Cooper-Standard (NYSE:CPS) Trading 7.7% Higher – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPS)’s share price shot up 7.7% during trading on Wednesday . The stock traded as high as $31.40 and last traded at $31.2550. 131,668 shares were traded during trading, a decline of 51% from the average session volume of 270,072 shares. The stock had previously closed at $29.02.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of Cooper-Standard in a report on Wednesday, October 8th. Stifel Nicolaus upped their price objective on shares of Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Zacks Research cut shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cooper-Standard presently has an average rating of “Hold” and a consensus target price of $26.50.

Cooper-Standard Stock Up 8.5%

The stock has a market cap of $555.23 million, a PE ratio of 19.43 and a beta of 2.69. The business’s 50-day simple moving average is $35.42 and its 200-day simple moving average is $28.32.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, October 30th. The auto parts company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.74). The company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $698.83 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CPS. State of Alaska Department of Revenue bought a new stake in shares of Cooper-Standard during the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its holdings in Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares during the period. Nisa Investment Advisors LLC boosted its position in Cooper-Standard by 11,273.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 2,593 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 1,432 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $57,000. 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.