Cooper-Standard (NYSE:CPS) Raised to Buy at Wall Street Zen

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

Several other research firms also recently commented on CPS. Stifel Nicolaus boosted their target price on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Citigroup boosted their price target on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Weiss Ratings lowered Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Finally, Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.33.

Cooper-Standard Stock Down 1.9%

NYSE:CPS opened at $28.22 on Friday. The business’s 50-day simple moving average is $34.20 and its two-hundred day simple moving average is $34.00. Cooper-Standard has a 52 week low of $10.38 and a 52 week high of $47.98. The stock has a market cap of $497.82 million, a PE ratio of -117.59 and a beta of 1.88.

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

Insider Activity

In related news, Director David John Mastrocola bought 3,391 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $29.77 per share, with a total value of $100,950.07. Following the completion of the purchase, the director owned 25,000 shares of the company’s stock, valued at $744,250. This trade represents a 15.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired 6,885 shares of company stock worth $208,144 over the last ninety days. 8.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPS. Vanguard Group Inc. boosted its position in Cooper-Standard by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 976,604 shares of the auto parts company’s stock valued at $36,066,000 after buying an additional 29,800 shares during the period. Fiduciary Alliance LLC increased its position in shares of Cooper-Standard by 0.5% during the fourth quarter. Fiduciary Alliance LLC now owns 501,373 shares of the auto parts company’s stock worth $16,460,000 after acquiring an additional 2,659 shares during the period. Great Hill Capital LLC bought a new stake in shares of Cooper-Standard during the third quarter valued at approximately $16,036,000. Geode Capital Management LLC boosted its holdings in shares of Cooper-Standard by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 422,689 shares of the auto parts company’s stock valued at $13,880,000 after purchasing an additional 13,143 shares during the period. Finally, EVR Research LP boosted its holdings in shares of Cooper-Standard by 114.3% in the fourth quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock valued at $12,311,000 after purchasing an additional 200,000 shares during the period. 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.