Cooper-Standard (NYSE:CPS) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a research note published on Tuesday morning.

Cooper-Standard Stock Performance

Shares of CPS stock opened at $15.54 on Tuesday. Cooper-Standard has a 52-week low of $9.86 and a 52-week high of $22.74. The stock has a market cap of $268.69 million, a price-to-earnings ratio of -1.33 and a beta of 2.88. The firm has a fifty day moving average of $15.37 and a 200-day moving average of $16.21.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share (EPS) for the quarter. The firm had revenue of $673.64 million for the quarter.

Institutional Investors Weigh In On Cooper-Standard

Several large investors have recently made changes to their positions in CPS. Barclays PLC grew its holdings in shares of Cooper-Standard by 202.5% in the 2nd quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock worth $75,000 after purchasing an additional 3,527 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Cooper-Standard in the 3rd quarter worth about $701,000. NorthRock Partners LLC grew its holdings in shares of Cooper-Standard by 5.2% in the 3rd quarter. NorthRock Partners LLC now owns 37,878 shares of the auto parts company’s stock worth $508,000 after purchasing an additional 1,878 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Cooper-Standard in the 3rd quarter worth about $56,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Cooper-Standard in the 3rd quarter worth about $156,000. Institutional investors own 69.11% of the company’s stock.

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.