Cooper-Standard (NYSE:CPS) Announces Earnings Results

Cooper-Standard (NYSE:CPS) announced its earnings results on Thursday. The auto parts company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78), Zacks reports. The firm had revenue of $672.37 million for the quarter, compared to analyst estimates of $641.51 million.

Cooper-Standard Stock Up 34.9%

Shares of CPS stock traded up $11.91 during mid-day trading on Friday, hitting $46.06. 552,388 shares of the company’s stock were exchanged, compared to its average volume of 202,631. The stock has a market cap of $812.46 million, a price-to-earnings ratio of 25.03 and a beta of 1.94. Cooper-Standard has a fifty-two week low of $10.38 and a fifty-two week high of $45.42. The stock has a 50-day simple moving average of $32.88 and a two-hundred day simple moving average of $32.85.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CPS. Stifel Nicolaus lifted their price target on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings downgraded Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Citigroup increased 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, December 15th. Finally, Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CPS. Geneos Wealth Management Inc. lifted its position 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 valued at $39,000 after buying an additional 682 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 1,432 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Cooper-Standard by 101.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 1,658 shares during the period. State of Wyoming acquired a new stake in Cooper-Standard in the 4th quarter valued at $190,000. Finally, Prudential Financial Inc. acquired a new stake in Cooper-Standard in the 2nd quarter valued at $202,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.