Cooper-Standard (NYSE:CPS) Trading 14.5% Higher – Time to Buy?

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) traded up 14.5% during trading on Friday . The stock traded as high as $30.00 and last traded at $31.6230. Approximately 21,830 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 197,750 shares. The stock had previously closed at $27.63.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Stifel Nicolaus decreased their target price on shares of Cooper-Standard from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cooper-Standard in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $48.33.

Cooper-Standard Stock Up 13.8%

The company has a market capitalization of $558.47 million, a PE ratio of -10.02 and a beta of 2.00. The firm has a 50-day moving average of $28.75 and a two-hundred day moving average of $30.79.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Wednesday, August 5th. The auto parts company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.54 by ($0.67). The business had revenue of $721.35 million during the quarter, compared to analyst estimates of $708.90 million. Equities analysts predict that Cooper-Standard Holdings Inc. will post 2.71 EPS for the current fiscal year.

Institutional Trading of Cooper-Standard

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake 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 worth $39,000 after buying an additional 682 shares during the period. Tower Research Capital LLC TRC raised its position 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 worth $53,000 after acquiring an additional 1,432 shares during the period. BNP Paribas Financial Markets raised its position in Cooper-Standard by 101.4% during the third quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 1,658 shares during the period. State of Wyoming purchased a new position in Cooper-Standard during the second quarter valued at $127,000. Finally, SG Americas Securities LLC purchased a new position in Cooper-Standard during the fourth quarter valued at $154,000. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.