Cooper-Standard (NYSE:CPS) Hits New 52-Week High - Time to Buy?

Key Points

• Cooper-Standard shares reached a new 52-week high of $35.25 during trading, closing at $35.21, reflecting increased investor interest and confidence.
• Analysts have upgraded Cooper-Standard's stock rating, with Wall Street Zen changing it to "strong-buy" and estimates suggesting a target price of $39.00.
• Institutional investors have significantly increased their stakes in Cooper-Standard, indicating a 69.11% ownership by institutional investors, which highlights strong market confidence.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.25 and last traded at $35.21, with a volume of 147806 shares traded. The stock had previously closed at $34.10.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research upgraded Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Stifel Nicolaus initiated coverage on Cooper-Standard in a research report on Thursday, August 21st. They set a "buy" rating and a $39.00 target price for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.50.

Cooper-Standard Stock Up 1.6%

The stock has a market cap of $647.31 million, a PE ratio of 22.66 and a beta of 2.92. The firm has a 50 day moving average price of $25.91 and a 200 day moving average price of $20.40.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $705.97 million for the quarter, compared to analysts' expectations of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Cooper-Standard

Several institutional investors have recently made changes to their positions in CPS. Barclays PLC increased its stake in shares of Cooper-Standard by 10.3% during the fourth quarter. Barclays PLC now owns 34,217 shares of the auto parts company's stock valued at $464,000 after buying an additional 3,204 shares during the period. Marshall Wace LLP purchased a new position in shares of Cooper-Standard during the fourth quarter valued at $456,000. Stifel Financial Corp grew its stake in Cooper-Standard by 26.6% in the fourth quarter. Stifel Financial Corp now owns 66,989 shares of the auto parts company's stock valued at $908,000 after purchasing an additional 14,080 shares during the last quarter. Aquatic Capital Management LLC grew its stake in Cooper-Standard by 336.4% in the fourth quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company's stock valued at $118,000 after purchasing an additional 6,728 shares during the last quarter. Finally, Northern Trust Corp grew its stake 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 purchasing an additional 1,925 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

About Cooper-Standard

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.