Cooper-Standard (NYSE:CPS) Trading Up 14.5% – Here’s What Happened

Cooper-Standard Holdings Inc. (NYSE:CPS)’s stock price shot up 14.5% during trading on Friday . The stock traded as high as $30.00 and last traded at $31.6230. 21,830 shares were traded during trading, a decline of 89% from the average session volume of 197,750 shares. The stock had previously closed at $27.63.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Cooper-Standard from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Zacks Research lowered Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cooper-Standard in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $48.33.

Cooper-Standard Trading Up 15.8%

The business’s fifty day moving average price is $28.73 and its two-hundred day moving average price is $30.78. The firm has a market cap of $568.16 million, a P/E ratio of -10.21 and a beta of 2.00.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Wednesday, August 5th. The auto parts company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.68). The firm had revenue of $721.35 million for the quarter, compared to analyst estimates of $708.90 million. Research analysts predict that Cooper-Standard Holdings Inc. will post 2.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Cooper-Standard

Several large investors have recently modified their holdings of CPS. Arkadios Wealth Advisors increased its holdings in shares of Cooper-Standard by 0.5% in the fourth quarter. Arkadios Wealth Advisors now owns 50,748 shares of the auto parts company’s stock worth $1,666,000 after acquiring an additional 231 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Cooper-Standard by 4.8% during the 4th quarter. Intech Investment Management LLC now owns 6,810 shares of the auto parts company’s stock valued at $224,000 after purchasing an additional 312 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Cooper-Standard by 3.3% during the 4th quarter. Cerity Partners LLC now owns 9,951 shares of the auto parts company’s stock valued at $327,000 after purchasing an additional 320 shares in the last quarter. Deutsche Bank AG grew its position in shares of Cooper-Standard by 1.0% in the 4th quarter. Deutsche Bank AG now owns 52,625 shares of the auto parts company’s stock valued at $1,728,000 after purchasing an additional 544 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 682 shares during the period. 69.11% of the stock is currently owned by institutional investors.

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.