Cooper-Standard (NYSE:CPS) Raised to Hold at Zacks Research

Cooper-Standard (NYSE:CPS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus reduced their price target on Cooper-Standard from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Weiss Ratings lowered Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. 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’s stock. According to MarketBeat.com, Cooper-Standard presently has an average rating of “Hold” and an average target price of $48.33.

Cooper-Standard Price Performance

NYSE CPS opened at $22.84 on Thursday. Cooper-Standard has a 1 year low of $22.20 and a 1 year high of $47.98. The company has a market capitalization of $405.83 million, a PE ratio of -7.27 and a beta of 2.01. The company has a fifty day moving average of $27.29 and a 200 day moving average of $28.79.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 6th. The auto parts company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.67). The business had revenue of $721.35 million during the quarter, compared to the consensus estimate of $708.90 million. Research analysts expect that Cooper-Standard will post 2.71 earnings per share for the current year.

Institutional Trading of Cooper-Standard

Several institutional investors have recently bought and sold shares of CPS. BlackRock Inc. purchased a new position in shares of Cooper-Standard in the second quarter valued at approximately $41,004,000. Fiduciary Alliance LLC increased its position in shares of Cooper-Standard by 0.5% during the first quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock worth $15,376,000 after purchasing an additional 2,598 shares in the last quarter. EVR Research LP increased its position in shares of Cooper-Standard by 114.3% during the fourth quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock worth $12,311,000 after purchasing an additional 200,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Cooper-Standard by 6.1% in 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 last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Cooper-Standard by 15.5% in 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 last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

About Cooper-Standard

Cooper-Standard Holdings Inc is a global automotive supplier headquartered in Northville, Michigan. Through its operating businesses, the company develops and manufactures systems and components used by original equipment manufacturers and other customers in the automotive and transportation industries.

Its principal products include fluid-handling systems for fuel, brake, and thermal-management applications; sealing systems such as door, window, trunk, and hood seals; and anti-vibration and related engineered components.