Stifel Nicolaus Issues Positive Forecast for Cooper-Standard (NYSE:CPS) Stock Price

Cooper-Standard (NYSE:CPS) had its price objective boosted by Stifel Nicolaus from $41.00 to $43.00 in a research note issued to investors on Tuesday, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the auto parts company’s stock.

A number of other equities research analysts have also commented on the company. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Citigroup increased their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cooper-Standard in a research report on Monday, December 8th. Finally, Zacks Research lowered shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cooper-Standard currently has an average rating of “Hold” and a consensus price target of $39.00.

Cooper-Standard Stock Performance

Shares of NYSE:CPS opened at $35.00 on Tuesday. The firm has a 50 day simple moving average of $32.04 and a 200 day simple moving average of $29.86. Cooper-Standard has a 52 week low of $10.38 and a 52 week high of $40.67. The company has a market cap of $617.40 million, a PE ratio of 19.23 and a beta of 1.95.

Cooper-Standard (NYSE:CPS) last released its earnings results on Friday, October 31st. The auto parts company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $698.83 million.

Insider Buying and Selling

In other news, Director David John Mastrocola bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $29.05 per share, for a total transaction of $58,100.00. Following the acquisition, the director directly owned 18,115 shares of the company’s stock, valued at $526,240.75. The trade was a 12.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cooper-Standard

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers acquired a new position in shares of Cooper-Standard during the 1st quarter worth about $158,000. US Bancorp DE lifted its holdings in shares of Cooper-Standard by 86.9% during the first quarter. US Bancorp DE now owns 4,400 shares of the auto parts company’s stock worth $67,000 after buying an additional 2,046 shares during the last quarter. Nuveen LLC acquired a new position in shares of Cooper-Standard during the first quarter worth approximately $938,000. Raymond James Financial Inc. boosted its position in shares of Cooper-Standard by 19.7% in the first quarter. Raymond James Financial Inc. now owns 222,716 shares of the auto parts company’s stock valued at $3,412,000 after acquiring an additional 36,716 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Cooper-Standard in the first quarter worth $257,000. 69.11% of the stock is owned by institutional investors and hedge funds.

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.