Wall Street Zen Downgrades Cooper-Standard (NYSE:CPS) to Hold

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

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

Cooper-Standard Stock Performance

Shares of NYSE CPS opened at $39.54 on Friday. Cooper-Standard has a 1 year low of $10.38 and a 1 year high of $47.98. The firm has a market cap of $697.47 million, a P/E ratio of -164.75 and a beta of 1.94. The stock has a fifty day moving average price of $34.31 and a two-hundred day moving average price of $33.80.

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

Institutional Trading of Cooper-Standard

A number of hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in shares of Cooper-Standard during the third quarter valued at $30,000. Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 682 shares during the period. Tower Research Capital LLC TRC grew its stake in 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 valued at $53,000 after acquiring an additional 1,432 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Cooper-Standard in the 3rd quarter valued at about $57,000. Finally, Abound Wealth Management acquired a new position in shares of Cooper-Standard in the 3rd quarter valued at about $116,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

About Cooper-Standard

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.