Cooper-Standard (NYSE:CPS) Stock Price Up 7.1% – Should You Buy?

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) were up 7.1% on Wednesday . The stock traded as high as $29.99 and last traded at $29.5110. Approximately 157,185 shares were traded during trading, a decline of 21% from the average daily volume of 199,527 shares. The stock had previously closed at $27.55.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Stifel Nicolaus dropped their target price on shares of Cooper-Standard to $55.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cooper-Standard in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.33.

Cooper-Standard Stock Performance

The company has a market cap of $513.60 million, a price-to-earnings ratio of -13.27 and a beta of 1.99. The company has a fifty day moving average of $28.68 and a two-hundred day moving average of $31.27.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The business had revenue of $686.36 million during the quarter, compared to analyst estimates of $660.00 million. Equities analysts expect that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its holdings in Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Cooper-Standard by 136.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 1,432 shares during the period. BNP Paribas Financial Markets boosted its holdings in Cooper-Standard by 101.4% in the third quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 1,658 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Cooper-Standard during the 4th quarter valued at approximately $154,000. Finally, CWM LLC raised its holdings in Cooper-Standard by 22.0% during the 4th quarter. CWM LLC now owns 5,246 shares of the auto parts company’s stock worth $172,000 after purchasing an additional 945 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

About Cooper-Standard

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.