Cooper-Standard (NYSE:CPS) Upgraded by Wall Street Zen to “Buy” Rating

Cooper-Standard (NYSE:CPS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also weighed in on CPS. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Stifel Nicolaus raised their target price 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. Weiss Ratings cut Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Finally, Citigroup boosted their target price on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a report on Wednesday, February 18th. 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 MarketBeat, Cooper-Standard has a consensus rating of “Hold” and a consensus target price of $43.33.

Cooper-Standard Stock Down 1.9%

CPS opened at $28.22 on Friday. The business’s fifty day simple moving average is $34.20 and its 200 day simple moving average is $34.00. Cooper-Standard has a 52 week low of $10.38 and a 52 week high of $47.98. The stock has a market cap of $497.82 million, a PE ratio of -117.59 and a beta of 1.88.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78). The firm had revenue of $672.37 million during the quarter, compared to analysts’ expectations of $641.51 million.

Insiders Place Their Bets

In other Cooper-Standard news, Director David John Mastrocola purchased 3,391 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $100,950.07. Following the purchase, the director directly owned 25,000 shares of the company’s stock, valued at $744,250. The trade was a 15.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 6,885 shares of company stock valued at $208,144 in the last 90 days. 8.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cooper-Standard

A number of institutional investors have recently bought and sold shares of CPS. Empowered Funds LLC grew its holdings 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 during the period. Millennium Management LLC lifted its position in shares of Cooper-Standard by 128.3% during the 4th 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 stake in shares of Cooper-Standard by 17.2% during the 4th 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 period. EVR Research LP increased its holdings in Cooper-Standard by 114.3% in the 4th 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 4th 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 during the period. 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.