Buckingham Research Lowers Cooper-Standard (NYSE:CPS) Price Target to $63.00

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Cooper-Standard (NYSE:CPS) had its target price dropped by research analysts at Buckingham Research from $66.00 to $63.00 in a report released on Monday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. Buckingham Research’s price target indicates a potential upside of 36.66% from the company’s current price.

Several other equities analysts have also recently issued reports on CPS. Roth Capital set a $194.00 price target on shares of Universal Display and gave the company a “buy” rating in a research report on Friday, May 3rd. Goldman Sachs Group set a $13.00 price target on shares of Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, ValuEngine upgraded shares of Westpac Banking from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $49.75.

Shares of NYSE CPS opened at $46.10 on Monday. Cooper-Standard has a 1 year low of $36.11 and a 1 year high of $146.77. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.44 and a quick ratio of 1.24. The company’s 50-day moving average is $42.96. The stock has a market capitalization of $794.64 million, a PE ratio of 5.24 and a beta of 1.58.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.33). Cooper-Standard had a net margin of 1.34% and a return on equity of 12.38%. The company had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $887.56 million. During the same quarter in the prior year, the firm earned $3.45 EPS. Cooper-Standard’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Cooper-Standard will post 5.19 EPS for the current year.

In other Cooper-Standard news, insider Sharon Wenzl sold 600 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $52.62, for a total value of $31,572.00. Following the sale, the insider now owns 1,004 shares in the company, valued at $52,830.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William Pumphrey purchased 5,320 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of $39.00 per share, for a total transaction of $207,480.00. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Clearbridge Investments LLC grew its holdings in shares of Cooper-Standard by 15.1% during the first quarter. Clearbridge Investments LLC now owns 162,458 shares of the auto parts company’s stock valued at $7,629,000 after buying an additional 21,312 shares during the last quarter. BNP Paribas Arbitrage SA grew 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 valued at $192,000 after buying an additional 2,552 shares during the last quarter. First Mercantile Trust Co. grew 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 valued at $106,000 after buying an additional 270 shares during the last quarter. Norges Bank purchased a new stake in shares of Cooper-Standard during the fourth quarter valued at approximately $19,548,000. Finally, Deutsche Bank AG grew its holdings in shares of Cooper-Standard by 108.5% during the fourth quarter. Deutsche Bank AG now owns 77,180 shares of the auto parts company’s stock valued at $4,793,000 after buying an additional 40,161 shares during the last quarter. Hedge funds and other institutional investors own 95.91% of the company’s stock.

About Cooper-Standard

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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Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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