Cooper-Standard Holdings (CPS) Earning Somewhat Favorable Press Coverage, Analysis Finds
Media headlines about Cooper-Standard Holdings (NYSE:CPS) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cooper-Standard Holdings earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 47.2862422075379 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- 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)
- Cooper-Standard Holdings Inc. (CPS) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Cooper-Standard Holdings Inc. (CPS) Major Shareholder Silver Point Capital L.P. Sells 7,000 Shares (americanbankingnews.com)
Cooper-Standard Holdings (NYSE CPS) traded down 0.11% on Thursday, reaching $116.59. The company’s stock had a trading volume of 6,808 shares. Cooper-Standard Holdings has a 52 week low of $82.50 and a 52 week high of $118.60. The firm has a 50 day moving average price of $105.67 and a 200 day moving average price of $106.07. The stock has a market capitalization of $2.07 billion, a P/E ratio of 14.69 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. Cooper-Standard Holdings’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $2.85 EPS. On average, equities analysts anticipate that Cooper-Standard Holdings will post $10.70 EPS for the current year.
CPS has been the topic of a number of recent analyst reports. Zacks Investment Research cut Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Bank of America Corporation reiterated an “underperform” rating and issued a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. BidaskClub cut Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, ValuEngine cut Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $106.75.
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In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $105.76, for a total value of $52,880.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the completion of the transaction, the vice president now owns 63,584 shares in the company, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 439,365 shares of company stock worth $48,389,125. 1.10% of the stock is 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.
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