Cooper-Standard (NYSE:CPS) Upgraded at Wall Street Zen

Cooper-Standard (NYSE:CPSGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also recently weighed in on CPS. Citigroup lifted their price objective on Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings downgraded shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. 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 research report on Tuesday, December 16th. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.00.

View Our Latest Stock Report on Cooper-Standard

Cooper-Standard Trading Up 32.1%

CPS opened at $45.11 on Friday. Cooper-Standard has a 1-year low of $10.38 and a 1-year high of $47.77. The company has a market capitalization of $795.72 million, a PE ratio of -187.95 and a beta of 1.94. The firm’s 50 day simple moving average is $33.19 and its two-hundred day simple moving average is $32.99.

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

Institutional Trading of Cooper-Standard

Several hedge funds have recently bought and sold shares of the stock. Great Hill Capital LLC bought a new position in Cooper-Standard during the third quarter valued at approximately $16,036,000. Arrowstreet Capital Limited Partnership increased its stake in Cooper-Standard by 336.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 274,642 shares of the auto parts company’s stock worth $10,143,000 after acquiring an additional 211,768 shares during the last quarter. Stifel Financial Corp increased its stake in Cooper-Standard by 255.3% in the 4th quarter. Stifel Financial Corp now owns 247,867 shares of the auto parts company’s stock worth $8,137,000 after acquiring an additional 178,102 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Cooper-Standard during the 2nd quarter worth approximately $3,798,000. Finally, EVR Research LP bought a new position in shares of Cooper-Standard during the 3rd quarter valued at approximately $6,463,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Key Headlines Impacting Cooper-Standard

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

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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