Cooper-Standard (NYSE:CPS) Trading Up 6% – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPS) traded up 6% during mid-day trading on Tuesday . The company traded as high as $35.12 and last traded at $35.1860. 34,217 shares were traded during trading, a decline of 87% from the average session volume of 258,708 shares. The stock had previously closed at $33.21.

Analyst Upgrades and Downgrades

CPS has been the subject of several research reports. Zacks Research downgraded shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cooper-Standard in a research report on Monday, December 8th. Stifel Nicolaus boosted their price target on Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Citigroup upped their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.00.

Cooper-Standard Stock Up 5.2%

The company has a market cap of $616.09 million, a P/E ratio of 19.11 and a beta of 1.95. The stock’s 50-day moving average price is $32.02 and its 200 day moving average price is $29.78.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Friday, October 31st. The auto parts company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.74). The company had revenue of $695.50 million during the quarter, compared to analyst estimates of $698.83 million.

Insider Transactions at Cooper-Standard

In other news, Director David John Mastrocola acquired 2,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $29.05 per share, with a total value of $58,100.00. Following the completion of the purchase, the director owned 18,115 shares of the company’s stock, valued at $526,240.75. This represents a 12.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by corporate insiders.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in Cooper-Standard during the 3rd quarter worth $30,000. New York State Teachers Retirement System acquired a new stake in shares of Cooper-Standard in the third quarter valued at approximately $57,000. Geneos Wealth Management Inc. boosted its holdings in Cooper-Standard by 60.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 682 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Cooper-Standard by 136.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Abound Wealth Management acquired a new stake in Cooper-Standard in the 3rd quarter valued at $116,000. 69.11% of the stock is owned by institutional investors.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.