Cooper-Standard (NYSE:CPS) Upgraded at Zacks Research

Zacks Research upgraded shares of Cooper-Standard (NYSE:CPS) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Several other equities analysts have also weighed in on CPS. Stifel Nicolaus lifted their price objective on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Citigroup lifted their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cooper-Standard in a research report on Monday. Finally, Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Cooper-Standard presently has an average rating of “Hold” and a consensus target price of $39.00.

Cooper-Standard Trading Down 1.6%

Cooper-Standard stock opened at $32.69 on Tuesday. The stock has a fifty day moving average price of $31.91 and a 200 day moving average price of $30.70. Cooper-Standard has a 52 week low of $10.38 and a 52 week high of $40.67. The firm has a market capitalization of $576.65 million, a P/E ratio of 17.96 and a beta of 1.96.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Friday, October 31st. The auto parts company reported ($0.24) 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 analyst estimates of $698.83 million.

Insiders Place Their Bets

In other news, Director David John Mastrocola purchased 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, with a total value of $58,100.00. Following the purchase, the director directly owned 18,115 shares of the company’s stock, valued at approximately $526,240.75. This represents a 12.41% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Cooper-Standard during the 3rd quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted its stake in Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after buying an additional 682 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Cooper-Standard by 136.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 1,432 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Cooper-Standard during the third quarter valued at $57,000. Finally, Abound Wealth Management bought a new position in shares of Cooper-Standard during the third quarter worth about $116,000. 69.11% of the stock is currently owned by institutional investors.

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.