Cooper-Standard (NYSE:CPS) Stock Gets Price Target Reduction from Freedom Broker

Cooper-Standard (NYSE:CPS) had its target price dropped by analysts at Freedom Broker from $45.00 to $27.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. Freedom Broker‘s price target points to a potential upside of 44.74% from the stock’s current price.

CPS has been the subject of a number of other reports. Stifel Nicolaus decreased their target price on Cooper-Standard from $53.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Zacks Research cut Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Citigroup cut their price target on Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Weiss Ratings upgraded Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.00.

Cooper-Standard Trading Up 4.0%

Shares of CPS stock traded up $0.72 during trading hours on Monday, hitting $18.65. 249,817 shares of the company were exchanged, compared to its average volume of 222,104. The firm has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $28.39. Cooper-Standard has a 52-week low of $16.91 and a 52-week high of $47.98. The stock has a market capitalization of $331.48 million, a price-to-earnings ratio of -4.85 and a beta of 2.03.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.85). The company had revenue of $708.59 million for the quarter, compared to the consensus estimate of $704.13 million. Sell-side analysts anticipate that Cooper-Standard will post 0.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Cooper-Standard in the second quarter worth $41,004,000. Dimensional Fund Advisors LP raised its stake in shares of Cooper-Standard by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock valued at $11,376,000 after purchasing an additional 23,620 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Cooper-Standard by 15.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock valued at $8,662,000 after purchasing an additional 41,797 shares during the period. Great Hill Capital LLC lifted its holdings in Cooper-Standard by 1.0% during the 3rd quarter. Great Hill Capital LLC now owns 333,080 shares of the auto parts company’s stock worth $6,941,000 after purchasing an additional 3,342 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Cooper-Standard in the 2nd quarter worth about $3,867,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.

Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.