Cooper-Standard Automotive Inc. (CPS)
Cooper-Standard Automotive Inc. is a global automotive supplier specializing in the design, production, and sale of automotive sealing, fuel and brake line systems, and fluid transfer solutions. Founded in 1960, the company serves automakers worldwide, providing innovative components that enhance vehicle safety, performance, and comfort. Cooper-Standard is known for its expertise in sealing technology and its commitment to delivering high-quality, sustainable automotive solutions.
Company News
The global Automotive Gaskets Market is projected to grow from $2.8 billion in 2024 to $3.0 billion by 2031, with a modest 0.7% CAGR. Light vehicles and central engine systems will drive market growth, with Asia-Pacific expected to be the dominant region.
Discover why Zacks rates Cooper-Standard as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore how Cooper-Standard is steering through the dynamic automotive landscape with innovative strategies amid market volatility.
Cooper Standard missed revenue and earnings estimates for its fourth quarter of 2023.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 0.5% on Friday. The Dow traded down 0.24% to 38,681.46 while the NASDAQ fell 0.56% to 15,816.84. The S&P 500 also fell, dropping, 0.27% to 5,016.06. Check This Out: Amazon, Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling  Leading and Lagging Sectors  Materials shares rose by 0.8% on Friday. In trading on Friday, communication services shares fell by 1.4%.  Top Headline  Shares of TreeHouse Foods, Inc. (NYSE: THS) fell around 16% on Friday after the company reported worse-than-expected fourth-quarter revenue results and issued FY24 outlook below estimates. The company reported fourth-quarter adjusted EPS of 77 cents, beating the analyst consensus of 73 cents. Quarterly net sales of $910.8 million missed the consensus of $925.44 million.  Equities Trading UP  The Trade Desk, Inc. (NASDAQ: TTD) shares shot up 17% to $88.65 after the company reported mixed fourth-quarter financial results. Shares of PRA Group, Inc. (NASDAQ: PRAA) got a boost, surging 13% to $27.66 following upbeat results. Fusion Fuel ...
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