Stifel Nicolaus Issues Positive Forecast for Cooper-Standard (NYSE:CPS) Stock Price

Cooper-Standard (NYSE:CPS) had its price target raised by equities research analysts at Stifel Nicolaus from $41.00 to $43.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the auto parts company’s stock. Stifel Nicolaus’ price target points to a potential upside of 23.12% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Citigroup lifted their price objective on Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday. Zacks Research cut shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Cooper-Standard in a research report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.00.

Cooper-Standard Stock Up 5.2%

NYSE CPS traded up $1.72 on Tuesday, hitting $34.93. 47,238 shares of the stock were exchanged, compared to its average volume of 258,804. The company has a 50-day moving average price of $32.02 and a 200-day moving average price of $29.78. The company has a market cap of $616.08 million, a PE ratio of 19.19 and a beta of 1.95. Cooper-Standard has a fifty-two week low of $10.38 and a fifty-two week high of $40.67.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Friday, October 31st. The auto parts company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The company had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $698.83 million.

Insider Activity

In other news, Director David John Mastrocola purchased 2,000 shares of Cooper-Standard stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $29.05 per share, with a total value of $58,100.00. Following the completion of the acquisition, the director owned 18,115 shares in the company, valued at $526,240.75. The trade was a 12.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Cooper-Standard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPS. Vanguard Group Inc. increased its holdings in shares of Cooper-Standard by 3.1% in the third 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 in the last quarter. Fiduciary Alliance LLC increased its position in Cooper-Standard by 2.9% in the 3rd quarter. Fiduciary Alliance LLC now owns 498,714 shares of the auto parts company’s stock worth $18,418,000 after purchasing an additional 13,973 shares during the last quarter. Great Hill Capital LLC bought a new position in Cooper-Standard during the third quarter valued at approximately $16,036,000. Geode Capital Management LLC lifted its stake in shares of Cooper-Standard by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company’s stock valued at $8,702,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock worth $4,765,000 after acquiring an additional 147,209 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

About Cooper-Standard

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.