Stifel Nicolaus Issues Pessimistic Forecast for Cooper-Standard (NYSE:CPS) Stock Price

by · The Markets Daily

Cooper-Standard (NYSE:CPS – Get Free Report) had its target price cut by investment analysts at Stifel Nicolaus from $53.00 to $32.00 in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 57.01% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 31st. Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cooper-Standard has a consensus rating of “Hold” and a consensus target price of $37.83.

Check Out Our Latest Analysis on CPS

Cooper-Standard Trading Up 0.0%

Shares of NYSE CPS opened at $20.38 on Monday. The firm’s 50-day simple moving average is $24.08 and its 200 day simple moving average is $27.35. Cooper-Standard has a 12-month low of $19.73 and a 12-month high of $47.98.

Cooper-Standard (NYSE:CPS – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The auto parts company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.67). The business had revenue of $721.35 million for the quarter, compared to analysts’ expectations of $708.90 million. Research analysts expect that Cooper-Standard will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds have recently added to or reduced their stakes in CPS. BlackRock Inc. bought a new position in shares of Cooper-Standard in the 2nd quarter valued at about $41,004,000. Empowered Funds LLC acquired a new position in Cooper-Standard in the second quarter valued at approximately $3,867,000. Bank of New York Mellon Corp acquired a new position in Cooper-Standard in the second quarter valued at approximately $2,860,000. Canada Pension Plan Investment Board bought a new position in Cooper-Standard in the second quarter valued at approximately $2,121,000. Finally, Hodges Capital Management Inc. bought a new position in Cooper-Standard in the first quarter valued at approximately $2,164,000. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

(Get Free Report)

Cooper-Standard Holdings Inc is a global automotive supplier that develops and manufactures systems and components designed to support vehicle performance, comfort, safety and durability. The company serves original equipment manufacturers (OEMs) and other customers across the automotive industry.

Its primary product areas include sealing systems, fluid-handling systems and anti-vibration systems. These products include door and window seals, body sealing components, fuel and brake lines, fluid-transfer assemblies, hoses, and components that help reduce noise, vibration and harshness in vehicles.

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