Cooper-Standard (NYSE:CPS) Trading 6% Higher on Analyst Upgrade

Cooper-Standard Holdings Inc. (NYSE:CPS) shot up 6% during mid-day trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $41.00 to $43.00. Stifel Nicolaus currently has a buy rating on the stock. Cooper-Standard traded as high as $35.12 and last traded at $35.1860. 34,217 shares traded hands during trading, a decline of 87% from the average session volume of 258,708 shares. The stock had previously closed at $33.21.

CPS has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cooper-Standard in a research note on Monday, December 8th. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Zacks Research cut shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Citigroup raised their price objective on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.00.

Insiders Place Their Bets

In other news, Director David John Mastrocola bought 2,000 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average price of $29.05 per share, with a total value of $58,100.00. Following the completion of the acquisition, the director owned 18,115 shares in the company, valued at $526,240.75. The trade was a 12.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in Cooper-Standard during the third quarter valued at about $633,000. Caxton Associates LLP purchased a new stake in shares of Cooper-Standard during the third quarter worth about $1,221,000. Qube Research & Technologies Ltd raised its stake in Cooper-Standard by 243.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 46,356 shares of the auto parts company’s stock valued at $1,712,000 after purchasing an additional 32,862 shares during the period. Ameriprise Financial Inc. lifted its holdings in Cooper-Standard by 126.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 63,504 shares of the auto parts company’s stock worth $2,345,000 after purchasing an additional 35,413 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in Cooper-Standard in the 3rd quarter worth approximately $263,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Cooper-Standard Trading Up 2.2%

The company has a 50 day simple moving average of $32.09 and a two-hundred day simple moving average of $29.93. The firm has a market capitalization of $613.41 million, a P/E ratio of 19.11 and a beta of 1.95.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Friday, October 31st. The auto parts company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.74). The firm had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $698.83 million.

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.