Cooper-Standard (NYSE:CPS) Stock Rating Lowered by Wall Street Zen

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

Other equities analysts have also recently issued reports about the stock. 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 upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Citigroup boosted their target price on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Finally, Stifel Nicolaus upped their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cooper-Standard currently has an average rating of “Hold” and an average price target of $43.33.

Cooper-Standard Trading Down 2.4%

Shares of NYSE CPS opened at $29.03 on Friday. Cooper-Standard has a 1-year low of $10.38 and a 1-year high of $47.98. The company has a 50-day moving average of $33.91 and a two-hundred day moving average of $33.66. The company has a market cap of $512.09 million, a PE ratio of -120.96 and a beta of 1.88.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Friday, February 13th. The auto parts company reported ($1.73) EPS 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 analysts’ expectations of $641.51 million.

Insider Activity

In related news, Director David John Mastrocola acquired 3,391 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $29.77 per share, with a total value of $100,950.07. Following the completion of the purchase, the director directly owned 25,000 shares in the company, valued at $744,250. The trade was a 15.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders bought 6,885 shares of company stock worth $208,144 in the last ninety days. 8.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its position in shares of Cooper-Standard by 0.5% in the 4th quarter. Arkadios Wealth Advisors now owns 50,748 shares of the auto parts company’s stock worth $1,666,000 after purchasing an additional 231 shares during the period. Intech Investment Management LLC increased its position in shares of Cooper-Standard by 4.8% during the fourth quarter. Intech Investment Management LLC now owns 6,810 shares of the auto parts company’s stock worth $224,000 after buying an additional 312 shares during the period. Cerity Partners LLC raised its stake in Cooper-Standard by 3.3% during the fourth quarter. Cerity Partners LLC now owns 9,951 shares of the auto parts company’s stock worth $327,000 after buying an additional 320 shares during the last quarter. Deutsche Bank AG raised its stake in Cooper-Standard by 1.0% during the fourth quarter. Deutsche Bank AG now owns 52,625 shares of the auto parts company’s stock worth $1,728,000 after buying an additional 544 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings 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 period. Institutional investors own 69.11% of the company’s stock.

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.