Cooper-Standard (NYSE:CPS) Upgraded at StockNews.com

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

Cooper-Standard Trading Down 2.7 %

CPS stock opened at $13.81 on Friday. The business’s 50 day moving average is $12.99 and its 200-day moving average is $14.70. Cooper-Standard has a 1-year low of $11.24 and a 1-year high of $22.74. The firm has a market cap of $238.77 million, a P/E ratio of -2.39 and a beta of 2.76.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, August 1st. The auto parts company reported ($0.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.09) by $1.45. The firm had revenue of $708.36 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Cooper-Standard by 19.6% in the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after buying an additional 3,004 shares during the period. Los Angeles Capital Management LLC grew its stake in Cooper-Standard by 12.7% in the first quarter. Los Angeles Capital Management LLC now owns 28,894 shares of the auto parts company’s stock valued at $478,000 after purchasing an additional 3,250 shares in the last quarter. Rhumbline Advisers increased its holdings in Cooper-Standard by 15.8% during the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock worth $340,000 after buying an additional 3,723 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Cooper-Standard by 14.5% in the 1st 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. Finally, Jacobs Levy Equity Management Inc. raised its stake in Cooper-Standard by 5.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 122,860 shares of the auto parts company’s stock valued at $2,035,000 after buying an additional 6,236 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.