Cooper-Standard (NYSE:CPS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.
Separately, Citigroup initiated coverage on Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective for the company.
Read Our Latest Research Report on CPS
Cooper-Standard Price Performance
Shares of NYSE CPS traded up $0.35 during midday trading on Friday, reaching $20.23. 204,753 shares of the company traded hands, compared to its average volume of 220,280. The company has a market cap of $355.00 million, a price-to-earnings ratio of -7.66 and a beta of 2.86. The stock has a 50-day moving average price of $20.28 and a 200 day moving average price of $16.56. Cooper-Standard has a 52 week low of $10.38 and a 52 week high of $26.73.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million during the quarter, compared to the consensus estimate of $670.00 million.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Cooper-Standard during the fourth quarter worth $2,522,000. Millennium Management LLC increased its position in shares of Cooper-Standard by 449.7% in the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock worth $2,221,000 after acquiring an additional 134,008 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Cooper-Standard by 11.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock valued at $4,607,000 after acquiring an additional 33,631 shares in the last quarter. Marshall Wace LLP acquired a new position in Cooper-Standard in the 4th quarter worth approximately $456,000. Finally, Ameriprise Financial Inc. purchased a new position in Cooper-Standard during the 4th quarter worth approximately $239,000. Institutional investors and hedge funds own 69.11% of the company's stock.
Cooper-Standard Company Profile
(
Get Free Report)
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.
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