Weiss Ratings Reiterates "Hold (C)" Rating for Cooper-Standard (NYSE:CPS)

Key Points

• Weiss Ratings has reiterated its "Hold (C)" rating for Cooper-Standard (NYSE:CPS), reflecting mixed analyst sentiment towards the stock.
• Cooper-Standard's stock recently traded down 1.6% to $33.50, with a market capitalization of approximately $590.61 million.
• The company's latest earnings report showed earnings per share of $0.06, surpassing expectations, and has led to varying ratings from analysts ranging from "Buy" to "Hold."

Cooper-Standard (NYSE:CPS - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus started coverage on shares of Cooper-Standard in a research note on Thursday, August 21st. They set a "buy" rating and a $39.00 price objective for the company. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Finally, Zacks Research raised shares of Cooper-Standard to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Cooper-Standard currently has a consensus rating of "Hold" and a consensus price target of $25.50.

Cooper-Standard Stock Down 1.6%

NYSE:CPS traded down $0.56 during midday trading on Wednesday, hitting $33.50. The company had a trading volume of 133,022 shares, compared to its average volume of 167,651. Cooper-Standard has a 52-week low of $10.38 and a 52-week high of $40.67. The stock's fifty day moving average price is $33.97 and its 200-day moving average price is $24.80. The company has a market capitalization of $590.61 million, a PE ratio of 20.68 and a beta of 2.63.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Thursday, July 31st. The auto parts company reported $0.06 earnings per share (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 Investors Weigh In On Cooper-Standard

Institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Cooper-Standard during the first quarter valued at approximately $938,000. Walleye Capital LLC purchased a new stake in shares of Cooper-Standard during the first quarter valued at approximately $1,093,000. Algert Global LLC purchased a new stake in shares of Cooper-Standard during the first quarter valued at approximately $257,000. Nisa Investment Advisors LLC grew its holdings in shares of 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 valued at $40,000 after buying an additional 2,593 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Cooper-Standard by 21.9% during 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 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.

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.