Cooper-Standard (NYSE:CPS) Price Target Cut to $63.00 by Analysts at Buckingham Research

Cooper-Standard (NYSE:CPS) had its price target trimmed by Buckingham Research from $66.00 to $63.00 in a report released on Monday, BenzingaRatingsTable reports. The firm currently has a buy rating on the auto parts company’s stock.

A number of other analysts have also weighed in on the company. Roth Capital set a $194.00 price objective on Universal Display and gave the company a buy rating in a research note on Friday, May 3rd. ValuEngine raised Westpac Banking from a sell rating to a hold rating in a research note on Wednesday, May 22nd. Goldman Sachs Group set a $13.00 price objective on Ford Motor and gave the company a buy rating in a research note on Thursday, June 13th. Finally, Zacks Investment Research lowered Guaranty Federal Bancshares from a hold rating to a sell rating in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $49.75.

Shares of NYSE CPS opened at $44.75 on Monday. Cooper-Standard has a one year low of $36.11 and a one 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 simple moving average is $43.15. The company has a market capitalization of $797.62 million, a PE ratio of 7.60 and a beta of 1.58.

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

In related news, SVP William Pumphrey purchased 5,320 shares of Cooper-Standard stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $39.00 per share, for a total transaction of $207,480.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey A. Debest purchased 1,750 shares of Cooper-Standard stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $39.47 per share, with a total value of $69,072.50. Following the completion of the acquisition, the insider now directly owns 2,500 shares of the company’s stock, valued at $98,675. The disclosure for this purchase can be found here. Company insiders own 3.30% of the company’s stock.

Large investors have recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Cooper-Standard by 148.5% during the 1st quarter. First Trust Advisors LP now owns 34,261 shares of the auto parts company’s stock worth $1,609,000 after purchasing an additional 20,475 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Cooper-Standard by 15.1% in the first quarter. Clearbridge Investments LLC now owns 162,458 shares of the auto parts company’s stock valued at $7,629,000 after purchasing an additional 21,312 shares during the period. CNA Financial Corp grew its holdings in Cooper-Standard by 9.0% during the first quarter. CNA Financial Corp now owns 49,976 shares of the auto parts company’s stock worth $2,347,000 after acquiring an additional 4,140 shares during the period. NumerixS Investment Technologies Inc grew its holdings in Cooper-Standard by 100.0% during the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock worth $134,000 after acquiring an additional 1,400 shares during the period. Finally, THB Asset Management grew its holdings in Cooper-Standard by 90.5% during the first quarter. THB Asset Management now owns 7,447 shares of the auto parts company’s stock worth $349,000 after acquiring an additional 3,537 shares during the period. 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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