Cooper-Standard (NYSE:CPS) Stock Rating Upgraded by StockNews.com

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

Cooper-Standard Trading Down 2.7 %

Cooper-Standard stock opened at $13.81 on Friday. Cooper-Standard has a 12-month low of $11.24 and a 12-month high of $22.74. The firm has a market capitalization of $238.77 million, a price-to-earnings ratio of -2.39 and a beta of 2.76. The firm has a 50 day moving average of $12.99 and a 200 day moving average of $14.70.

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

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds have recently modified their holdings of the stock. Meridian Wealth Management LLC purchased a new position in Cooper-Standard during the 4th quarter valued at approximately $195,000. Janney Montgomery Scott LLC purchased a new stake in Cooper-Standard in the 1st quarter valued at about $232,000. SG Americas Securities LLC purchased a new position in shares of Cooper-Standard during the fourth quarter worth approximately $269,000. 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 acquiring an additional 3,004 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Cooper-Standard by 145.9% in the first quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock worth $320,000 after purchasing an additional 11,450 shares in the last quarter. Hedge funds and other institutional investors 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.