Cooper-Standard (NYSE:CPS) Reaches New 1-Year High – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPSGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.34 and last traded at $42.3850, with a volume of 149677 shares changing hands. The stock had previously closed at $34.15.

Key Stories Impacting Cooper-Standard

Here are the key news stories impacting Cooper-Standard this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings cut shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Wall Street Zen upgraded Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup upped 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, December 15th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.00.

Check Out Our Latest Analysis on CPS

Cooper-Standard Trading Up 32.1%

The company has a market cap of $795.59 million, a price-to-earnings ratio of -187.95 and a beta of 1.94. The business has a fifty day moving average price of $33.19 and a two-hundred day moving average price of $33.05.

Cooper-Standard (NYSE:CPSGet Free Report) last issued its earnings results on Thursday, February 12th. The auto parts company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The business had revenue of $672.37 million during the quarter, compared to the consensus estimate of $641.51 million.

Institutional Trading of Cooper-Standard

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

Cooper-Standard Company Profile

(Get Free Report)

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.

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