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

Cooper-Standard Holdings Inc. (NYSE:CPS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.80 and traded as low as $27.12. Cooper-Standard shares last traded at $27.4310, with a volume of 126,968 shares traded.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Cooper-Standard in a research report on Friday, May 22nd. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Stifel Nicolaus reduced their price target on Cooper-Standard to $55.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $49.33.

Cooper-Standard Trading Down 2.2%

The stock has a market cap of $486.90 million, a PE ratio of -12.58 and a beta of 1.97. The company has a fifty day moving average of $29.58 and a 200-day moving average of $31.80.

Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The business had revenue of $686.36 million during the quarter, compared to the consensus estimate of $660.00 million. As a group, research analysts anticipate that Cooper-Standard Holdings Inc. will post 3.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cooper-Standard

Several large investors have recently added to or reduced their stakes in CPS. Geneos Wealth Management Inc. boosted its position in Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after buying an additional 682 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Cooper-Standard by 136.5% during 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 period. BNP Paribas Financial Markets raised its stake in shares of Cooper-Standard by 101.4% in the third quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 1,658 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cooper-Standard in the fourth quarter valued at $154,000. Finally, CWM LLC boosted its holdings in Cooper-Standard by 22.0% in the fourth quarter. CWM LLC now owns 5,246 shares of the auto parts company’s stock valued at $172,000 after purchasing an additional 945 shares during the period. 69.11% of the stock is owned by hedge funds and other institutional investors.

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.