Cooper-Standard (NYSE:CPS) Downgraded by StockNews.com to “Hold”

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

Cooper-Standard Price Performance

Shares of NYSE CPS opened at $13.96 on Tuesday. The stock has a market capitalization of $241.37 million, a PE ratio of -2.35 and a beta of 2.76. Cooper-Standard has a one year low of $11.24 and a one year high of $22.74. The business’s fifty day moving average price is $12.91 and its 200-day moving average price is $14.82.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Monday, May 6th. The auto parts company reported ($1.75) EPS for the quarter. The business had revenue of $676.43 million for the quarter.

Institutional Investors Weigh In On Cooper-Standard

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meridian Wealth Management LLC bought a new stake in shares of Cooper-Standard during the 4th quarter valued at $195,000. SG Americas Securities LLC bought a new stake in shares of Cooper-Standard during the fourth quarter valued at about $269,000. Janney Montgomery Scott LLC purchased a new stake in shares of Cooper-Standard in the first quarter worth about $232,000. BNP Paribas Financial Markets boosted its position in shares of Cooper-Standard by 19.6% in the first quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after acquiring an additional 3,004 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in Cooper-Standard by 145.9% during the first quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock valued at $320,000 after acquiring an additional 11,450 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

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.