Cooper-Standard (NYSE:CPS) Trading 6% Higher – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPS)’s share price traded up 6% during mid-day trading on Tuesday . The company traded as high as $35.12 and last traded at $35.1860. 34,217 shares traded hands during trading, a decline of 87% from the average session volume of 258,708 shares. The stock had previously closed at $33.21.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPS. Zacks Research downgraded shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Stifel Nicolaus increased their price target on Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Citigroup lifted their price objective on shares of Cooper-Standard from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cooper-Standard in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cooper-Standard presently has an average rating of “Hold” and an average target price of $38.00.

Cooper-Standard Price Performance

The firm’s 50-day simple moving average is $32.02 and its 200 day simple moving average is $29.78. The firm has a market capitalization of $616.09 million, a price-to-earnings ratio of 19.11 and a beta of 1.95.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Friday, October 31st. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The firm had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $698.83 million.

Insider Activity

In related news, Director David John Mastrocola acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $29.05 per share, with a total value of $58,100.00. Following the completion of the purchase, the director directly owned 18,115 shares in the company, valued at $526,240.75. The trade was a 12.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 8.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cooper-Standard

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Cooper-Standard during the third quarter valued at $30,000. New York State Teachers Retirement System bought a new stake in Cooper-Standard in the third quarter worth approximately $57,000. Geneos Wealth Management Inc. lifted its position in shares of Cooper-Standard by 60.8% during the 2nd 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 during the period. Tower Research Capital LLC TRC grew its stake in shares of Cooper-Standard by 136.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after buying an additional 1,432 shares during the period. Finally, Abound Wealth Management bought a new stake in shares of Cooper-Standard during the third quarter valued at approximately $116,000. 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.