Cooper-Standard (NYSE:CPS) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Cooper-Standard has been upgraded to a Strong-Buy rating by Zacks Research, indicating increased confidence in the stock's performance.
• Stifel Nicolaus also raised their price target for Cooper-Standard shares from $39.00 to $41.00 and maintained a "buy" rating.
• Institutional investors hold 69.11% of Cooper-Standard's stock, reflecting strong institutional interest in the company.

Cooper-Standard (NYSE:CPS - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms have also recently commented on CPS. Stifel Nicolaus lifted their price objective on shares of Cooper-Standard from $39.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cooper-Standard in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Cooper-Standard presently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

Cooper-Standard Trading Up 5.8%

Shares of CPS opened at $37.43 on Monday. The company has a market cap of $660.06 million, a price-to-earnings ratio of 23.11 and a beta of 2.63. Cooper-Standard has a 1-year low of $10.38 and a 1-year high of $40.67. The company's fifty day simple moving average is $35.38 and its 200 day simple moving average is $25.95.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Thursday, July 31st. The auto parts company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.12. The firm had revenue of $705.97 million for 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

Several institutional investors and hedge funds have recently bought and sold shares of CPS. Nisa Investment Advisors LLC lifted its position in Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock worth $40,000 after purchasing an additional 2,593 shares during the period. Cerity Partners LLC bought a new stake in Cooper-Standard during the first quarter worth about $155,000. CWM LLC raised its stake in Cooper-Standard by 391.9% during the first quarter. CWM LLC now owns 7,457 shares of the auto parts company's stock worth $114,000 after acquiring an additional 5,941 shares in the last quarter. Cetera Investment Advisers acquired a new position in Cooper-Standard during the first quarter worth about $158,000. Finally, GSA Capital Partners LLP raised its stake in Cooper-Standard by 89.0% during the first quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company's stock worth $1,934,000 after acquiring an additional 59,433 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.