Cooper-Standard (NYSE:CPS) Shares Cross Above Fifty Day Moving Average – Here’s Why

Cooper-Standard Holdings Inc. (NYSE:CPS) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $31.54 and traded as high as $35.18. Cooper-Standard shares last traded at $34.47, with a volume of 220,242 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have commented on CPS shares. Stifel Nicolaus lifted their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cooper-Standard in a report on Monday, December 29th. Citigroup boosted their target price on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Wall Street Zen lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.00.

Cooper-Standard Trading Up 0.6%

The firm’s fifty day moving average price is $31.54 and its two-hundred day moving average price is $31.15. The stock has a market capitalization of $607.95 million, a PE ratio of 18.94 and a beta of 1.96.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Friday, October 31st. The auto parts company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.74). The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $698.83 million.

Insider Activity at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola bought 2,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average cost of $29.05 per share, for a total transaction of $58,100.00. Following the transaction, the director directly owned 18,115 shares of the company’s stock, valued at approximately $526,240.75. The trade was a 12.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cooper-Standard

A number of large investors have recently bought and sold shares of CPS. State of Alaska Department of Revenue purchased a new position in Cooper-Standard during the third quarter worth approximately $30,000. Geneos Wealth Management Inc. raised its stake in shares of Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after buying an additional 1,432 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Cooper-Standard during the 3rd quarter valued at approximately $57,000. Finally, Abound Wealth Management acquired a new stake in Cooper-Standard in the 3rd quarter valued at $116,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.