Cooper-Standard (NYSE:CPS) Stock Price Up 14.5% – Should You Buy?

Cooper-Standard Holdings Inc. (NYSE:CPS)’s stock price was up 14.5% on Friday . The company traded as high as $30.00 and last traded at $31.6230. 21,830 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 197,750 shares. The stock had previously closed at $27.63.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CPS shares. Zacks Research lowered shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cooper-Standard in a research note on Friday, May 22nd. Finally, Stifel Nicolaus cut their price target on Cooper-Standard from $55.00 to $53.00 and set a “buy” rating for the company in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $48.33.

Cooper-Standard Trading Up 15.8%

The business has a 50 day simple moving average of $28.73 and a 200-day simple moving average of $30.78. The stock has a market capitalization of $568.16 million, a price-to-earnings ratio of -10.21 and a beta of 2.00.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Wednesday, August 5th. The auto parts company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.68). The firm had revenue of $721.35 million for the quarter, compared to the consensus estimate of $708.90 million. Research analysts predict that Cooper-Standard Holdings Inc. will post 2.86 EPS for the current year.

Institutional Trading of Cooper-Standard

A number of institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Cooper-Standard by 15.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock worth $8,662,000 after buying an additional 41,797 shares during the period. Waystone Advisors LLC acquired a new stake in shares of Cooper-Standard during the fourth quarter worth approximately $1,482,000. EVR Research LP grew its holdings in Cooper-Standard by 114.3% during the 4th quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock worth $12,311,000 after acquiring an additional 200,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cooper-Standard by 173.4% in the third quarter. JPMorgan Chase & Co. now owns 44,564 shares of the auto parts company’s stock worth $1,646,000 after purchasing an additional 28,264 shares in the last quarter. Finally, Hodges Capital Management Inc. acquired a new position in shares of Cooper-Standard in the 1st quarter worth approximately $2,164,000. 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.