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

Cooper-Standard (NYSE:CPS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other research analysts also recently 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. Stifel Nicolaus lifted their target price on Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings lowered Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Finally, Citigroup increased their price target on Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.33.

Cooper-Standard Stock Performance

Shares of NYSE:CPS opened at $39.41 on Friday. Cooper-Standard has a 52-week low of $10.38 and a 52-week high of $47.98. The company has a market capitalization of $695.26 million, a PE ratio of -164.23 and a beta of 1.94. The company has a fifty day moving average of $34.19 and a 200-day moving average of $33.63.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78). The company had revenue of $672.37 million during the quarter, compared to analyst estimates of $641.51 million.

Institutional Investors Weigh In On Cooper-Standard

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in Cooper-Standard during the third quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted its holdings in shares of Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after buying an additional 1,432 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Cooper-Standard in the 3rd quarter valued at $57,000. Finally, Abound Wealth Management acquired a new position in shares of Cooper-Standard during the 3rd quarter valued at $116,000. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

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.