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

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

A number of other research analysts have also recently weighed in on the company. Weiss Ratings cut Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Citigroup lifted their price objective on Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Stifel Nicolaus raised their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.00.

View Our Latest Stock Analysis on CPS

Cooper-Standard Price Performance

Shares of CPS stock opened at $45.11 on Friday. The firm has a market cap of $795.72 million, a P/E ratio of -187.95 and a beta of 1.94. Cooper-Standard has a 1-year low of $10.38 and a 1-year high of $47.77. The firm’s 50-day simple moving average is $33.19 and its 200-day simple moving average is $33.11.

Cooper-Standard (NYSE:CPSGet Free Report) last released its earnings results on Thursday, February 12th. The auto parts company reported ($1.73) earnings per share (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.

Institutional Trading of Cooper-Standard

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Cooper-Standard by 343.0% during the first quarter. Royal Bank of Canada now owns 25,628 shares of the auto parts company’s stock worth $393,000 after purchasing an additional 19,843 shares in the last quarter. AQR Capital Management LLC increased its stake in Cooper-Standard by 1,345.8% during the 1st quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company’s stock worth $2,321,000 after buying an additional 141,049 shares during the period. Millennium Management LLC lifted its holdings in Cooper-Standard by 89.9% in the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock worth $4,765,000 after buying an additional 147,209 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Cooper-Standard by 21.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company’s stock valued at $3,286,000 after buying an additional 38,489 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Cooper-Standard during the second quarter valued at about $1,261,000. Institutional investors and hedge funds 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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