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

Cooper-Standard Holdings Inc (NYSE:CPS) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $49.75.

CPS has been the topic of several research analyst reports. Buckingham Research boosted their price target on Sonic Automotive from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Roth Capital set a $194.00 price target on Universal Display and gave the stock 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. Finally, Goldman Sachs Group set a $13.00 price target on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, June 13th.

CPS stock traded up $1.77 during trading on Friday, hitting $46.52. The company had a trading volume of 150,900 shares, compared to its average volume of 136,413. The stock has a market cap of $784.13 million, a price-to-earnings ratio of 5.29 and a beta of 1.58. Cooper-Standard has a 1-year low of $36.11 and a 1-year high of $146.77. The company has a 50-day simple moving average of $43.27. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.24 and a current ratio of 1.44.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Wednesday, May 1st. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.33). The company had revenue of $880.00 million during the quarter, compared to analyst estimates of $887.56 million. Cooper-Standard had a net margin of 1.34% and a return on equity of 12.38%. The business’s revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.45 EPS. As a group, research analysts forecast that Cooper-Standard will post 5.16 EPS for the current year.

In related news, insider Jeffrey A. Debest bought 1,750 shares of Cooper-Standard stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average price of $39.47 per share, with a total value of $69,072.50. Following the purchase, the insider now owns 2,500 shares in the company, valued at $98,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William Pumphrey bought 5,320 shares of Cooper-Standard stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost 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.

A number of hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund raised its holdings in Cooper-Standard by 1.8% in the 1st quarter. Texas Permanent School Fund now owns 11,010 shares of the auto parts company’s stock valued at $517,000 after acquiring an additional 192 shares during the last quarter. First Mercantile Trust Co. increased its holdings in shares of Cooper-Standard by 13.6% during the 1st 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 last quarter. Rhumbline Advisers increased its holdings in shares of Cooper-Standard by 0.6% during the 1st 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 last quarter. Commonwealth Bank of Australia increased its holdings in shares of Cooper-Standard by 28.6% during the 4th 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 last quarter. Finally, NumerixS Investment Technologies Inc increased its holdings in shares of Cooper-Standard by 100.0% during the 1st 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 last quarter. 95.91% of the stock is currently 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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