Cooper-Standard (NYSE:CPS) Price Target Raised to $43.00

Cooper-Standard (NYSE:CPS) had its target price upped by Stifel Nicolaus from $41.00 to $43.00 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the auto parts company’s stock.

A number of other research firms have also recently issued reports on CPS. Wall Street Zen cut Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Citigroup upped their price target on Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday. Zacks Research lowered shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cooper-Standard in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Cooper-Standard Stock Up 2.2%

CPS opened at $34.78 on Tuesday. Cooper-Standard has a 12 month low of $10.38 and a 12 month high of $40.67. The stock has a market cap of $613.52 million, a P/E ratio of 19.11 and a beta of 1.95. The company has a fifty day simple moving average of $32.09 and a 200 day simple moving average of $29.93.

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

Insider Buying and Selling

In related news, Director David John Mastrocola purchased 2,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $29.05 per share, with a total value of $58,100.00. Following the purchase, the director directly owned 18,115 shares of the company’s stock, valued at approximately $526,240.75. This trade represents a 12.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 8.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cooper-Standard

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new position in Cooper-Standard during the first quarter valued at approximately $158,000. US Bancorp DE boosted its position in shares of Cooper-Standard by 86.9% during the first quarter. US Bancorp DE now owns 4,400 shares of the auto parts company’s stock valued at $67,000 after buying an additional 2,046 shares during the period. Nuveen LLC bought a new position in shares of Cooper-Standard in the first quarter worth about $938,000. Raymond James Financial Inc. grew its stake in Cooper-Standard by 19.7% in the first quarter. Raymond James Financial Inc. now owns 222,716 shares of the auto parts company’s stock worth $3,412,000 after purchasing an additional 36,716 shares in the last quarter. Finally, Algert Global LLC purchased a new position in Cooper-Standard during the 1st quarter valued at about $257,000. 69.11% of the stock is currently owned by hedge funds and other 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.