StockNews.com Upgrades Cooper-Standard (NYSE:CPS) to “Buy”

Cooper-Standard (NYSE:CPS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Cooper-Standard Stock Up 3.4 %

Shares of NYSE CPS traded up $0.50 on Tuesday, hitting $15.29. The company had a trading volume of 204,371 shares, compared to its average volume of 135,778. Cooper-Standard has a 12-month low of $11.24 and a 12-month high of $20.82. The business has a 50 day moving average of $13.79 and a two-hundred day moving average of $13.74. The firm has a market capitalization of $264.81 million, a P/E ratio of -1.54 and a beta of 2.74.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported ($0.68) EPS for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.50. The business had revenue of $685.35 million during the quarter.

Hedge Funds Weigh In On Cooper-Standard

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in shares of Cooper-Standard in the third quarter worth $33,000. Janney Montgomery Scott LLC bought a new position in Cooper-Standard during the first quarter valued at about $232,000. BNP Paribas Financial Markets grew its position in shares of Cooper-Standard by 19.6% in the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after purchasing an additional 3,004 shares during the last quarter. Rhumbline Advisers grew its position in shares of Cooper-Standard by 15.8% in the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock valued at $340,000 after purchasing an additional 3,723 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its position in shares of Cooper-Standard by 14.5% in the first quarter. Atomi Financial Group Inc. now owns 35,541 shares of the auto parts company’s stock valued at $589,000 after purchasing an additional 4,503 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Company Profile

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.