Cooper-Standard (NYSE:CPS) Stock Gets Price Target Reduction from Citigroup

Cooper-Standard (NYSE:CPS) had its price target cut by Citigroup from $25.00 to $19.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Other equities analysts have also issued research reports about the company. Zacks Research lowered Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Stifel Nicolaus dropped their target price on Cooper-Standard from $53.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Finally, Weiss Ratings upgraded shares of Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.00.

Cooper-Standard Stock Performance

Shares of NYSE CPS opened at $18.95 on Monday. The company has a 50 day simple moving average of $21.79 and a 200-day simple moving average of $28.20. Cooper-Standard has a 1 year low of $16.91 and a 1 year high of $47.98.

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

Institutional Investors Weigh In On Cooper-Standard

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Cooper-Standard in the second quarter valued at approximately $41,004,000. Dimensional Fund Advisors LP boosted its holdings in shares of Cooper-Standard by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock valued at $11,376,000 after acquiring an additional 23,620 shares during the period. Great Hill Capital LLC boosted its holdings in shares of 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 during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Cooper-Standard by 15.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock worth $8,662,000 after acquiring an additional 41,797 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Cooper-Standard during the second quarter worth approximately $3,867,000. 69.11% of the stock is currently 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.