Cooper-Standard (NYSE:CPS) Upgraded to “Buy” 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 morning.

Several other research firms have also issued reports on CPS. Stifel Nicolaus increased their target price on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings downgraded shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Citigroup increased their price objective on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cooper-Standard has an average rating of “Hold” and an average target price of $43.33.

Cooper-Standard Trading Down 1.9%

CPS opened at $28.22 on Friday. The company’s 50 day moving average is $34.20 and its 200 day moving average is $33.97. The company has a market cap of $497.82 million, a price-to-earnings ratio of -117.59 and a beta of 1.88. Cooper-Standard has a 12-month low of $10.38 and a 12-month high of $47.98.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78). The business had revenue of $672.37 million for the quarter, compared to analyst estimates of $641.51 million.

Insider Activity at Cooper-Standard

In related news, Director David John Mastrocola bought 3,391 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $100,950.07. Following the completion of the transaction, the director owned 25,000 shares in the company, valued at $744,250. The trade was a 15.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 6,885 shares of company stock valued at $208,144 over the last quarter. 8.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cooper-Standard

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of Cooper-Standard in the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. raised 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 purchasing an additional 682 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of 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 purchasing an additional 1,432 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Cooper-Standard in the 3rd quarter valued at approximately $57,000. Finally, Abound Wealth Management purchased a new position in shares of Cooper-Standard in the 3rd quarter worth approximately $116,000. 69.11% of the stock is currently 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.