Cooper-Standard Holdings Inc (NYSE:CPS) Receives $54.75 Consensus Price Target from Brokerages

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Shares of Cooper-Standard Holdings Inc (NYSE:CPS) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.75.

A number of equities analysts have recently commented on the company. Roth Capital set a $194.00 price target on Universal Display and gave the stock a “buy” rating in a report on Friday, May 3rd. Goldman Sachs Group set a $13.00 price target on Ford Motor and gave the stock a “buy” rating in a report on Thursday, June 13th. Buckingham Research lifted their price objective on Sonic Automotive from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine raised Westpac Banking from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd.

Shares of Cooper-Standard stock traded down $1.01 during trading hours on Friday, reaching $44.51. The company had a trading volume of 5,134 shares, compared to its average volume of 140,226. Cooper-Standard has a one year low of $36.11 and a one year high of $146.77. The business has a fifty day moving average price of $43.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.24 and a current ratio of 1.44. The company has a market cap of $784.02 million, a price-to-earnings ratio of 5.09 and a beta of 1.58.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.33). Cooper-Standard had a return on equity of 12.38% and a net margin of 1.34%. The company had revenue of $880.00 million during the quarter, compared to the consensus estimate of $887.56 million. During the same period in the previous year, the business earned $3.45 earnings per share. Cooper-Standard’s revenue was down 9.0% on a year-over-year basis. As a group, equities research analysts predict that Cooper-Standard will post 5.19 earnings per share for the current fiscal year.

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

Hedge funds have recently modified their holdings of the business. Texas Permanent School Fund increased its holdings in shares of Cooper-Standard by 1.8% in the first quarter. Texas Permanent School Fund now owns 11,010 shares of the auto parts company’s stock worth $517,000 after buying an additional 192 shares during the period. First Mercantile Trust Co. increased its holdings in shares of Cooper-Standard by 13.6% in the first quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock worth $106,000 after buying an additional 270 shares during the period. Rhumbline Advisers increased its holdings in shares of Cooper-Standard by 0.6% in the first quarter. Rhumbline Advisers now owns 50,537 shares of the auto parts company’s stock worth $2,373,000 after buying an additional 315 shares during the period. Commonwealth Bank of Australia increased its holdings in shares of Cooper-Standard by 28.6% in the fourth quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock worth $167,000 after buying an additional 600 shares during the period. Finally, NumerixS Investment Technologies Inc increased its holdings in shares of Cooper-Standard by 100.0% in the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock worth $134,000 after buying an additional 1,400 shares during the period. 95.91% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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