Cooper-Standard (NYSE:CPS) Upgraded by Wall Street Zen to “Buy” Rating

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

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

Read Our Latest Analysis on CPS

Cooper-Standard Stock Performance

Shares of Cooper-Standard stock opened at $45.11 on Friday. The stock has a 50 day moving average of $33.19 and a 200 day moving average of $33.05. The firm has a market capitalization of $795.59 million, a price-to-earnings ratio of -187.95 and a beta of 1.94. Cooper-Standard has a fifty-two week low of $10.38 and a fifty-two week high of $47.77.

Cooper-Standard (NYSE:CPSGet Free Report) last announced 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 during the quarter, compared to analyst estimates of $641.51 million.

Institutional Investors Weigh In On Cooper-Standard

A number of large investors have recently modified their holdings of CPS. Vanguard Group Inc. lifted its position in shares of Cooper-Standard by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 976,604 shares of the auto parts company’s stock worth $36,066,000 after purchasing an additional 29,800 shares during the last quarter. Fiduciary Alliance LLC raised its position in shares of Cooper-Standard by 0.5% during the 4th quarter. Fiduciary Alliance LLC now owns 501,373 shares of the auto parts company’s stock worth $16,460,000 after acquiring an additional 2,659 shares in the last quarter. Great Hill Capital LLC acquired a new stake in shares of Cooper-Standard during the 3rd quarter worth about $16,036,000. Geode Capital Management LLC lifted its stake in Cooper-Standard by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 422,689 shares of the auto parts company’s stock worth $13,880,000 after purchasing an additional 13,143 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Cooper-Standard by 89.9% in the first quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock valued at $4,765,000 after purchasing an additional 147,209 shares during the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Cooper-Standard

Here are the key news stories impacting Cooper-Standard this week:

About Cooper-Standard

(Get Free Report)

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.

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