StockNews.com Upgrades Cooper-Standard (NYSE:CPS) to “Buy”

Cooper-Standard (NYSE:CPS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Cooper-Standard Price Performance

Shares of NYSE:CPS opened at $14.24 on Tuesday. The company has a market capitalization of $246.21 million, a PE ratio of -1.22 and a beta of 2.87. Cooper-Standard has a 1-year low of $9.94 and a 1-year high of $22.74. The business has a fifty day moving average price of $15.51 and a 200-day moving average price of $16.41.

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

Institutional Investors Weigh In On Cooper-Standard

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Cooper-Standard by 0.4% in the third quarter. Acadian Asset Management LLC now owns 512,699 shares of the auto parts company’s stock worth $6,878,000 after buying an additional 2,124 shares during the period. Atomi Financial Group Inc. lifted its position in Cooper-Standard by 10.6% during the third quarter. Atomi Financial Group Inc. now owns 25,424 shares of the auto parts company’s stock valued at $341,000 after purchasing an additional 2,440 shares during the last quarter. BNP Paribas Financial Markets grew its position in Cooper-Standard by 19.6% in the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock worth $304,000 after acquiring an additional 3,004 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Cooper-Standard by 12.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 28,894 shares of the auto parts company’s stock valued at $478,000 after purchasing an additional 3,250 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Cooper-Standard during the third quarter valued at $56,000. 69.11% of the stock is currently owned by institutional investors.

About Cooper-Standard

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.