Wall Street Zen Upgrades Cooper-Standard (NYSE:CPS) to Strong-Buy

Key Points

• Cooper-Standard has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating increased investor confidence in the stock.
• Citigroup has initiated coverage on Cooper-Standard with a "neutral" rating and a $12.00 price objective.
• Cooper-Standard reported earnings of $0.19 per share, significantly exceeding analysts' expectations of a loss, demonstrating a positive financial trend.

Wall Street Zen upgraded shares of Cooper-Standard (NYSE:CPS - Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday.

Separately, Citigroup assumed coverage on shares of Cooper-Standard in a report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price objective on the stock.

Cooper-Standard Stock Performance

NYSE CPS traded up $0.74 during trading on Friday, reaching $24.30. The company's stock had a trading volume of 86,898 shares, compared to its average volume of 158,566. The firm has a market cap of $426.43 million, a price-to-earnings ratio of -9.20 and a beta of 2.79. Cooper-Standard has a twelve month low of $10.38 and a twelve month high of $26.73. The business's fifty day moving average price is $22.53 and its 200-day moving average price is $17.99.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.93) by $1.12. The business had revenue of $667.07 million during the quarter, compared to analyst estimates of $670.00 million.

Hedge Funds Weigh In On Cooper-Standard

Several institutional investors and hedge funds have recently modified their holdings of CPS. Nisa Investment Advisors LLC increased its stake in Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock worth $40,000 after acquiring an additional 2,593 shares during the last quarter. Quantbot Technologies LP bought a new stake in Cooper-Standard during the fourth quarter valued at $48,000. National Bank of Canada FI acquired a new stake in shares of Cooper-Standard during the fourth quarter worth $54,000. US Bancorp DE increased its stake in shares of 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 purchasing an additional 2,046 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Cooper-Standard during the 1st quarter worth about $74,000. 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.