Cooper-Standard (NYSE:CPS) Upgraded by Wall Street Zen to "Strong-Buy" Rating

Cooper-Standard (NYSE:CPS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

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

Cooper-Standard Stock Down 2.5%

Shares of NYSE CPS opened at $20.45 on Friday. The business's 50 day moving average price is $20.13 and its two-hundred day moving average price is $16.49. The company has a market cap of $358.84 million, a PE ratio of -7.75 and a beta of 2.87. Cooper-Standard has a twelve month low of $10.38 and a twelve month high of $26.73.

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

Institutional Investors Weigh In On Cooper-Standard

Several institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its stake in shares of Cooper-Standard by 41.4% in the first quarter. Voya Investment Management LLC now owns 26,477 shares of the auto parts company's stock valued at $406,000 after buying an additional 7,753 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Cooper-Standard by 21.9% in the first quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company's stock valued at $3,286,000 after buying an additional 38,489 shares during the period. Millennium Management LLC lifted its stake in Cooper-Standard by 89.9% during the first quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock worth $4,765,000 after purchasing 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 worth $3,425,000 after purchasing an additional 43,979 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Cooper-Standard by 1,345.8% during the first quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company's stock worth $2,321,000 after purchasing an additional 141,049 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

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.

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