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

Wall Street Zen cut shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a research note released on Sunday morning.

Other research analysts have also recently issued reports about the company. Citigroup lifted their price objective on Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a report on Wednesday, February 18th. 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 raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Stifel Nicolaus boosted their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. 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.com, the stock currently has an average rating of “Hold” and an average target price of $43.33.

Cooper-Standard Trading Up 5.5%

NYSE CPS opened at $27.91 on Friday. Cooper-Standard has a 1-year low of $10.38 and a 1-year high of $47.98. The company has a market capitalization of $492.40 million, a price-to-earnings ratio of -116.31 and a beta of 1.88. The stock’s 50 day moving average is $33.76 and its two-hundred day moving average is $33.47.

Cooper-Standard (NYSE:CPS) last issued its earnings results 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 analyst estimates of $641.51 million.

Insider Buying and Selling at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola purchased 3,391 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $29.77 per share, with a total value of $100,950.07. Following the completion of the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at $744,250. This represents a 15.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 6,885 shares of company stock valued at $208,144 in the last three months. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Cooper-Standard

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of Cooper-Standard during the third quarter worth approximately $30,000. Geneos Wealth Management Inc. raised its position in 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 worth $39,000 after purchasing an additional 682 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 1,432 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Cooper-Standard during the 3rd quarter worth $57,000. Finally, Abound Wealth Management bought a new position in Cooper-Standard in the 3rd quarter valued at $116,000. 69.11% of the stock is owned by institutional investors.

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.