Cooper-Standard (NYSE:CPS) Price Target Cut to $19.00 by Analysts at Citigroup

Cooper-Standard (NYSE:CPS) had its target price lowered by equities researchers at Citigroup from $25.00 to $19.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Citigroup‘s price objective points to a potential upside of 2.29% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus dropped their target price on Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Zacks Research downgraded Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Finally, Weiss Ratings raised Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $25.50.

Cooper-Standard Stock Up 3.6%

Shares of CPS stock traded up $0.65 during trading hours on Monday, hitting $18.57. 183,479 shares of the company’s stock traded hands, compared to its average volume of 221,824. The stock’s fifty day simple moving average is $22.22 and its two-hundred day simple moving average is $28.39. Cooper-Standard has a 12-month low of $16.91 and a 12-month high of $47.98. The stock has a market cap of $330.08 million, a price-to-earnings ratio of -4.83 and a beta of 2.03.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) earnings per share 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 the consensus estimate of $704.13 million. On average, equities analysts forecast that Cooper-Standard will post 0.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cooper-Standard

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in Cooper-Standard by 154.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 55,471 shares of the auto parts company’s stock valued at $1,156,000 after acquiring an additional 33,664 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Cooper-Standard by 28.6% during the 3rd 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 grew its stake in shares of 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 worth $6,941,000 after acquiring an additional 3,342 shares during the period. Squarepoint Ops LLC grew its stake in shares of Cooper-Standard by 5.8% in the second quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock worth $1,953,000 after acquiring an additional 3,942 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Cooper-Standard in the second quarter worth approximately $205,000. 69.11% of the stock is currently owned by institutional investors.

Cooper-Standard Company Profile

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.