Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 23rd. Goldman Sachs Group lowered shares of Cooper-Standard from a “neutral” rating to a “sell” rating and cut their price target for the company from $51.00 to $36.00 in a research report on Thursday, June 13th. Buckingham Research cut their price target on shares of Cooper-Standard from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Monday. Finally, Roth Capital cut their price target on shares of Cooper-Standard from $76.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.00.
NYSE CPS opened at $39.36 on Thursday. The company’s 50-day simple moving average is $45.24. The company has a current ratio of 1.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. Cooper-Standard has a 12-month low of $36.11 and a 12-month high of $144.16. The stock has a market capitalization of $688.24 million, a price-to-earnings ratio of 4.48 and a beta of 1.58.
In other news, SVP William Pumphrey bought 5,320 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of $39.00 per share, for a total transaction of $207,480.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey A. Debest bought 1,750 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $39.47 per share, with a total value of $69,072.50. Following the completion of the acquisition, the insider now owns 2,500 shares of the company’s stock, valued at approximately $98,675. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Executive Wealth Management LLC purchased a new stake in shares of Cooper-Standard during the second quarter worth about $40,000. Advisory Services Network LLC purchased a new stake in shares of Cooper-Standard during the second quarter worth about $102,000. First Mercantile Trust Co. boosted its holdings in shares of Cooper-Standard by 13.6% during the first quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 270 shares during the period. NumerixS Investment Technologies Inc boosted its holdings in shares of Cooper-Standard by 100.0% during the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock worth $134,000 after purchasing an additional 1,400 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Cooper-Standard by 165.9% during the first quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock worth $192,000 after purchasing an additional 2,552 shares during the period. Institutional investors own 94.43% 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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