Cooper-Standard (NYSE:CPS) Downgraded by Wall Street Zen to “Hold”

by · The Cerbat Gem

Wall Street Zen lowered shares of Cooper-Standard (NYSE:CPS – Free Report) from a buy rating to a hold rating in a report issued on Sunday.

Several other equities analysts also recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Cooper-Standard in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Stifel Nicolaus lifted their price target on Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.50.

Check Out Our Latest Stock Report on Cooper-Standard

Cooper-Standard Price Performance

CPS stock traded down $0.33 during midday trading on Friday, hitting $28.91. The stock had a trading volume of 188,254 shares, compared to its average volume of 271,427. Cooper-Standard has a 52-week low of $10.38 and a 52-week high of $40.67. The firm has a market cap of $509.87 million, a price-to-earnings ratio of 17.85 and a beta of 2.69. The business has a 50-day moving average of $35.76 and a two-hundred day moving average of $28.11.

Cooper-Standard (NYSE:CPS – Get Free Report) last posted its earnings results on Thursday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The business had revenue of $695.50 million for the quarter, compared to analyst estimates of $698.83 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Cooper-Standard

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Cooper-Standard by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 976,604 shares of the auto parts company’s stock worth $36,066,000 after purchasing an additional 29,800 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Cooper-Standard by 173.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,564 shares of the auto parts company’s stock worth $1,646,000 after purchasing an additional 28,264 shares during the last quarter. Truefg LLC acquired a new position in shares of Cooper-Standard during the third quarter worth approximately $277,000. Principal Financial Group Inc. acquired a new position in Cooper-Standard during the 3rd quarter valued at about $669,000. Finally, AlphaQuest LLC lifted its position in Cooper-Standard by 593.3% in the third quarter. AlphaQuest LLC now owns 3,307 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 2,830 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

About Cooper-Standard

(Get Free Report)

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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