Cooper-Standard (NYSE:CPS) Upgraded by Zacks Research to “Hold” Rating

Cooper-Standard (NYSE:CPS) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Cooper-Standard from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings cut Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. One equities 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.33.

Cooper-Standard Stock Up 0.3%

CPS opened at $22.84 on Thursday. The company has a market capitalization of $405.83 million, a price-to-earnings ratio of -7.27 and a beta of 2.01. The firm has a 50-day moving average price of $27.29 and a 200-day moving average price of $28.79. Cooper-Standard has a twelve month low of $22.20 and a twelve month high of $47.98.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 6th. The auto parts company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.67). The company had revenue of $721.35 million for the quarter, compared to the consensus estimate of $708.90 million. On average, sell-side analysts expect that Cooper-Standard will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Cooper-Standard in the second quarter worth $41,004,000. Fiduciary Alliance LLC boosted its stake in Cooper-Standard by 0.5% during the first quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock valued at $15,376,000 after buying an additional 2,598 shares during the period. Dimensional Fund Advisors LP boosted its stake in Cooper-Standard by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock valued at $11,376,000 after buying an additional 23,620 shares during the period. EVR Research LP grew its position in Cooper-Standard by 114.3% during the fourth quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock worth $12,311,000 after buying an additional 200,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Cooper-Standard by 15.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock worth $8,662,000 after buying an additional 41,797 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

About Cooper-Standard

Cooper-Standard Holdings Inc is a global automotive supplier headquartered in Northville, Michigan. Through its operating businesses, the company develops and manufactures systems and components used by original equipment manufacturers and other customers in the automotive and transportation industries.

Its principal products include fluid-handling systems for fuel, brake, and thermal-management applications; sealing systems such as door, window, trunk, and hood seals; and anti-vibration and related engineered components.