Cooper-Standard (NYSE:CPS) Downgraded by Wall Street Zen to “Buy”

Cooper-Standard (NYSE:CPS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Separately, Citigroup started coverage on Cooper-Standard in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 price objective for the company.

Cooper-Standard Trading Up 3.6%

CPS stock opened at $21.81 on Friday. The business’s fifty day moving average price is $20.96 and its 200 day moving average price is $16.69. Cooper-Standard has a 12-month low of $10.38 and a 12-month high of $26.73. The company has a market capitalization of $382.71 million, a PE ratio of -8.26 and a beta of 2.87.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million for the quarter, compared to analysts’ expectations of $670.00 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in shares of Cooper-Standard by 11,273.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 2,593 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Cooper-Standard during the 4th quarter worth about $48,000. National Bank of Canada FI acquired a new stake in shares of Cooper-Standard in the 4th quarter valued at about $54,000. US Bancorp DE boosted its position in shares of Cooper-Standard by 86.9% in the 1st quarter. US Bancorp DE now owns 4,400 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 2,046 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Cooper-Standard in the 1st quarter valued at about $74,000. 69.11% of the stock is owned by institutional investors and hedge funds.

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.