Cooper-Standard (NYSE:CPS) Shares Cross Below 200-Day Moving Average – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPS)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.65 and traded as low as $31.25. Cooper-Standard shares last traded at $31.33, with a volume of 182,559 shares.

Analyst Upgrades and Downgrades

CPS has been the topic of a number of analyst reports. Citigroup lifted their price objective on Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, December 15th. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings cut Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.00.

Cooper-Standard Price Performance

The company has a market capitalization of $552.66 million, a PE ratio of 17.21 and a beta of 1.96. The stock has a 50-day simple moving average of $31.97 and a 200 day simple moving average of $31.65.

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

Insider Transactions at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola purchased 2,000 shares of Cooper-Standard stock in a transaction on Monday, November 10th. The shares were bought at an average price of $29.05 per share, with a total value of $58,100.00. Following the completion of the acquisition, the director directly owned 18,115 shares of the company’s stock, valued at approximately $526,240.75. This trade represents a 12.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

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

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.