Buckingham Research Downgrades Cooper-Standard Holdings Inc to Neutral with Price Target $105.00

Brokerage firm Buckingham Research Downgrades its rating on Cooper-Standard Holdings Inc(NYSE:CPS). In a research note issued to the investors, the brokerage major Raises the price-target to $105.00 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Buckingham Research was issued on Sep 27, 2016.

In a different note, Seaport Global said it Initiates Coverage on Cooper-Standard Holdings Inc, according to a research note issued on Aug 9, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Jefferies said it Maintains its rating on Cooper-Standard Holdings Inc. In the research note, the firm Raises the price-target to $96.00 per share. The shares have been rated ‘Buy’ by the firm.

Cooper-Standard Holdings Inc (CPS) made into the market gainers list on Fridays trading session with the shares advancing 0.06% or 0.06 points. Due to strong positive momentum, the stock ended at $98.8, which is also near the day’s high of $99.25. The stock began the session at $99 and the volume stood at 1,40,420 shares. The 52-week high of the shares is $107.94 and the 52 week low is $56.96. The company has a current market capitalization of $1,710 M and it has 1,73,08,168 shares in outstanding.

Cooper-Standard Holdings Inc(CPS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $879.30M. Analysts had an estimated revenue of $875.98M. Earnings per share were $2.85. Analysts had estimated an EPS of $2.24.

Several Insider Transactions has been reported to the SEC. On Aug 17, 2016, Keith Dwayne Stephenson (Executive VP and COO) sold 42,940 shares at $98.03 per share price.Also, On Aug 15, 2016, Sharon Wenzl (officer ) sold 447 shares at $97.13 per share price.On Aug 10, 2016, William Pumphrey (Sr VP & President, NA) sold 5,244 shares at $95.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Cooper-Standard Holdings Inc. is a holding company. The Company through its subsidiaries manufactures sealing fuel and brake delivery fluid transfer and anti-vibration systems components subsystems and modules for use in passenger vehicles and light trucks. The Company operates in four segments: North America Europe South America and Asia Pacific. The Company’s principal products within each of these segments are sealing systems fuel and brake delivery systems fluid transfer systems and anti-vibration systems. The Company’s sealing systems protect vehicle interiors from weather dust and noise intrusion for improved driving experience. Its fuel and brake delivery systems sense deliver and control fluids to fuel and brake systems. Its fluid transfer systems sense deliver and control fluid and vapors for optimal powertrain & HVAC operation. Its anti-vibration systems control and isolate noise and vibration in the vehicle to improve ride and handling.

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