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Cooper-Standard (CPS) Banks on Cost Savings & New Businesses
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We issued an updated research report on Cooper-Standard Holdings Inc. (CPS - Free Report) on Aug 27.
Though this Novi, MI-based company reported an earnings miss in second-quarter 2018, it improved year over year. This year-over-year improvement was due to rise in operating efficiency and decline in selling, general, administrative, and engineering (SGA&E) expenses, which were partly offset by customer price reductions, unfavorable volume and mix, and high material costs.
Cooper-Standard is well placed, in terms of generation of business, and is in line with its cost-saving initiatives and lowering SGA&E expenses. Moreover, the company anticipates better performance in the second half of 2018 due to better volume and mix of vehicle production, particularly in North America.
Over the past three months, shares of Cooper-Standard have underperformed the industry it belongs to. Over this time frame, shares of the company have increased 15.2% against the industry’s decrease of 7.4%. Further, the Zacks Consensus Estimate for both the current quarter and current year earnings has increased over the past month.
In the first half of 2018, Cooper Standard’s sales reached $1.9 billion, up around 4.7% year over year. The strong sales growth has been recorded mainly due to favorable exchange rate fluctuations, primarily in Europe and Asia. The company anticipates sales of $3.60-$3.70 billion in 2018, up from the prior guidance of $3.55-$3.60 billion.
However, economic and geopolitical uncertainties, pricing pressures, and commodity cost inflation are headwinds before Cooper Standard.
Zacks Rank & Key Picks
Cooper-Standard currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Fox Factory Holding Corporation (FOXF - Free Report) , Honda Motor Co., Ltd. (HMC - Free Report) and AB Volvo (VLVLY - Free Report) . While Fox Factory sports a Zacks Rank #1 (Strong Buy), both Honda and Volvo carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 64.5%.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 9.2% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Over the past year, shares of the company have gained 3.6%.
Today's Stocks From Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Cooper-Standard (CPS) Banks on Cost Savings & New Businesses
We issued an updated research report on Cooper-Standard Holdings Inc. (CPS - Free Report) on Aug 27.
Though this Novi, MI-based company reported an earnings miss in second-quarter 2018, it improved year over year. This year-over-year improvement was due to rise in operating efficiency and decline in selling, general, administrative, and engineering (SGA&E) expenses, which were partly offset by customer price reductions, unfavorable volume and mix, and high material costs.
Cooper-Standard is well placed, in terms of generation of business, and is in line with its cost-saving initiatives and lowering SGA&E expenses. Moreover, the company anticipates better performance in the second half of 2018 due to better volume and mix of vehicle production, particularly in North America.
Over the past three months, shares of Cooper-Standard have underperformed the industry it belongs to. Over this time frame, shares of the company have increased 15.2% against the industry’s decrease of 7.4%. Further, the Zacks Consensus Estimate for both the current quarter and current year earnings has increased over the past month.
In the first half of 2018, Cooper Standard’s sales reached $1.9 billion, up around 4.7% year over year. The strong sales growth has been recorded mainly due to favorable exchange rate fluctuations, primarily in Europe and Asia. The company anticipates sales of $3.60-$3.70 billion in 2018, up from the prior guidance of $3.55-$3.60 billion.
However, economic and geopolitical uncertainties, pricing pressures, and commodity cost inflation are headwinds before Cooper Standard.
Zacks Rank & Key Picks
Cooper-Standard currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Fox Factory Holding Corporation (FOXF - Free Report) , Honda Motor Co., Ltd. (HMC - Free Report) and AB Volvo (VLVLY - Free Report) . While Fox Factory sports a Zacks Rank #1 (Strong Buy), both Honda and Volvo carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 16.8%. Over a year, shares of the company have gained 64.5%.
Honda has an expected long-term growth rate of 3%. Shares of the company have risen 9.2% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Over the past year, shares of the company have gained 3.6%.
Today's Stocks From Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>