Several other research analysts have also commented on CPS. Buckingham Research cut their price objective on Cooper-Standard from $63.00 to $56.00 and set a buy rating on the stock in a research report on Monday, August 5th. Zacks Investment Research lowered Cooper-Standard from a hold rating to a strong sell rating in a research report on Tuesday, April 23rd. Goldman Sachs Group lowered Cooper-Standard from a neutral rating to a sell rating and cut their price objective for the company from $51.00 to $36.00 in a research report on Thursday, June 13th. Finally, Roth Capital cut their price objective on Cooper-Standard from $76.00 to $60.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Four research 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 stock presently has an average rating of Hold and a consensus price target of $48.00.
Shares of CPS opened at $33.48 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $532.57 million, a P/E ratio of 8.85 and a beta of 1.58. The stock’s fifty day simple moving average is $43.90 and its 200 day simple moving average is $50.81. Cooper-Standard has a twelve month low of $30.82 and a twelve month high of $144.16.
Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $0.31 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.80). Cooper-Standard had a net margin of 4.47% and a return on equity of 7.13%. The company had revenue of $764.81 million during the quarter, compared to analysts’ expectations of $832.61 million. During the same period last year, the business earned $2.74 earnings per share. The company’s revenue for the quarter was down 17.6% compared to the same quarter last year. Sell-side analysts predict that Cooper-Standard will post 3.48 earnings per share for the current year.
In related news, insider Jeffrey A. Debest acquired 1,750 shares of the business’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $39.47 per share, with a total value of $69,072.50. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William Pumphrey acquired 5,320 shares of the business’s stock in a transaction on 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 disclosure for this purchase can be found here. Insiders acquired 7,570 shares of company stock worth $295,498 over the last three months. 3.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Executive Wealth Management LLC acquired a new stake in shares of Cooper-Standard during the second quarter valued at about $40,000. Glen Harbor Capital Management LLC grew its stake in shares of Cooper-Standard by 53.3% during the second quarter. Glen Harbor Capital Management LLC now owns 2,208 shares of the auto parts company’s stock valued at $101,000 after acquiring an additional 768 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Cooper-Standard during the second quarter valued at about $102,000. First Mercantile Trust Co. grew its stake 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 valued at $106,000 after acquiring an additional 270 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its stake 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 valued at $134,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 99.49% 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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