Cooper-Standard (NYSE:CPS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a report released on Sunday morning.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price target on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Weiss Ratings lowered shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Citigroup increased their price target on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.33.

Cooper-Standard Price Performance

Shares of Cooper-Standard stock opened at $39.41 on Friday. The stock has a market cap of $695.26 million, a PE ratio of -164.23 and a beta of 1.94. The firm has a fifty day moving average price of $34.19 and a 200 day moving average price of $33.69. Cooper-Standard has a 1 year low of $10.38 and a 1 year high of $47.98.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results 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 business had revenue of $672.37 million during the quarter, compared to the consensus estimate of $641.51 million.

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPS. Principal Financial Group Inc. acquired a new position in Cooper-Standard in the 3rd quarter valued at $669,000. Empowered Funds LLC acquired a new stake in shares of Cooper-Standard in the second quarter valued at about $3,798,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Cooper-Standard in the second quarter worth about $1,261,000. Balentine LLC acquired a new position in Cooper-Standard during the second quarter worth about $207,000. Finally, Osaic Holdings Inc. boosted its position in Cooper-Standard by 42.0% during the second quarter. Osaic Holdings Inc. now owns 85,593 shares of the auto parts company’s stock worth $1,840,000 after acquiring an additional 25,318 shares during the last quarter. 69.11% of the stock is owned by hedge funds and other 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.