Stock of the Day: Could Cooper-Standard Holdings Inc See a Reversal After This Very Strong Session?

Stock of the Day: Could Cooper Standard Holdings Inc See a Reversal After This Very Strong Session?

The stock of Cooper-Standard Holdings Inc (NYSE:CPS) is a huge mover today! About 358,289 shares traded hands or 119.58% up from the average. Cooper-Standard Holdings Inc (NYSE:CPS) has risen 21.90% since April 20, 2016 and is uptrending. It has outperformed by 17.35% the S&P500.
The move comes after 8 months positive chart setup for the $1.71B company. It was reported on Nov, 22 by Barchart.com. We have $104.87 PT which if reached, will make NYSE:CPS worth $153.90 million more.

Cooper-Standard Holdings Inc (NYSE:CPS) Ratings Coverage

Out of 7 analysts covering Cooper-Standard (NYSE:CPS), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Cooper-Standard has been the topic of 8 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, November 6 by Singular Research. Bank of America downgraded the stock to “Underperform” rating in Tuesday, June 21 report. Goldman Sachs initiated Cooper-Standard Holdings Inc (NYSE:CPS) rating on Tuesday, June 14. Goldman Sachs has “Neutral” rating and $95 price target. Seaport Global initiated it with “Buy” rating and $108 target price in Tuesday, August 9 report. The rating was upgraded by Goldman Sachs on Tuesday, November 22 to “Buy”. Buckingham Research downgraded the stock to “Neutral” rating in Tuesday, September 27 report. Jefferies downgraded Cooper-Standard Holdings Inc (NYSE:CPS) on Wednesday, October 19 to “Hold” rating. As per Thursday, March 31, the company rating was initiated by KeyBanc Capital Markets.

According to Zacks Investment Research, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan.”

Insitutional Activity: The institutional sentiment increased to 1.87 in Q2 2016. Its up 0.22, from 1.65 in 2016Q1. The ratio increased, as 18 funds sold all Cooper-Standard Holdings Inc shares owned while 42 reduced positions. 30 funds bought stakes while 69 increased positions. They now own 15.88 million shares or 3.98% less from 16.54 million shares in 2016Q1.
Leuthold Gru Ltd Liability Co has 34,802 shares for 0.29% of their US portfolio. Parametric Assocs Ltd Limited Liability Company holds 125,087 shares or 0.02% of its portfolio. Citadel Advsrs Ltd Liability Com has invested 0% of its portfolio in Cooper-Standard Holdings Inc (NYSE:CPS). Ladenburg Thalmann Financial Services holds 0% or 14 shares in its portfolio. Smith Asset Management Group Lp last reported 9,685 shares in the company. Strs Ohio last reported 0% of its portfolio in the stock. Legal General Gru Public Ltd Com has 0% invested in the company for 3,466 shares. Chicago Equity Limited Liability Company reported 11,161 shares or 0.03% of all its holdings. Panagora Asset accumulated 0% or 6,009 shares. Pacad Investment Ltd holds 1,900 shares or 0.02% of its portfolio. Qs Investors Limited Liability Co reported 50,224 shares or 0.03% of all its holdings. Blackrock Institutional Trust Co Na has 0.01% invested in the company for 435,407 shares. Robeco Institutional Asset Mgmt Bv holds 0.03% of its portfolio in Cooper-Standard Holdings Inc (NYSE:CPS) for 49,248 shares. Pnc Fincl Services Grp holds 0% of its portfolio in Cooper-Standard Holdings Inc (NYSE:CPS) for 1,988 shares. D E Shaw & reported 148,926 shares or 0.02% of all its holdings.

More news for Cooper-Standard Holdings Inc (NYSE:CPS) were recently published by: Marketwatch.com, which released: “Cooper-Standard Holdings Inc.” on May 03, 2011. Prnewswire.com‘s article titled: “Cooper Standard Reports Record Third Quarter Results” and published on October 31, 2016 is yet another important article.

CPS Company Profile

Cooper-Standard Holdings Inc., incorporated on September 10, 2004, is a holding company. The Company, through its subsidiaries, makes sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Firm operates in four divisions, which include North America, Europe, South America and Asia Pacific. The Company’s principal products within each of these divisions are sealing systems, fuel and brake delivery systems, fluid transfer systems and anti-vibration systems. The Company’s products are used by automotive original equipment manufacturers (OEMs) and replacement markets. The Firm operates in over 80 manufacturing locations and approximately 20 design, engineering, administrative and logistics locations in over 20 countries around the world.

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