Cooper-Standard (NYSE:CPS) PT Lowered to $63.00 at Buckingham Research

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Cooper-Standard (NYSE:CPS) had its price target dropped by research analysts at Buckingham Research from $66.00 to $63.00 in a research note issued on Monday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the auto parts company’s stock. Buckingham Research’s target price would suggest a potential upside of 36.66% from the stock’s previous close.

Several other research firms have also recently weighed in on CPS. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Roth Capital set a $194.00 target price on shares of Universal Display and gave the company a “buy” rating in a research note on Friday, May 3rd. ValuEngine raised shares of Westpac Banking from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Goldman Sachs Group set a $13.00 target price on shares of Ford Motor and gave the company a “buy” rating in a research note on Thursday, June 13th. Four research analysts have rated the stock with a sell rating, one has issued 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 price target of $49.75.

Shares of NYSE CPS opened at $46.10 on Monday. The stock has a fifty day moving average price of $42.96. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $794.64 million, a PE ratio of 5.24 and a beta of 1.58. Cooper-Standard has a 1 year low of $36.11 and a 1 year high of $146.77.

Cooper-Standard (NYSE:CPS) last announced 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 firm had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $887.56 million. Cooper-Standard had a return on equity of 12.38% and a net margin of 1.34%. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the company earned $3.45 earnings per share. On average, sell-side analysts expect that Cooper-Standard will post 5.19 earnings per share for the current fiscal year.

In other Cooper-Standard news, insider Jeffrey A. Debest acquired 1,750 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $39.47 per share, with a total value of $69,072.50. Following the purchase, the insider now directly owns 2,500 shares of the company’s stock, valued at approximately $98,675. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sharon Wenzl sold 600 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $52.62, for a total transaction of $31,572.00. Following the completion of the sale, the insider now owns 1,004 shares of the company’s stock, valued at approximately $52,830.48. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Cooper-Standard in the 4th quarter worth about $19,548,000. Royce & Associates LP raised its holdings in shares of Cooper-Standard by 6.6% in the 1st quarter. Royce & Associates LP now owns 215,077 shares of the auto parts company’s stock valued at $10,100,000 after purchasing an additional 13,293 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Cooper-Standard by 15.1% in the 1st quarter. Clearbridge Investments LLC now owns 162,458 shares of the auto parts company’s stock valued at $7,629,000 after purchasing an additional 21,312 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of Cooper-Standard by 12.3% in the 1st quarter. TD Asset Management Inc. now owns 122,600 shares of the auto parts company’s stock valued at $5,757,000 after purchasing an additional 13,400 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Cooper-Standard by 78.9% in the 1st quarter. SG Americas Securities LLC now owns 81,198 shares of the auto parts company’s stock valued at $3,813,000 after purchasing an additional 35,810 shares in the last quarter. Hedge funds and other institutional investors own 95.91% of the company’s stock.

Cooper-Standard Company Profile

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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