ValuEngine Upgrades Cooper-Standard (CPS) to “Strong-Buy”

ValuEngine upgraded shares of Cooper-Standard (NYSE:CPS) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on CPS. Zacks Investment Research cut Cooper-Standard from a hold rating to a sell rating in a report on Wednesday, October 25th. Roth Capital lifted their price target on Cooper-Standard from $125.00 to $130.00 and gave the company a buy rating in a report on Thursday, November 2nd. Finally, KeyCorp reaffirmed a hold rating on shares of Cooper-Standard in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $120.50.

Shares of Cooper-Standard (NYSE:CPS) opened at $121.64 on Friday. Cooper-Standard has a 52 week low of $95.33 and a 52 week high of $135.00. The company has a quick ratio of 1.52, a current ratio of 1.73 and a debt-to-equity ratio of 0.85. The company has a market cap of $2,120.00, a price-to-earnings ratio of 16.89, a PEG ratio of 2.16 and a beta of 0.78.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 15th. The auto parts company reported $3.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.24. Cooper-Standard had a net margin of 3.74% and a return on equity of 25.31%. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $912.01 million. During the same quarter in the previous year, the company earned $2.80 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. sell-side analysts expect that Cooper-Standard will post 11.42 earnings per share for the current fiscal year.

In related news, insider Sharon Wenzl sold 585 shares of Cooper-Standard stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $125.98, for a total value of $73,698.30. Following the completion of the transaction, the insider now directly owns 2,990 shares of the company’s stock, valued at $376,680.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its holdings in shares of Cooper-Standard by 78.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock valued at $116,000 after buying an additional 500 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Cooper-Standard by 20.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 259 shares during the last quarter. Financial Sense Advisors Inc. bought a new stake in Cooper-Standard during the 3rd quarter worth about $203,000. Dean Capital Investments Management LLC bought a new stake in Cooper-Standard during the 4th quarter worth about $216,000. Finally, Sawgrass Asset Management LLC bought a new stake in Cooper-Standard during the 4th quarter worth about $227,000. 94.92% of the stock is owned by institutional investors and hedge funds.

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About Cooper-Standard

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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