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

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

Cooper-Standard Stock Performance

Shares of CPS stock opened at $16.06 on Tuesday. The company has a market capitalization of $278.06 million, a P/E ratio of -1.62 and a beta of 2.74. Cooper-Standard has a 52 week low of $11.24 and a 52 week high of $20.82. The company’s 50 day moving average price is $13.80 and its two-hundred day moving average price is $13.75.

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

Institutional Investors Weigh In On Cooper-Standard

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Cooper-Standard by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock worth $14,990,000 after acquiring an additional 33,598 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Cooper-Standard by 21.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 314,690 shares of the auto parts company’s stock worth $4,365,000 after buying an additional 55,605 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cooper-Standard by 12.2% in the second quarter. Renaissance Technologies LLC now owns 216,800 shares of the auto parts company’s stock worth $2,697,000 after acquiring an additional 23,600 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Cooper-Standard by 5.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 122,860 shares of the auto parts company’s stock valued at $2,035,000 after purchasing an additional 6,236 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Cooper-Standard by 18.3% during the 2nd quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock valued at $1,488,000 after acquiring an additional 18,478 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

About Cooper-Standard

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.