83% of the stock is currently owned by institutional investors.

Cooper-Standard Holdings Company Profile

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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