Cooper-Standard (NYSE:CPS) Stock Rating Upgraded by ValuEngine

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Cooper-Standard (NYSE:CPS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday, ValuEngine reports.

CPS has been the topic of several other research reports. Buckingham Research decreased their price target on shares of Cooper-Standard from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Goldman Sachs Group cut shares of Cooper-Standard from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $51.00 to $36.00 in a research note on Thursday, June 13th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Cooper-Standard has an average rating of “Hold” and an average target price of $48.00.

Cooper-Standard stock traded down $0.67 during mid-day trading on Tuesday, hitting $47.75. The stock had a trading volume of 6,390 shares, compared to its average volume of 195,663. The firm has a market capitalization of $778.35 million, a P/E ratio of 5.39 and a beta of 1.64. The company has a current ratio of 1.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $39.30 and its 200 day moving average is $46.70. Cooper-Standard has a one year low of $30.82 and a one year high of $133.16.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, August 1st. The auto parts company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.80). The firm had revenue of $764.81 million during the quarter, compared to the consensus estimate of $832.61 million. Cooper-Standard had a return on equity of 7.13% and a net margin of 4.47%. The company’s quarterly revenue was down 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.74 EPS. As a group, equities research analysts forecast that Cooper-Standard will post 3.48 earnings per share for the current year.

In related news, SVP William Pumphrey purchased 5,320 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were acquired at an average price of $39.00 per share, for a total transaction of $207,480.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Song Min Lee purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of $33.27 per share, for a total transaction of $99,810.00. Following the purchase, the senior vice president now owns 16,784 shares in the company, valued at $558,403.68. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,820 shares of company stock worth $326,235. Corporate insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System raised its position in shares of Cooper-Standard by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 25,278 shares of the auto parts company’s stock valued at $1,158,000 after buying an additional 263 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Cooper-Standard by 15.1% during the 1st quarter. Clearbridge Investments LLC now owns 162,458 shares of the auto parts company’s stock valued at $7,629,000 after buying an additional 21,312 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Cooper-Standard by 165.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock valued at $192,000 after buying an additional 2,552 shares in the last quarter. Aperio Group LLC raised its position in shares of Cooper-Standard by 96.6% during the 2nd quarter. Aperio Group LLC now owns 12,086 shares of the auto parts company’s stock valued at $554,000 after buying an additional 5,940 shares in the last quarter. Finally, First Mercantile Trust Co. raised its position in shares of Cooper-Standard by 13.6% during the 1st quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock valued at $106,000 after buying an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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Analyst Recommendations for Cooper-Standard (NYSE:CPS)

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