Cooper-Standard (NYSE:CPS) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Cooper-Standard Stock Performance

CPS opened at $16.20 on Tuesday. The company’s 50 day simple moving average is $13.83 and its 200 day simple moving average is $13.77. Cooper-Standard has a 1 year low of $11.24 and a 1 year high of $20.82. The stock has a market capitalization of $280.66 million, a PE ratio of -1.63 and a beta of 2.74.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.50. The business had revenue of $685.35 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in Cooper-Standard during the third quarter valued at approximately $33,000. BNP Paribas Financial Markets raised its stake in shares of Cooper-Standard by 19.6% during the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after purchasing an additional 3,004 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Cooper-Standard by 7.7% during the third quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company’s stock valued at $618,000 after purchasing an additional 3,197 shares during the period. Rhumbline Advisers raised its stake in shares of Cooper-Standard by 15.8% during the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock valued at $340,000 after purchasing an additional 3,723 shares during the period. Finally, Atomi Financial Group Inc. raised its stake in shares of Cooper-Standard by 14.5% during the first quarter. Atomi Financial Group Inc. now owns 35,541 shares of the auto parts company’s stock valued at $589,000 after purchasing an additional 4,503 shares during the period. 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.