Cooper-Standard (NYSE:CPS) Stock Gets Price Target Cut from Stifel Nicolaus

Cooper-Standard (NYSE:CPS) had its price objective cut by Stifel Nicolaus from $53.00 to $32.00 in a report released on Monday, Marketbeat.com reports. They currently have a buy rating on the auto parts company’s stock.

A number of other brokerages have also issued reports on CPS. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Thursday, September 17th. Weiss Ratings lowered shares of Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cooper-Standard currently has a consensus rating of “Hold” and a consensus target price of $37.83.

Cooper-Standard Stock Down 3.3%

Shares of CPS opened at $19.77 on Monday. Cooper-Standard has a 12-month low of $19.47 and a 12-month high of $47.98. The business has a 50-day simple moving average of $23.92 and a two-hundred day simple moving average of $27.29.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 6th. The auto parts company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.67). The firm had revenue of $721.35 million during the quarter, compared to analysts’ expectations of $708.90 million. As a group, analysts expect that Cooper-Standard will post 0.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CPS. Legal & General Group Plc bought a new stake in Cooper-Standard in the second quarter valued at approximately $47,000. Fiduciary Alliance LLC raised its holdings in Cooper-Standard by 0.5% during the 1st 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 during the last quarter. Great Hill Capital LLC raised 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 during the last quarter. Squarepoint Ops LLC raised its holdings in Cooper-Standard by 5.8% during the 2nd quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock worth $1,953,000 after purchasing an additional 3,942 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Cooper-Standard by 29.1% during the 1st quarter. Inspire Investing LLC now owns 18,428 shares of the auto parts company’s stock worth $514,000 after purchasing an additional 4,157 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 that develops and manufactures systems and components designed to support vehicle performance, comfort, safety and durability. The company serves original equipment manufacturers (OEMs) and other customers across the automotive industry.

Its primary product areas include sealing systems, fluid-handling systems and anti-vibration systems. These products include door and window seals, body sealing components, fuel and brake lines, fluid-transfer assemblies, hoses, and components that help reduce noise, vibration and harshness in vehicles.