Cooper-Standard Holdings Inc (CPS) Receives $61.00 Average PT from Brokerages

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Shares of Cooper-Standard Holdings Inc (NYSE:CPS) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $61.00.

CPS has been the topic of a number of research analyst reports. Seaport Global Securities initiated coverage on shares of Cooper-Standard in a research report on Wednesday, February 13th. They set a “neutral” rating on the stock. Roth Capital cut their price objective on shares of Cooper-Standard from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, February 14th. ValuEngine cut shares of Cooper-Standard from a “sell” rating to a “strong sell” rating in a research report on Friday, February 15th. Zacks Investment Research cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Finally, Bank of America reissued an “underperform” rating and set a $40.00 price objective (down previously from $63.00) on shares of Cooper-Standard in a research report on Wednesday, February 20th.

CPS stock opened at $39.39 on Friday. The stock has a market cap of $690.21 million, a PE ratio of 4.48 and a beta of 1.34. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.86. Cooper-Standard has a 1 year low of $37.33 and a 1 year high of $146.77.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Wednesday, May 1st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.33). The company had revenue of $880.00 million for the quarter, compared to the consensus estimate of $887.56 million. Cooper-Standard had a return on equity of 12.38% and a net margin of 1.34%. Cooper-Standard’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the company earned $3.45 EPS. As a group, sell-side analysts expect that Cooper-Standard will post 5.09 EPS for the current fiscal year.

In other Cooper-Standard news, CFO Jonathan P. Banas purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were acquired at an average price of $59.99 per share, with a total value of $59,990.00. Following the transaction, the chief financial officer now owns 1,583 shares in the company, valued at $94,964.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sharon Wenzl sold 600 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $52.62, for a total transaction of $31,572.00. Following the completion of the transaction, the insider now directly owns 1,004 shares in the company, valued at approximately $52,830.48. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its stake in Cooper-Standard by 15.8% in the 4th quarter. Canada Pension Plan Investment Board now owns 36,700 shares of the auto parts company’s stock valued at $2,280,000 after buying an additional 5,000 shares during the last quarter. Norges Bank purchased a new stake in Cooper-Standard in the 4th quarter valued at about $19,548,000. First Mercantile Trust Co. increased its stake in Cooper-Standard by 13.6% in the 1st quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock valued at $106,000 after buying an additional 270 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Cooper-Standard by 48.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,299 shares of the auto parts company’s stock valued at $329,000 after buying an additional 1,720 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Cooper-Standard by 108.5% in the 4th quarter. Deutsche Bank AG now owns 77,180 shares of the auto parts company’s stock valued at $4,793,000 after buying an additional 40,161 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

About Cooper-Standard

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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