Cooper-Standard's (CPS) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Cooper-Standard's stock received a "hold (C)" rating reaffirmed by Weiss Ratings, with a consensus rating of "Moderate Buy" and an average target price of $26.50.
• The company's shares traded up by 2.4% to $38.49, with a market cap of $678.49 million and a significant price-to-earnings ratio of 23.76.
• Recently, hedge fund activity increased, with several institutional investors enhancing their stakes, representing 69.11% of the company's ownership.

Cooper-Standard (NYSE:CPS - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

A number of other brokerages have also commented on CPS. 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. Zacks Research upgraded Cooper-Standard from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Stifel Nicolaus lifted their target price on Cooper-Standard from $39.00 to $41.00 and gave the company a "buy" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.50.

Cooper-Standard Trading Up 2.4%

Shares of CPS traded up $0.89 during trading hours on Friday, reaching $38.49. 124,720 shares of the company traded hands, compared to its average volume of 171,350. The stock's fifty day moving average price is $35.91 and its 200 day moving average price is $26.39. The firm has a market cap of $678.49 million, a price-to-earnings ratio of 23.76 and a beta of 2.63. Cooper-Standard has a 12-month low of $10.38 and a 12-month high of $40.67.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $705.97 million during the quarter, compared to analysts' expectations of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Trading of Cooper-Standard

A number of hedge funds have recently bought and sold shares of CPS. Geneos Wealth Management Inc. boosted 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 acquiring an additional 682 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Cooper-Standard during the 3rd quarter worth $30,000. Harbor Capital Advisors Inc. boosted its position in Cooper-Standard by 43.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,827 shares of the auto parts company's stock valued at $141,000 after purchasing an additional 1,167 shares in the last quarter. Geode Capital Management LLC boosted its position in Cooper-Standard by 0.3% during the second quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company's stock valued at $8,702,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Cooper-Standard by 136.5% in 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 purchasing an additional 1,432 shares during 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.

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