Cooper-Standard Holdings Inc. (NYSE:CPS) – Investment analysts at Jefferies Group cut their Q2 2017 earnings per share (EPS) estimates for Cooper-Standard Holdings in a research note issued on Tuesday. Jefferies Group analyst D. Kelley now expects that the auto parts company will earn $2.52 per share for the quarter, down from their previous forecast of $2.98. Jefferies Group currently has a “Hold” rating and a $117.00 target price on the stock. Jefferies Group also issued estimates for Cooper-Standard Holdings’ Q4 2017 earnings at $2.48 EPS, FY2017 earnings at $10.53 EPS, Q1 2018 earnings at $3.14 EPS, Q3 2018 earnings at $2.93 EPS, Q4 2018 earnings at $2.59 EPS and FY2018 earnings at $11.58 EPS.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $109.43.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 102.60 on Thursday. The stock has a 50 day moving average price of $103.50 and a 200 day moving average price of $107.56. The firm has a market capitalization of $1.83 billion, a PE ratio of 12.90 and a beta of 0.73. Cooper-Standard Holdings has a 1-year low of $82.50 and a 1-year high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, May 4th. The auto parts company reported $2.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.43. The company had revenue of $902.05 million during the quarter, compared to analysts’ expectations of $866.38 million. Cooper-Standard Holdings had a return on equity of 28.80% and a net margin of 4.27%.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $112.66, for a total transaction of $1,126,600.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Song Min Lee sold 911 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $110.70, for a total transaction of $100,847.70. Following the transaction, the senior vice president now directly owns 15,000 shares in the company, valued at approximately $1,660,500. The disclosure for this sale can be found here. Insiders have sold a total of 320,033 shares of company stock worth $34,182,652 in the last three months. Insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CPS. GSA Capital Partners LLP acquired a new position in Cooper-Standard Holdings during the fourth quarter worth approximately $289,000. Norges Bank purchased a new position in shares of Cooper-Standard Holdings during the fourth quarter worth about $28,537,000. Teachers Advisors LLC increased its position in shares of Cooper-Standard Holdings by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 24,720 shares of the auto parts company’s stock worth $2,556,000 after buying an additional 1,076 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Cooper-Standard Holdings by 6.2% in the first quarter. Capstone Asset Management Co. now owns 5,921 shares of the auto parts company’s stock worth $657,000 after buying an additional 347 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Cooper-Standard Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the auto parts company’s stock worth $799,000 after buying an additional 100 shares during the last quarter. 94.43% of the stock is currently owned by institutional investors and hedge funds.
About Cooper-Standard Holdings
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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