Stifel Nicolaus Issues Pessimistic Forecast for Cooper-Standard (NYSE:CPS) Stock Price

Key Points

• Stifel Nicolaus cut Cooper-Standard’s price target from $53 to $32 but maintained a “buy” rating, implying approximately 52.78% upside from the stock’s $20.95 price.
• Analyst sentiment is mixed: Cooper-Standard has an average “hold” rating and a consensus price target of $37.83, based on one buy, two hold, and one sell rating.
• The company recently reported an adjusted loss of $0.13 per share, missing expectations of $0.54 in earnings, despite revenue of $721.35 million exceeding estimates; institutional investors own 69.11% of its stock.

Cooper-Standard (NYSE:CPS - Get Free Report) had its target price lowered by stock analysts at Stifel Nicolaus from $53.00 to $32.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the auto parts company's stock. Stifel Nicolaus' target price would suggest a potential upside of 52.78% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research raised shares of Cooper-Standard from a "strong sell" rating to a "hold" rating in a report on Thursday, September 17th. Weiss Ratings downgraded Cooper-Standard from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, August 31st. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.83.

Cooper-Standard Stock Performance

Shares of CPS stock opened at $20.95 on Monday. The firm has a market cap of $372.19 million, a price-to-earnings ratio of -6.67 and a beta of 2.05. Cooper-Standard has a 52 week low of $20.25 and a 52 week high of $47.98. The firm's 50-day simple moving average is $24.39 and its two-hundred day simple moving average is $27.46.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its earnings results on Thursday, August 6th. The auto parts company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.67). The business had revenue of $721.35 million for the quarter, compared to analysts' expectations of $708.90 million. Analysts forecast that Cooper-Standard will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Cooper-Standard during the 2nd quarter valued at approximately $41,004,000. Fiduciary Alliance LLC grew its stake in Cooper-Standard by 0.5% in the 1st quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company's stock valued at $15,376,000 after buying an additional 2,598 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Cooper-Standard by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company's stock valued at $11,376,000 after buying an additional 23,620 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Cooper-Standard by 15.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company's stock valued at $8,662,000 after acquiring an additional 41,797 shares during the period. Finally, Empowered Funds LLC bought a new stake in Cooper-Standard during the 2nd quarter valued at $3,867,000. Institutional investors own 69.11% of the company's stock.

About Cooper-Standard

Cooper-Standard Holdings Inc is a global automotive supplier that develops and manufactures systems and components designed to support vehicle performance, comfort, safety and durability. The company serves original equipment manufacturers (OEMs) and other customers across the automotive industry.

Its primary product areas include sealing systems, fluid-handling systems and anti-vibration systems. These products include door and window seals, body sealing components, fuel and brake lines, fluid-transfer assemblies, hoses, and components that help reduce noise, vibration and harshness in vehicles.

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