Cooper-Standard (NYSE:CPS) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Cooper-Standard (NYSE:CPS) from a strong sell rating to a hold rating in a research note published on Thursday morning,Zacks reports.

CPS has been the subject of several other reports. Weiss Ratings downgraded Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. Stifel Nicolaus lowered their price objective on shares of Cooper-Standard from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. One 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. Based on data from MarketBeat.com, Cooper-Standard has an average rating of “Hold” and an average target price of $48.33.

Cooper-Standard Price Performance

Shares of CPS stock opened at $22.84 on Thursday. The company has a 50-day moving average of $27.29 and a two-hundred day moving average of $28.79. The firm has a market cap of $405.83 million, a PE ratio of -7.27 and a beta of 2.01. Cooper-Standard has a 1-year low of $22.20 and a 1-year high of $47.98.

Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, August 6th. The auto parts company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.54 by ($0.67). The company had revenue of $721.35 million during the quarter, compared to analysts’ expectations of $708.90 million. Sell-side analysts anticipate that Cooper-Standard will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Cooper-Standard

Several institutional investors have recently bought and sold shares of CPS. Legal & General Group Plc acquired a new stake in shares of Cooper-Standard in the 2nd quarter worth $47,000. Fiduciary Alliance LLC grew its holdings 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 worth $15,376,000 after acquiring an additional 2,598 shares during the period. Squarepoint Ops LLC raised its holdings in Cooper-Standard by 5.8% during the second quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock worth $1,953,000 after purchasing an additional 3,942 shares during the last quarter. Inspire Investing LLC increased its holdings in Cooper-Standard by 29.1% during the 1st quarter. Inspire Investing LLC now owns 18,428 shares of the auto parts company’s stock valued at $514,000 after acquiring an additional 4,157 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Cooper-Standard by 53.4% in the first quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock worth $342,000 after acquiring an additional 4,275 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

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.