Cooper-Standard (NYSE:CPS) Stock Rating Upgraded by StockNews.com

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

Cooper-Standard Stock Performance

Shares of CPS opened at $14.24 on Tuesday. The firm’s 50 day moving average price is $15.51 and its two-hundred day moving average price is $16.41. Cooper-Standard has a twelve month low of $9.94 and a twelve month high of $22.74. The firm has a market cap of $246.21 million, a P/E ratio of -1.22 and a beta of 2.87.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Cooper-Standard during the third quarter worth approximately $56,000. Clear Street Markets LLC bought a new stake in Cooper-Standard in the 3rd quarter valued at $93,000. Janney Montgomery Scott LLC acquired a new position in Cooper-Standard in the 3rd quarter valued at $156,000. Meridian Wealth Management LLC bought a new position in Cooper-Standard during the 4th quarter worth $195,000. Finally, Barclays PLC lifted its holdings in shares of Cooper-Standard by 183.0% during the third quarter. Barclays PLC now owns 14,911 shares of the auto parts company’s stock worth $201,000 after buying an additional 9,642 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

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.