Cooper-Standard (NYSE:CPS) Posts Earnings Results

Cooper-Standard (NYSE:CPSGet Free Report) issued its quarterly earnings results on Thursday. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78), Zacks reports. The firm had revenue of $672.37 million during the quarter, compared to analysts’ expectations of $641.51 million.

Cooper-Standard Trading Up 32.1%

Cooper-Standard stock traded up $10.96 during trading on Friday, hitting $45.11. The company had a trading volume of 1,147,526 shares, compared to its average volume of 158,078. The stock has a market cap of $795.72 million, a price-to-earnings ratio of -187.95 and a beta of 1.94. Cooper-Standard has a 1-year low of $10.38 and a 1-year high of $47.77. The company’s 50 day simple moving average is $33.19 and its 200-day simple moving average is $32.99.

Key Cooper-Standard News

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

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors grew its position in Cooper-Standard by 0.5% in the 4th quarter. Arkadios Wealth Advisors now owns 50,748 shares of the auto parts company’s stock valued at $1,666,000 after acquiring an additional 231 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Cooper-Standard by 4.8% in the fourth quarter. Intech Investment Management LLC now owns 6,810 shares of the auto parts company’s stock valued at $224,000 after purchasing an additional 312 shares during the period. Cerity Partners LLC grew its holdings in shares of Cooper-Standard by 3.3% in the fourth quarter. Cerity Partners LLC now owns 9,951 shares of the auto parts company’s stock valued at $327,000 after purchasing an additional 320 shares in the last quarter. Deutsche Bank AG increased its stake in Cooper-Standard by 1.0% during the 4th quarter. Deutsche Bank AG now owns 52,625 shares of the auto parts company’s stock worth $1,728,000 after buying an additional 544 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

CPS has been the subject of a number of research reports. Citigroup upped their target price on shares of Cooper-Standard from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. Weiss Ratings cut shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Stifel Nicolaus lifted their price objective on Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.00.

Check Out Our Latest Stock Analysis on CPS

About Cooper-Standard

(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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Earnings History for Cooper-Standard (NYSE:CPS)

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