Cooper-Standard (NYSE:CPS) Hits New 1-Year High - Still a Buy?

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)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.79 and last traded at $38.55, with a volume of 182734 shares traded. The stock had previously closed at $39.05.

Analysts Set New Price Targets

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

Cooper-Standard Price Performance

The company's 50 day moving average price is $29.20 and its 200 day moving average price is $21.99. The firm has a market cap of $669.00 million, a PE ratio of 23.42 and a beta of 2.72.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company's stock valued at $39,000 after purchasing an additional 682 shares during the period. Geode Capital Management LLC raised its holdings in Cooper-Standard by 0.3% in the second quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company's stock valued at $8,702,000 after acquiring an additional 1,298 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Cooper-Standard by 136.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company's stock valued at $53,000 after acquiring an additional 1,432 shares in the last quarter. Northern Trust Corp raised its holdings in Cooper-Standard by 1.3% in the fourth quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company's stock valued at $1,961,000 after acquiring an additional 1,925 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Cooper-Standard by 86.9% in the first quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock valued at $67,000 after acquiring an additional 2,046 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

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.