Cooper-Standard (NYSE:CPS) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a research report report published on Tuesday.

Cooper-Standard Stock Down 9.8 %

NYSE:CPS opened at $14.94 on Tuesday. The company has a market cap of $258.31 million, a P/E ratio of -1.28 and a beta of 2.87. The firm’s 50 day moving average is $15.51 and its two-hundred day moving average is $16.42. Cooper-Standard has a fifty-two week low of $9.94 and a fifty-two week high of $22.74.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share (EPS) for the quarter. The firm had revenue of $673.64 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Cooper-Standard during the third quarter valued at approximately $56,000. Clear Street Markets LLC purchased a new position in shares of Cooper-Standard during the 3rd quarter valued at approximately $93,000. Janney Montgomery Scott LLC bought a new stake in shares of Cooper-Standard in the third quarter worth $156,000. Meridian Wealth Management LLC acquired a new stake in Cooper-Standard in the fourth quarter valued at $195,000. Finally, Barclays PLC boosted its stake in Cooper-Standard by 183.0% during the 3rd quarter. Barclays PLC now owns 14,911 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 9,642 shares during the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.