Cooper-Standard (NYSE:CPS) Sets New 12-Month High - Here's What Happened

Key Points

• Cooper-Standard's stock reached a new **52-week high** of $40.07, trading at $39.43 with a volume of 52,761 shares.
• The company has recently seen positive ratings updates from analysts, with **Wall Street Zen** upgrading it to a "strong-buy" rating and a consensus rating of "hold" from multiple firms.
• Cooper-Standard reported a **Q2 EPS of $0.06**, surpassing the consensus estimate and achieved revenues of $705.97 million, exceeding projections of $687.00 million.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.07 and last traded at $39.43, with a volume of 52761 shares. The stock had previously closed at $39.16.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPS. Zacks Research raised Cooper-Standard to a "hold" rating in a report on Friday, August 22nd. Wall Street Zen raised Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus began coverage on Cooper-Standard in a report on Thursday, August 21st. They issued a "buy" rating and a $39.00 price target on the stock. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.50.

Cooper-Standard Stock Performance

The firm's 50 day moving average is $30.68 and its 200-day moving average is $22.87. The firm has a market cap of $666.06 million, a price-to-earnings ratio of 23.32 and a beta of 2.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 earnings per share (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 analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Cooper-Standard

A number of hedge funds have recently bought and sold shares of CPS. Nuveen LLC acquired a new position in Cooper-Standard during the 1st quarter valued at $938,000. Millennium Management LLC raised its position in shares of Cooper-Standard by 449.7% during the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after buying an additional 134,008 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Cooper-Standard during the fourth quarter valued at about $239,000. Walleye Capital LLC acquired a new position in shares of Cooper-Standard during the first quarter valued at about $1,093,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Cooper-Standard during the fourth quarter valued at about $263,000. 69.11% of the stock is currently owned by 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.