Cooper-Standard (NYSE:CPS) Stock Rating Cut to Strong Sell at Zacks Research

Cooper-Standard (NYSE:CPS) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings downgraded Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 31st. Stifel Nicolaus decreased their price target on Cooper-Standard from $53.00 to $32.00 and set a “buy” rating for the company in a report on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $37.83.

Cooper-Standard Trading Down 3.3%

Cooper-Standard stock opened at $19.77 on Tuesday. The firm has a market cap of $351.40 million, a P/E ratio of -6.30 and a beta of 2.05. Cooper-Standard has a 1-year low of $19.47 and a 1-year high of $47.98. The firm has a 50-day moving average of $23.92 and a 200-day moving average of $27.29.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Thursday, August 6th. The auto parts company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.67). The firm had revenue of $721.35 million for the quarter, compared to analyst estimates of $708.90 million. Research analysts forecast that Cooper-Standard will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of Cooper-Standard

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in Cooper-Standard during the 2nd quarter worth approximately $47,000. State of Wyoming acquired a new stake in shares of Cooper-Standard during the 2nd quarter worth approximately $127,000. Hsbc Holdings PLC acquired a new stake in shares of Cooper-Standard in the 2nd quarter valued at about $205,000. Clear Harbor Asset Management LLC bought a new position in Cooper-Standard during the second quarter worth $253,000. Finally, Quantinno Capital Management LP raised its position in shares of Cooper-Standard by 53.4% in the 1st quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock valued at $342,000 after buying an additional 4,275 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc is a global automotive supplier that develops and manufactures systems and components designed to support vehicle performance, comfort, safety and durability. The company serves original equipment manufacturers (OEMs) and other customers across the automotive industry.

Its primary product areas include sealing systems, fluid-handling systems and anti-vibration systems. These products include door and window seals, body sealing components, fuel and brake lines, fluid-transfer assemblies, hoses, and components that help reduce noise, vibration and harshness in vehicles.