Cooper-Standard (NYSE:CPS) Stock Rating Upgraded by Wall Street Zen

Cooper-Standard (NYSE:CPSGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research firms have also issued reports on CPS. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Citigroup increased their price target on Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, December 15th. Stifel Nicolaus raised their price target on Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings lowered shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cooper-Standard presently has a consensus rating of “Hold” and an average target price of $39.00.

Get Our Latest Stock Analysis on CPS

Cooper-Standard Stock Up 32.1%

Cooper-Standard stock opened at $45.11 on Friday. The company’s 50-day moving average price is $33.19 and its 200-day moving average price is $32.99. The company has a market cap of $795.72 million, a PE ratio of -187.95 and a beta of 1.94. Cooper-Standard has a twelve month low of $10.38 and a twelve month 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 analysts’ consensus estimates of ($0.95) by ($0.78). The company had revenue of $672.37 million for the quarter, compared to analysts’ expectations of $641.51 million.

Hedge Funds Weigh In On Cooper-Standard

A number of large investors have recently bought and sold shares of CPS. Empowered Funds LLC bought a new stake in shares of Cooper-Standard during the second quarter worth $3,798,000. Y Intercept Hong Kong Ltd bought a new position in shares of Cooper-Standard in the second quarter worth about $1,261,000. Balentine LLC bought a new stake in Cooper-Standard during the 2nd quarter valued at about $207,000. Osaic Holdings Inc. lifted its holdings in Cooper-Standard by 42.0% during the 2nd quarter. Osaic Holdings Inc. now owns 85,593 shares of the auto parts company’s stock valued at $1,840,000 after buying an additional 25,318 shares in the last quarter. Finally, Truefg LLC bought a new stake in Cooper-Standard during the 3rd quarter valued at about $277,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

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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