Cooper-Standard (NYSE:CPS) Hits New 12-Month High - Here's What Happened

Key Points

• Cooper-Standard Holdings Inc. shares reached a new 52-week high of $39.79 and last traded at $38.55 with a trading volume of 182,734 shares.
• The company recently reported a quarterly earnings beat, posting $0.06 earnings per share compared to an estimated loss of ($0.06) and generating revenues of $705.97 million.
• Wall Street analysts have upgraded Cooper-Standard's rating, with one firm raising it to a "strong-buy" and setting a target price of $39.00, while the current consensus rating remains a "hold."

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $39.79 and last traded at $38.55, with a volume of 182734 shares. The stock had previously closed at $39.05.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Zacks Research raised Cooper-Standard to a "hold" rating in a research note on Friday, August 22nd. Finally, Stifel Nicolaus started coverage on Cooper-Standard in a research note on Thursday, August 21st. They set a "buy" rating and a $39.00 target price for the company. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.50.

Cooper-Standard Stock Up 0.2%

The company has a 50 day moving average price of $27.65 and a 200-day moving average price of $21.26. The company has a market cap of $678.21 million, a price-to-earnings ratio of 23.80 and a beta of 2.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The firm had revenue of $705.97 million during the quarter, compared to analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently modified their holdings of CPS. Northern Trust Corp boosted its holdings in shares of Cooper-Standard by 1.3% during the 4th quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company's stock worth $1,961,000 after buying an additional 1,925 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Cooper-Standard by 105.8% during the 4th quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company's stock worth $1,548,000 after buying an additional 58,691 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Cooper-Standard during the 4th quarter worth approximately $239,000. Bank of America Corp DE boosted its holdings in shares of Cooper-Standard by 15.2% during the 4th quarter. Bank of America Corp DE now owns 34,060 shares of the auto parts company's stock worth $462,000 after buying an additional 4,506 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Cooper-Standard by 2.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 33,300 shares of the auto parts company's stock worth $452,000 after purchasing an additional 800 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.

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