Cooper-Standard (NYSE:CPS) Sets New 12-Month High – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPS) reached a new 52-week high during trading on Friday . The company traded as high as $43.34 and last traded at $42.3850, with a volume of 149677 shares. The stock had previously closed at $34.15.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Citigroup raised their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, December 15th. Weiss Ratings downgraded Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Wall Street Zen downgraded Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. 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, Cooper-Standard has an average rating of “Hold” and an average price target of $39.00.

Cooper-Standard Stock Performance

The company’s 50 day simple moving average is $32.88 and its 200-day simple moving average is $32.85. The firm has a market capitalization of $790.45 million, a PE ratio of 24.53 and a beta of 1.94.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, February 12th. The auto parts company reported ($1.73) earnings per share 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 analyst estimates of $641.51 million.

Hedge Funds Weigh In On Cooper-Standard

A number of hedge funds have recently modified their holdings of CPS. Wells Fargo & Company MN boosted its holdings in shares of Cooper-Standard by 37.4% during the fourth quarter. Wells Fargo & Company MN now owns 20,107 shares of the auto parts company’s stock worth $660,000 after purchasing an additional 5,472 shares during the period. HRT Financial LP purchased a new position in shares of Cooper-Standard during the fourth quarter valued at approximately $389,000. Polen Capital Management LLC bought a new position in shares of Cooper-Standard during the fourth quarter valued at approximately $251,000. Empowered Funds LLC raised its holdings in shares of Cooper-Standard by 8.8% during the fourth quarter. Empowered Funds LLC now owns 164,165 shares of the auto parts company’s stock valued at $5,390,000 after acquiring an additional 13,233 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Cooper-Standard by 12.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,857 shares of the auto parts company’s stock worth $258,000 after acquiring an additional 857 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

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.