Cooper-Standard Holdings Inc (CPS) is Downgraded by Jefferies to Hold

Cooper-Standard Holdings Inc (CPS) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Oct 19, 2016.

Many Wall Street Analysts have commented on Cooper-Standard Holdings Inc. Cooper-Standard Holdings Inc was Downgraded by Buckingham Research to ” Neutral” on Sep 27, 2016. Cooper-Standard Holdings Inc was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016.

On the company’s financial health, Cooper-Standard Holdings Inc reported $2.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.50 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $2.35. The company had revenue of $879.30 million for the quarter, compared to analysts expectations of $875.98 million. The company’s revenue was up 2.1% compared to the same quarter last year.

Cooper-Standard Holdings Inc opened for trading at $98.28 and hit $99.22 on the upside on Friday, eventually ending the session at $97.88, with a gain of 0.34% or 0.33 points. The heightened volatility saw the trading volume jump to 1,27,737 shares. Company has a market cap of $1,694 M.

In a different news, on Aug 17, 2016, Keith Dwayne Stephenson (Executive VP and COO) sold 42,940 shares at $98.03 per share price. According to the SEC, 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.

Cooper-Standard Holdings Inc

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