Cooper-Standard (NYSE:CPS) Stock Gets Price Target Trim from Freedom Broker

Cooper-Standard (NYSE:CPS) had its price objective decreased by Freedom Broker from $45.00 to $27.00 in a research note issued to investors on Monday morning,Benzinga reports. Freedom Broker currently has a buy rating on the auto parts company’s stock.

Other research analysts have also issued reports about the company. Citigroup cut their target price on Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday. Zacks Research downgraded Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Stifel Nicolaus reduced their price objective on Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings upgraded Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cooper-Standard has an average rating of “Hold” and a consensus target price of $25.00.

Cooper-Standard Stock Performance

Cooper-Standard stock opened at $18.95 on Monday. Cooper-Standard has a 1 year low of $16.91 and a 1 year high of $47.98. The firm has a 50 day moving average price of $21.79 and a 200 day moving average price of $28.20.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.85). The business had revenue of $708.59 million for the quarter, compared to the consensus estimate of $704.13 million. Equities research analysts expect that Cooper-Standard will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds and other institutional investors have recently bought and sold shares of CPS. Russell Investments Group Ltd. boosted its holdings in Cooper-Standard by 154.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 55,471 shares of the auto parts company’s stock worth $1,156,000 after acquiring an additional 33,664 shares during the period. Tectonic Advisors LLC grew its position in Cooper-Standard by 28.6% in the third quarter. Tectonic Advisors LLC now owns 49,957 shares of the auto parts company’s stock valued at $1,041,000 after acquiring an additional 11,104 shares in the last quarter. Great Hill Capital LLC grew its position in Cooper-Standard by 1.0% in the third quarter. Great Hill Capital LLC now owns 333,080 shares of the auto parts company’s stock valued at $6,941,000 after acquiring an additional 3,342 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Cooper-Standard by 5.8% during the second quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock valued at $1,953,000 after purchasing an additional 3,942 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Cooper-Standard during the second quarter valued at approximately $205,000. 69.11% of the stock is owned by institutional investors and hedge funds.

About Cooper-Standard

Cooper-Standard Holdings Inc. is a global supplier of systems and components for the automotive industry. Its products are designed for use in passenger vehicles and commercial vehicles, and the company serves automakers and other transportation customers. The company’s main businesses are sealing systems and fluid-handling systems. Sealing products help protect vehicle interiors and manage noise, vibration and harshness, while fluid-handling products—including hoses and tubing—support vehicle systems such as braking, fuel delivery, heating and cooling.