Cooper-Standard Holdings Inc. (NYSE:CPS) Stock Rated “Hold” by Sell-Side Brokerages

Cooper-Standard Holdings Inc. (NYSE:CPS – Get Free Report) has received an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of equities research analysts recently issued reports on CPS shares. Weiss Ratings upgraded Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Stifel Nicolaus dropped their price objective on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Freedom Broker cut their target price on shares of Cooper-Standard from $45.00 to $27.00 and set a “buy” rating for the company in a research report on Monday. Zacks Research downgraded shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Finally, Citigroup lowered their price target on shares of Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday.

View Our Latest Research Report on Cooper-Standard

Institutional Trading of Cooper-Standard

A number of hedge funds and other institutional investors have recently made changes to their positions in CPS. BlackRock Inc. purchased a new position in Cooper-Standard during the second quarter valued at approximately $41,004,000. Empowered Funds LLC bought a new stake in Cooper-Standard during the 2nd quarter worth approximately $3,867,000. Bank of New York Mellon Corp bought a new stake in Cooper-Standard during the 2nd quarter worth approximately $2,860,000. Canada Pension Plan Investment Board purchased a new stake in Cooper-Standard in the 2nd quarter worth approximately $2,121,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Cooper-Standard by 15.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock worth $8,662,000 after purchasing an additional 41,797 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

Cooper-Standard Stock Performance

NYSE:CPS traded up $0.77 during trading hours on Monday, reaching $18.70. The stock had a trading volume of 351,667 shares, compared to its average volume of 222,508. The stock has a 50 day simple moving average of $22.22 and a 200 day simple moving average of $28.39. Cooper-Standard has a 12-month low of $16.91 and a 12-month high of $47.98. The stock has a market cap of $332.37 million, a P/E ratio of -4.87 and a beta of 2.03.

Cooper-Standard (NYSE:CPS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.85). The firm had revenue of $708.59 million during the quarter, compared to analysts’ expectations of $704.13 million. On average, equities analysts expect that Cooper-Standard will post 0.71 earnings per share for the current fiscal year.

About Cooper-Standard

(Get Free Report)

Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.

Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.

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Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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