KeyCorp Analysts Lower Earnings Estimates for Cooper-Standard Holdings Inc (CPS)

Cooper-Standard Holdings Inc (NYSE:CPS) – Analysts at KeyCorp dropped their Q2 2017 earnings per share estimates for shares of Cooper-Standard Holdings in a research note issued to investors on Monday. KeyCorp analyst B. Hoselton now anticipates that the auto parts company will post earnings of $2.68 per share for the quarter, down from their previous estimate of $2.94. KeyCorp also issued estimates for Cooper-Standard Holdings’ Q3 2017 earnings at $2.44 EPS and Q4 2017 earnings at $2.73 EPS.

Other research analysts have also recently issued research reports about the stock. Jefferies Group LLC boosted their price target on shares of Cooper-Standard Holdings from $109.00 to $117.00 and gave the stock a “hold” rating in a report on Tuesday, February 21st. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $113.50.

Earnings History and Estimates for Cooper-Standard Holdings (NYSE:CPS)

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Cooper-Standard Holdings (NYSE:CPS) opened at 111.10 on Wednesday. The company has a market capitalization of $1.98 billion, a P/E ratio of 13.96 and a beta of 0.70. Cooper-Standard Holdings has a 1-year low of $74.33 and a 1-year high of $118.59. The stock’s 50 day moving average is $108.57 and its 200-day moving average is $104.01.

Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, May 4th. The auto parts company reported $2.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.52 by $0.43. Cooper-Standard Holdings had a net margin of 3.75% and a return on equity of 30.67%. The firm had revenue of $902.05 million for the quarter, compared to the consensus estimate of $866.38 million.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of Cooper-Standard Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,960 shares of the auto parts company’s stock valued at $217,000 after buying an additional 40 shares during the last quarter. Suntrust Banks Inc. boosted its position in shares of Cooper-Standard Holdings by 2.8% in the third quarter. Suntrust Banks Inc. now owns 2,950 shares of the auto parts company’s stock valued at $290,000 after buying an additional 79 shares during the last quarter. Cornercap Investment Counsel Inc. boosted its position in shares of Cooper-Standard Holdings by 1.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 5,780 shares of the auto parts company’s stock valued at $598,000 after buying an additional 80 shares during the last quarter. New York State Teachers Retirement System boosted its position in shares of Cooper-Standard Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,060 shares of the auto parts company’s stock valued at $1,454,000 after buying an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Cooper-Standard Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the auto parts company’s stock valued at $799,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.

In other news, major shareholder Silver Point Capital L.P. sold 10,000 shares of the company’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $108.53, for a total value of $1,085,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Song Min Lee sold 911 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $110.70, for a total transaction of $100,847.70. Following the completion of the transaction, the senior vice president now owns 15,000 shares of the company’s stock, valued at approximately $1,660,500. The disclosure for this sale can be found here. Insiders have sold a total of 360,311 shares of company stock valued at $40,242,950 in the last quarter. 3.90% of the stock is currently owned by company insiders.

Cooper-Standard Holdings 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.

5 Day Chart for NYSE:CPS

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