According to Zacks, “Cooper Standard is witnessing decline in adjusted earnings and sales, owing to unfavorable volume mix across regions along with challenging market conditions in Asia and Europe. Thanks to these headwinds, the company’s fourth-quarter and 2018 sales declined and sales are expected to be hurt in 2019 as well. Also, rise in commodity prices due to trade disputes and tariff charges, and volatility in foreign currencies added to its struggles. Over the past three months, shares of Cooper Standard have underperformed the industry it belongs to. However, product technology and innovation are supporting the company to win new contracts, beside gaining a competitive advantage over others. It will announce first-quarter 2019 results on May 2.”
A number of other research firms also recently issued reports on CPS. ValuEngine downgraded Cooper-Standard from a hold rating to a sell rating in a report on Wednesday, December 26th. Bank of America reiterated an underperform rating and issued a $40.00 price objective (down previously from $63.00) on shares of Cooper-Standard in a report on Wednesday, February 20th. Buckingham Research upgraded Cooper-Standard from a neutral rating to a buy rating and set a $83.00 price objective for the company in a report on Monday, January 14th. Seaport Global Securities started coverage on Cooper-Standard in a report on Wednesday, February 13th. They issued a neutral rating for the company. Finally, Roth Capital decreased their price objective on Cooper-Standard from $90.00 to $85.00 and set a buy rating for the company in a report on Thursday, February 14th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $85.50.
Shares of CPS stock opened at $56.33 on Tuesday. Cooper-Standard has a 52 week low of $46.59 and a 52 week high of $146.77. The firm has a market capitalization of $1.03 billion, a P/E ratio of 6.41 and a beta of 1.32. The company has a quick ratio of 1.32, a current ratio of 1.53 and a debt-to-equity ratio of 0.85.
Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Thursday, February 14th. The auto parts company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.40). The business had revenue of $871.99 million during the quarter, compared to analysts’ expectations of $894.65 million. Cooper-Standard had a return on equity of 17.95% and a net margin of 2.97%. Sell-side analysts anticipate that Cooper-Standard will post 5.37 EPS for the current fiscal year.
In other news, CFO Jonathan P. Banas acquired 1,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was acquired at an average price of $59.99 per share, for a total transaction of $59,990.00. Following the completion of the acquisition, the chief financial officer now owns 1,583 shares in the company, valued at $94,964.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Ramsey Quantitative Systems bought a new position in shares of Cooper-Standard during the fourth quarter valued at $154,000. Commonwealth Bank of Australia increased its holdings in shares of Cooper-Standard by 28.6% during the fourth quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock valued at $167,000 after acquiring an additional 600 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Cooper-Standard by 44.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 4,304 shares of the auto parts company’s stock valued at $267,000 after acquiring an additional 1,328 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Cooper-Standard by 48.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,299 shares of the auto parts company’s stock valued at $329,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Cooper-Standard by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,809 shares of the auto parts company’s stock valued at $361,000 after acquiring an additional 4,537 shares in the last quarter. Hedge funds and other institutional investors own 97.69% of the company’s stock.
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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