StockNews.com Upgrades Cooper-Standard (NYSE:CPS) to Buy

StockNews.com upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a research note published on Monday.

Cooper-Standard Stock Performance

Shares of Cooper-Standard stock opened at $15.31 on Monday. The firm has a market capitalization of $264.71 million, a price-to-earnings ratio of -1.31 and a beta of 2.88. Cooper-Standard has a fifty-two week low of $9.86 and a fifty-two week high of $22.74. The stock has a 50 day moving average of $15.52 and a 200 day moving average of $16.11.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Thursday, February 15th. The auto parts company reported ($1.79) EPS for the quarter. The business had revenue of $673.64 million during the quarter.

Institutional Trading of Cooper-Standard

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada purchased a new position in shares of Cooper-Standard during the second quarter worth about $44,000. Allspring Global Investments Holdings LLC purchased a new stake in Cooper-Standard in the 3rd quarter valued at approximately $56,000. Quantbot Technologies LP acquired a new stake in shares of Cooper-Standard during the 2nd quarter valued at approximately $57,000. Sunbelt Securities Inc. acquired a new stake in shares of Cooper-Standard during the 2nd quarter valued at approximately $66,000. Finally, Barclays PLC lifted its stake in shares of Cooper-Standard by 202.5% during the second quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock valued at $75,000 after buying an additional 3,527 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

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.