Cooper-Standard (NYSE:CPS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a report issued on Saturday.

Several other research analysts have also weighed in on CPS. Weiss Ratings lowered Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Stifel Nicolaus raised their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Citigroup lifted their target price on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.00.

Cooper-Standard Stock Up 32.1%

CPS stock opened at $45.11 on Friday. The company has a 50 day moving average of $33.49 and a two-hundred day moving average of $33.26. The company has a market cap of $795.72 million, a price-to-earnings ratio of -187.95 and a beta of 1.94. Cooper-Standard has a 12-month low of $10.38 and a 12-month high of $47.77.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Thursday, February 12th. The auto parts company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million for the quarter, compared to analyst estimates of $641.51 million.

Institutional Trading of Cooper-Standard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPS. State of Alaska Department of Revenue bought a new position in Cooper-Standard during the third quarter worth about $30,000. New York State Teachers Retirement System acquired a new position in shares of Cooper-Standard in the 3rd quarter worth approximately $57,000. Geneos Wealth Management Inc. lifted its position in shares of Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares during the period. Tower Research Capital LLC TRC boosted its stake in Cooper-Standard by 136.5% in 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 buying 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. Institutional investors own 69.11% of the company’s stock.

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.