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

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 released on Saturday morning.

Separately, Citigroup initiated coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price objective for the company.

Cooper-Standard Trading Down 2.8%

Shares of NYSE:CPS traded down $0.71 during trading on Friday, reaching $24.75. The company's stock had a trading volume of 196,643 shares, compared to its average volume of 156,430. Cooper-Standard has a 12 month low of $10.38 and a 12 month high of $26.73. The stock has a market capitalization of $434.36 million, a PE ratio of -9.37 and a beta of 2.79. The firm's 50 day simple moving average is $22.60 and its two-hundred day simple moving average is $18.18.

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

Institutional Investors Weigh In On Cooper-Standard

Institutional investors have recently bought and sold shares of the stock. Fiduciary Alliance LLC grew its position in shares of Cooper-Standard by 15.2% during the second quarter. Fiduciary Alliance LLC now owns 484,741 shares of the auto parts company's stock worth $10,422,000 after acquiring an additional 64,105 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Cooper-Standard by 19.5% in the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock valued at $4,583,000 after acquiring an additional 55,100 shares during the last quarter. Millennium Management LLC lifted its holdings in Cooper-Standard by 89.9% in the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock valued at $4,765,000 after acquiring an additional 147,209 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Cooper-Standard by 24.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company's stock valued at $3,425,000 after buying an additional 43,979 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Cooper-Standard by 19.7% during the first quarter. Raymond James Financial Inc. now owns 222,716 shares of the auto parts company's stock valued at $3,412,000 after buying an additional 36,716 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other 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.