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

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

A number of other analysts have also weighed in on CPS. Citigroup raised their price target 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. Weiss Ratings lowered Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Stifel Nicolaus lifted their target price on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.33.

Cooper-Standard Stock Down 1.9%

Shares of NYSE:CPS opened at $28.22 on Friday. The firm has a market cap of $497.82 million, a P/E ratio of -117.59 and a beta of 1.88. Cooper-Standard has a 12 month low of $10.38 and a 12 month high of $47.98. The company’s 50-day moving average price is $34.20 and its two-hundred day moving average price is $33.94.

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

Insider Buying and Selling

In other Cooper-Standard news, Director David John Mastrocola bought 3,391 shares of the company’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of $29.77 per share, for a total transaction of $100,950.07. Following the transaction, the director owned 25,000 shares of the company’s stock, valued at approximately $744,250. The trade was a 15.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have acquired 6,885 shares of company stock worth $208,144. 8.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cooper-Standard

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in Cooper-Standard during the third quarter worth about $30,000. Geneos Wealth Management Inc. raised its position in shares of Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 682 shares during the period. Tower Research Capital LLC TRC boosted its stake in Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 1,432 shares during the last quarter. New York State Teachers Retirement System acquired a new position in Cooper-Standard during the third quarter valued at approximately $57,000. Finally, Abound Wealth Management acquired a new position in Cooper-Standard during the third quarter valued at approximately $116,000. Institutional investors own 69.11% of the company’s stock.

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.