Cooper-Standard (NYSE:CPS) Raised to “Buy” at StockNews.com

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

Cooper-Standard Stock Performance

Cooper-Standard stock traded down $0.09 during mid-day trading on Tuesday, hitting $15.83. 7,646 shares of the company traded hands, compared to its average volume of 135,759. Cooper-Standard has a one year low of $11.24 and a one year high of $20.82. The stock has a market cap of $274.33 million, a price-to-earnings ratio of -1.61 and a beta of 2.74. The stock has a fifty day moving average price of $13.80 and a 200-day moving average price of $13.75.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported ($0.68) EPS for the quarter, beating the consensus estimate of ($1.18) by $0.50. The firm had revenue of $685.35 million for the quarter.

Hedge Funds Weigh In On Cooper-Standard

A number of institutional investors have recently bought and sold shares of the stock. US Bancorp DE bought a new position in Cooper-Standard in the third quarter worth $33,000. Janney Montgomery Scott LLC purchased a new stake in shares of Cooper-Standard in the 1st quarter worth about $232,000. BNP Paribas Financial Markets increased its stake in shares of Cooper-Standard by 19.6% in the 1st quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock worth $304,000 after acquiring an additional 3,004 shares in the last quarter. Rhumbline Advisers lifted its position in Cooper-Standard by 15.8% during the 2nd quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock valued at $340,000 after acquiring an additional 3,723 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in Cooper-Standard in the third quarter worth about $574,000. 69.11% of the stock is owned by institutional investors.

About Cooper-Standard

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.