Cooper-Standard (NYSE:CPS) released its quarterly earnings data on Thursday. The auto parts company reported $3.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.24, Bloomberg Earnings reports. The company had revenue of $937.90 million for the quarter, compared to analysts’ expectations of $912.01 million. Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 EPS.
Shares of Cooper-Standard (CPS) traded up $4.15 during trading hours on Friday, reaching $120.43. 20,977 shares of the company’s stock traded hands, compared to its average volume of 92,278. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75. Cooper-Standard has a 1 year low of $95.33 and a 1 year high of $135.00. The company has a market cap of $2,014.81, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 2.05 and a beta of 0.75.
A number of equities analysts have recently issued reports on the stock. Buckingham Research cut their price objective on shares of Cooper-Standard from $131.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Cooper-Standard from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. Roth Capital raised their price objective on shares of Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, ValuEngine raised shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $120.50.
In other news, insider Sharon Wenzl sold 585 shares of Cooper-Standard stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $125.98, for a total transaction of $73,698.30. Following the completion of the sale, the insider now directly owns 2,990 shares of the company’s stock, valued at approximately $376,680.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Song Min Lee sold 4,000 shares of Cooper-Standard stock in a transaction on Monday, November 20th. The stock was sold at an average price of $119.00, for a total transaction of $476,000.00. Following the sale, the senior vice president now directly owns 12,163 shares of the company’s stock, valued at $1,447,397. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Cooper-Standard 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.
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