Cooper-Standard Holdings Inc. (NYSE:CPS) Stock Has Consensus Price Target of $26.00 According to Analysts

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $26.00.

CPS has been the subject of a number of research analyst reports. Citigroup dropped their price target on Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday. Freedom Broker cut their price objective on Cooper-Standard from $45.00 to $27.00 and set a “buy” rating for the company in a report on Monday. Zacks Research cut shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Stifel Nicolaus lowered their target price on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings upgraded shares of Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th.

Institutional Trading of Cooper-Standard

A number of hedge funds have recently made changes to their positions in CPS. Russell Investments Group Ltd. grew its position in Cooper-Standard by 154.4% in the third quarter. Russell Investments Group Ltd. now owns 55,471 shares of the auto parts company’s stock worth $1,156,000 after acquiring an additional 33,664 shares in the last quarter. Tectonic Advisors LLC increased its stake in Cooper-Standard by 28.6% in the third quarter. Tectonic Advisors LLC now owns 49,957 shares of the auto parts company’s stock valued at $1,041,000 after acquiring an additional 11,104 shares during the last quarter. Great Hill Capital LLC increased its stake in Cooper-Standard by 1.0% in the third quarter. Great Hill Capital LLC now owns 333,080 shares of the auto parts company’s stock valued at $6,941,000 after acquiring an additional 3,342 shares during the last quarter. Squarepoint Ops LLC raised its position in Cooper-Standard by 5.8% during the second quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock valued at $1,953,000 after purchasing an additional 3,942 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Cooper-Standard during the second quarter valued at about $205,000. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Stock Up 4.3%

NYSE:CPS traded up $0.77 during trading hours on Monday, hitting $18.70. 351,667 shares of the company’s stock traded hands, compared to its average volume of 222,508. The firm has a market cap of $332.37 million, a P/E ratio of -4.87 and a beta of 2.03. Cooper-Standard has a 52 week low of $16.91 and a 52 week high of $47.98. The business’s fifty day simple moving average is $22.22 and its two-hundred day simple moving average is $28.39.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.74 by ($0.85). The company had revenue of $708.59 million during the quarter, compared to analyst estimates of $704.13 million. On average, analysts expect that Cooper-Standard will post 0.71 EPS for the current year.

About Cooper-Standard

Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.

Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.