Zacks Research Upgrades Cooper-Standard (NYSE:CPS) to Strong-Buy

Cooper-Standard (NYSE:CPS) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also commented on CPS. Weiss Ratings restated a “hold (c)” rating on shares of Cooper-Standard in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Cooper-Standard Stock Performance

NYSE CPS opened at $37.43 on Monday. The firm has a market cap of $660.06 million, a PE ratio of 23.11 and a beta of 2.63. Cooper-Standard has a one year low of $10.38 and a one year high of $40.67. The firm’s fifty day moving average is $35.38 and its two-hundred day moving average is $25.95.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. The business had revenue of $705.97 million during the quarter, compared to analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CPS. Nisa Investment Advisors LLC increased its stake in shares of Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 2,593 shares during the period. Cerity Partners LLC acquired a new position in shares of Cooper-Standard during the first quarter worth about $155,000. CWM LLC increased its stake in shares of Cooper-Standard by 391.9% during the first quarter. CWM LLC now owns 7,457 shares of the auto parts company’s stock worth $114,000 after acquiring an additional 5,941 shares during the period. Cetera Investment Advisers acquired a new position in shares of Cooper-Standard during the first quarter worth about $158,000. Finally, GSA Capital Partners LLP grew its position in Cooper-Standard by 89.0% during the first quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company’s stock worth $1,934,000 after buying an additional 59,433 shares during the period. 69.11% of the stock is currently 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.