Cooper-Standard (NYSE:CPS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a research report report published on Saturday.

Other equities analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Stifel Nicolaus lifted their target price on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Citigroup upped their target price on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings lowered shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.33.

Cooper-Standard Price Performance

NYSE:CPS opened at $29.72 on Friday. Cooper-Standard has a one year low of $10.38 and a one year high of $47.98. The company has a fifty day moving average price of $34.13 and a 200 day moving average price of $33.88. The stock has a market cap of $524.17 million, a P/E ratio of -123.83 and a beta of 1.88.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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.

Insider Activity at Cooper-Standard

In other news, Director David John Mastrocola bought 3,391 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $29.77 per share, with a total value of $100,950.07. Following the purchase, the director owned 25,000 shares of the company’s stock, valued at approximately $744,250. This represents a 15.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders acquired 6,885 shares of company stock valued at $208,144. 8.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new stake in Cooper-Standard during the 3rd quarter worth $669,000. Great Hill Capital LLC acquired a new position in shares of Cooper-Standard in the 3rd quarter valued at $16,036,000. Empowered Funds LLC bought a new position in shares of Cooper-Standard in the 2nd quarter worth $3,798,000. Osaic Holdings Inc. boosted its position in shares of Cooper-Standard by 42.0% in the 2nd quarter. Osaic Holdings Inc. now owns 85,593 shares of the auto parts company’s stock worth $1,840,000 after purchasing an additional 25,318 shares during the last quarter. Finally, EVR Research LP acquired a new stake in shares of Cooper-Standard during the third quarter worth $6,463,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

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.