Cooper-Standard HoldingsNYSE: CPS

NORTHVILLE, Mich. , June 11, 2024 /PRNewswire/ --  Cooper Standard (NYSE: CPS) today announced the appointment of Shannon B.

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 Holdings: Cheap Valuation And Tailwinds Make It Attractive

Cooper Standard delivered weaker-than-expected sales and a wider-than-anticipated loss in Q4 2023. The company grappled with inflationary pressure and lost production volume related to union worker strikes.

Cooper-Standard Holdings has delivered strong Q3 results, with revenue increasing by 12% YoY and net income improving significantly. The company has raised its revenue and adjusted EBITDA targets for 2023, indicating confidence in its future growth. CPS is well-positioned to capitalize on the growing electric vehicle market, which presents a significant revenue opportunity for the company.

Cooper-Standard Holdings recently announced solid Q3 FY23 results, posting a profitable quarter for the first time since 2021. CPS's sales for Q3 FY23 rose by 12% compared to the previous year, with increased sales in Europe and North and South America. The company's financial turnaround and positive technical chart indicate potential growth, making CPS a rewarding investment opportunity.

The recovery in auto production and the increasing prominence of EVs will present a substantial revenue opportunity for Cooper-Standard in the forthcoming years. Strategic cost-cutting measures, coupled with commercial agreements to recoup costs incurred during the recent years of economic downturn, have already and will continue to substantially enhance the company's bottom line. The confluence of recovering auto production, the rise of EVs, and new product launches, coupled with the comprehensive cost-cutting and recovery measures, renders CPS shares an enticing opportunity.