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 report issued on Monday morning.

Cooper-Standard Stock Down 2.1 %

Shares of CPS stock opened at $15.14 on Monday. Cooper-Standard has a 12 month low of $9.86 and a 12 month high of $22.74. The firm has a market cap of $261.77 million, a PE ratio of -1.30 and a beta of 2.88. The stock has a 50 day moving average of $15.55 and a 200-day moving average of $16.11.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) EPS for the quarter. The company had revenue of $673.64 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada acquired a new position in Cooper-Standard during the second quarter worth $44,000. Allspring Global Investments Holdings LLC acquired a new position in Cooper-Standard during the third quarter worth $56,000. Quantbot Technologies LP acquired a new position in Cooper-Standard during the second quarter worth $57,000. Sunbelt Securities Inc. acquired a new position in Cooper-Standard during the second quarter worth $66,000. Finally, Barclays PLC raised its stake in Cooper-Standard by 202.5% during the second quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock worth $75,000 after acquiring an additional 3,527 shares in the last quarter. 69.11% of the stock is currently 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.