Cooper-Standard (CPS) Rating Increased to Strong-Buy at ValuEngine

Cooper-Standard (NYSE:CPS) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

CPS has been the subject of a number of other reports. Zacks Investment Research upgraded Cooper-Standard from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Roth Capital lifted their target price on Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Goldman Sachs Group downgraded Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research report on Monday, October 16th. Finally, Buckingham Research decreased their target price on Cooper-Standard from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $117.17.

Shares of Cooper-Standard (NYSE:CPS) opened at $122.50 on Friday. The stock has a market capitalization of $2,147.55, a price-to-earnings ratio of 16.76, a P/E/G ratio of 2.29 and a beta of 0.80. Cooper-Standard has a 52-week low of $95.33 and a 52-week high of $128.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.75 and a quick ratio of 1.52.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). The company had revenue of $869.02 million during the quarter, compared to the consensus estimate of $844.14 million. Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 earnings per share. analysts anticipate that Cooper-Standard will post 10.88 EPS for the current year.

In other news, insider Sharon Wenzl sold 585 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $125.98, for a total transaction of $73,698.30. Following the transaction, the insider now owns 2,990 shares in the company, valued at $376,680.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Song Min Lee sold 2,837 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $119.00, for a total value of $337,603.00. Following the transaction, the senior vice president now owns 12,163 shares in the company, valued at approximately $1,447,397. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,950 shares of company stock valued at $7,232,394. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in shares of Cooper-Standard by 78.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock valued at $116,000 after buying an additional 500 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Cooper-Standard by 79.0% during the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after buying an additional 632 shares during the period. Flinton Capital Management LLC increased its stake in shares of Cooper-Standard by 66.7% during the second quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after buying an additional 616 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Cooper-Standard by 20.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after buying an additional 259 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Cooper-Standard by 15.9% during the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after buying an additional 222 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.

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About Cooper-Standard

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.

Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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