Cooper-Standard (NYSE:CPS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a research report report published on Monday morning.

Cooper-Standard Trading Down 6.9 %

Shares of CPS opened at $16.07 on Monday. Cooper-Standard has a twelve month low of $9.86 and a twelve month high of $22.74. The company has a market cap of $277.85 million, a P/E ratio of -1.37 and a beta of 2.88. The company’s fifty day simple moving average is $15.62 and its 200-day simple moving average is $16.11.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share for the quarter. The firm had revenue of $673.64 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new position in Cooper-Standard in the 2nd quarter worth about $44,000. Allspring Global Investments Holdings LLC purchased a new position in Cooper-Standard in the 3rd quarter worth about $56,000. Quantbot Technologies LP purchased a new position in Cooper-Standard in the 2nd quarter worth about $57,000. Sunbelt Securities Inc. purchased a new position in Cooper-Standard in the 2nd quarter worth about $66,000. Finally, Barclays PLC increased its stake in Cooper-Standard by 202.5% in the 2nd quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock worth $75,000 after buying an additional 3,527 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.