Cooper-Standard (NYSE:CPS) Cut to “Hold” at Wall Street Zen

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

Several other research firms also recently issued reports on CPS. Stifel Nicolaus boosted their price target on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. 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 cut shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Finally, Citigroup increased their target price on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research report on Wednesday. One investment 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.33.

Cooper-Standard Stock Performance

NYSE CPS opened at $39.41 on Friday. The stock has a market cap of $695.26 million, a PE ratio of -164.23 and a beta of 1.94. The firm has a 50-day moving average of $34.19 and a 200-day moving average of $33.63. Cooper-Standard has a 52-week low of $10.38 and a 52-week high of $47.98.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Friday, February 13th. 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 for the quarter, compared to analysts’ expectations of $641.51 million.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPS. Empowered Funds LLC raised its position in Cooper-Standard by 8.8% during the fourth quarter. Empowered Funds LLC now owns 164,165 shares of the auto parts company’s stock valued at $5,390,000 after purchasing an additional 13,233 shares in the last quarter. Millennium Management LLC boosted its stake in Cooper-Standard by 128.3% in the fourth quarter. Millennium Management LLC now owns 50,941 shares of the auto parts company’s stock valued at $1,672,000 after buying an additional 28,626 shares in the last quarter. Inspire Investing LLC grew its position in Cooper-Standard by 17.2% in the fourth quarter. Inspire Investing LLC now owns 14,271 shares of the auto parts company’s stock valued at $469,000 after acquiring an additional 2,095 shares during the last quarter. EVR Research LP raised its stake in Cooper-Standard by 114.3% during the fourth quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock worth $12,311,000 after acquiring an additional 200,000 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Cooper-Standard by 76.8% during the fourth quarter. AQR Capital Management LLC now owns 157,323 shares of the auto parts company’s stock worth $5,165,000 after acquiring an additional 68,343 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

About Cooper-Standard

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.