Cooper-Standard (NYSE:CPS) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cooper-Standard in a research note on Friday, May 22nd. Finally, Stifel Nicolaus dropped their price objective on Cooper-Standard from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Cooper-Standard presently has an average rating of “Reduce” and a consensus target price of $48.33.

Cooper-Standard Stock Up 0.3%

NYSE CPS opened at $29.00 on Tuesday. The firm has a market cap of $514.73 million, a P/E ratio of -13.30 and a beta of 1.99. The company’s 50 day moving average is $28.50 and its 200-day moving average is $31.09. Cooper-Standard has a 12-month low of $22.93 and a 12-month high of $47.98.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Thursday, May 7th. The auto parts company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $686.36 million for the quarter, compared to the consensus estimate of $660.00 million. Equities analysts expect that Cooper-Standard will post 2.86 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 682 shares during the period. Tower Research Capital LLC TRC boosted its stake in Cooper-Standard by 136.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after buying an additional 1,432 shares during the period. BNP Paribas Financial Markets boosted its stake in Cooper-Standard by 101.4% during the third quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock valued at $122,000 after buying an additional 1,658 shares during the period. SG Americas Securities LLC bought a new stake in Cooper-Standard during the fourth quarter valued at $154,000. Finally, CWM LLC grew its position in Cooper-Standard by 22.0% during the fourth quarter. CWM LLC now owns 5,246 shares of the auto parts company’s stock worth $172,000 after buying an additional 945 shares in the last quarter. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.