Cooper-Standard (NYSE:CPS – Free Report) had its price objective decreased by Stifel Nicolaus from $53.00 to $32.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. Stifel Nicolaus currently has a buy rating on the auto parts company’s stock.
A number of other brokerages have also recently issued reports on CPS. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Thursday, September 17th. Weiss Ratings lowered Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.83.
Read Our Latest Stock Report on CPS
Cooper-Standard Trading Down 2.2%
Shares of Cooper-Standard stock opened at $20.38 on Monday. Cooper-Standard has a 12-month low of $19.73 and a 12-month high of $47.98. The company has a 50-day simple moving average of $24.22 and a 200 day simple moving average of $27.41.
Cooper-Standard (NYSE:CPS – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The auto parts company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.67). The business had revenue of $721.35 million during the quarter, compared to analysts’ expectations of $708.90 million. On average, analysts predict that Cooper-Standard will post 2.71 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CPS. Legal & General Group Plc acquired a new position in Cooper-Standard in the 2nd quarter valued at about $47,000. State of Wyoming bought a new stake in shares of Cooper-Standard during the second quarter worth approximately $127,000. Hsbc Holdings PLC bought a new stake in shares of Cooper-Standard during the second quarter worth approximately $205,000. Clear Harbor Asset Management LLC bought a new stake in shares of Cooper-Standard during the second quarter worth approximately $253,000. Finally, Quantinno Capital Management LP grew its position in shares of Cooper-Standard by 53.4% in the first quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock valued at $342,000 after purchasing an additional 4,275 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.
Cooper-Standard Company Profile
Cooper-Standard Holdings Inc is a global automotive supplier that develops and manufactures systems and components designed to support vehicle performance, comfort, safety and durability. The company serves original equipment manufacturers (OEMs) and other customers across the automotive industry.
Its primary product areas include sealing systems, fluid-handling systems and anti-vibration systems. These products include door and window seals, body sealing components, fuel and brake lines, fluid-transfer assemblies, hoses, and components that help reduce noise, vibration and harshness in vehicles.
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