Cooper-Standard (CPS) Given “Hold” Rating at KeyCorp

KeyCorp reiterated their hold rating on shares of Cooper-Standard (NYSE:CPS) in a report issued on Friday, November 17th.

Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Cooper-Standard from a sell rating to a hold rating in a research report on Friday, November 3rd. Goldman Sachs Group lowered shares of Cooper-Standard from a buy rating to a neutral rating and set a $113.00 price target for the company. in a research report on Monday, October 16th. Buckingham Research lowered their price objective on shares of Cooper-Standard from $131.00 to $129.00 and set a buy rating for the company in a research note on Thursday, October 19th. Finally, Roth Capital upped their price objective on shares of Cooper-Standard from $125.00 to $130.00 and gave the company a buy rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Cooper-Standard presently has a consensus rating of Hold and an average price target of $117.17.

Shares of Cooper-Standard (NYSE CPS) opened at $123.70 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. Cooper-Standard has a 1-year low of $95.03 and a 1-year high of $128.52. The company has a market cap of $2,170.00, a P/E ratio of 11.83, a P/E/G ratio of 2.34 and a beta of 0.85.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The firm had revenue of $869.02 million for the quarter, compared to analysts’ expectations of $844.14 million. During the same quarter last year, the firm earned $2.48 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. analysts expect that Cooper-Standard will post 10.84 earnings per share for the current fiscal year.

In other Cooper-Standard news, VP Keith Dwayne Stephenson sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total value of $1,470,560.00. Following the transaction, the vice president now directly owns 63,584 shares in the company, valued at $6,678,863.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sharon Wenzl sold 585 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $125.98, for a total transaction of $73,698.30. Following the completion of the transaction, the insider now owns 2,990 shares in the company, valued at $376,680.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,950 shares of company stock worth $24,347,124. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPS. DekaBank Deutsche Girozentrale raised its position in Cooper-Standard by 78.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 500 shares during the period. Riverhead Capital Management LLC raised its position in shares of Cooper-Standard by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after purchasing an additional 632 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Cooper-Standard during the 2nd quarter valued at $146,000. Flinton Capital Management LLC raised its position in shares of Cooper-Standard by 66.7% during the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 616 shares during the period. Finally, Ameritas Investment Partners Inc. raised its position in shares of 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 valued at $155,000 after purchasing an additional 259 shares during the period. Institutional investors and hedge funds own 95.88% of the company’s stock.

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Cooper-Standard Company Profile

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.

Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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