StockNews.com Upgrades Cooper-Standard (NYSE:CPS) to “Buy”

Cooper-Standard (NYSE:CPS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Cooper-Standard Stock Performance

NYSE CPS traded up $0.50 during trading on Tuesday, reaching $15.29. 204,371 shares of the company traded hands, compared to its average volume of 135,778. Cooper-Standard has a 1-year low of $11.24 and a 1-year high of $20.82. The stock’s 50 day moving average price is $13.79 and its two-hundred day moving average price is $13.74. The company has a market cap of $264.81 million, a price-to-earnings ratio of -1.54 and a beta of 2.74.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.50. The firm had revenue of $685.35 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CPS. BNP Paribas Financial Markets raised its position in Cooper-Standard by 19.6% in the 1st quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock worth $304,000 after purchasing an additional 3,004 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Cooper-Standard during the 1st quarter valued at $232,000. Atomi Financial Group Inc. raised its position in shares of Cooper-Standard by 14.5% during the 1st quarter. Atomi Financial Group Inc. now owns 35,541 shares of the auto parts company’s stock valued at $589,000 after acquiring an additional 4,503 shares during the last quarter. NorthRock Partners LLC raised its position in shares of Cooper-Standard by 100.0% during the 1st quarter. NorthRock Partners LLC now owns 72,000 shares of the auto parts company’s stock valued at $1,192,000 after acquiring an additional 36,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cooper-Standard by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock valued at $14,990,000 after acquiring an additional 33,598 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.