Media stories about Cooper-Standard Holdings (NYSE:CPS) have been trending somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cooper-Standard Holdings earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.5499514318297 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Silver Point Capital L.P. Sells 3,000 Shares of Cooper-Standard Holdings Inc. (CPS) Stock (americanbankingnews.com)
- Cooper-Standard Holdings Inc. (CPS) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Cooper-Standard (CPS) Presents At Deutsche Bank’s 25th Annual Leveraged Finance Conference – Slideshow (seekingalpha.com)
- Is Cooper-Standard Holdings Inc. (CPS) a Good Stock for Value Investors? (finance.yahoo.com)
- Cooper-Standard Holdings Inc. (CPS) Expected to Post Quarterly Sales of $831.98 Million (americanbankingnews.com)
CPS has been the topic of a number of recent analyst reports. Zacks Investment Research raised Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Monday. ValuEngine lowered Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $85.00 target price (down from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $111.20.
Shares of Cooper-Standard Holdings (NYSE:CPS) traded down 0.55% during trading on Wednesday, hitting $113.75. The company’s stock had a trading volume of 8,366 shares. Cooper-Standard Holdings has a 1-year low of $82.50 and a 1-year high of $118.60. The firm’s 50 day moving average is $107.48 and its 200-day moving average is $106.13. The company has a market capitalization of $2.02 billion, a P/E ratio of 14.34 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 EPS. Analysts forecast that Cooper-Standard Holdings will post $10.70 EPS for the current fiscal year.
In other news, major shareholder Silver Point Capital L.P. sold 3,000 shares of Cooper-Standard Holdings stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $117.01, for a total transaction of $351,030.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the sale, the vice president now directly owns 63,584 shares in the company, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. Insiders sold a total of 441,865 shares of company stock worth $48,687,275 in the last ninety days. Insiders own 1.10% of the company’s stock.
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About Cooper-Standard Holdings
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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