Cooper-Standard (NYSE:CPS) Downgraded to “Strong Sell” Rating by Zacks Research

Cooper-Standard (NYSE:CPS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

CPS has been the subject of a number of other research reports. Stifel Nicolaus boosted their price objective on shares of Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Cooper-Standard in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Cooper-Standard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cooper-Standard has a consensus rating of “Hold” and a consensus target price of $26.50.

Cooper-Standard Stock Up 3.2%

Shares of NYSE:CPS opened at $28.97 on Tuesday. Cooper-Standard has a fifty-two week low of $10.38 and a fifty-two week high of $40.67. The firm has a 50-day simple moving average of $36.06 and a 200 day simple moving average of $27.77. The company has a market cap of $510.98 million, a PE ratio of 17.88 and a beta of 2.69.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, October 30th. The auto parts company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The company had revenue of $695.50 million for the quarter, compared to analyst estimates of $698.83 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 682 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Cooper-Standard during the third quarter valued at approximately $30,000. Harbor Capital Advisors Inc. lifted its stake in Cooper-Standard by 43.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,827 shares of the auto parts company’s stock valued at $141,000 after purchasing an additional 1,167 shares during the last quarter. Geode Capital Management LLC lifted its stake in Cooper-Standard by 0.3% during the second quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company’s stock valued at $8,702,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Cooper-Standard by 136.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 1,432 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

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.