Cooper-Standard (NYSE:CPS) Hits New 1-Year High - What's Next?

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) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.25 and last traded at $35.21, with a volume of 147806 shares trading hands. The stock had previously closed at $34.10.

Wall Street Analysts Forecast Growth

CPS has been the topic of a number of recent research reports. Wall Street Zen raised Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus initiated coverage on Cooper-Standard in a research report on Thursday, August 21st. They set a "buy" rating and a $39.00 price target on the stock. Finally, Zacks Research raised Cooper-Standard to a "hold" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $25.50.

Cooper-Standard Stock Performance

The stock's 50-day moving average price is $25.91 and its two-hundred day moving average price is $20.44. The stock has a market capitalization of $647.20 million, a PE ratio of 22.66 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, topping the consensus estimate of ($0.06) by $0.12. The business had revenue of $705.97 million for the quarter, compared to the consensus estimate of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Cooper-Standard

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its position in Cooper-Standard by 60.8% during the 2nd 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 last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Cooper-Standard by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 33,300 shares of the auto parts company's stock worth $452,000 after buying an additional 800 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 worth $8,702,000 after buying an additional 1,298 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Cooper-Standard by 136.5% during 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 buying an additional 1,432 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Cooper-Standard by 1.3% during 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. 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.