Cooper-Standard (NYSE:CPS) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $29.62 and traded as high as $31.37. Cooper-Standard shares last traded at $31.0930, with a volume of 142,586 shares.

Analyst Upgrades and Downgrades

CPS has been the topic of several research reports. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Stifel Nicolaus dropped their price objective on Cooper-Standard to $55.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cooper-Standard in a report on Friday, May 22nd. Citigroup raised their price objective on Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Finally, Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.33.

Cooper-Standard Trading Up 3.4%

The stock has a fifty day simple moving average of $29.62 and a two-hundred day simple moving average of $31.94. The company has a market cap of $552.06 million, a PE ratio of -14.26 and a beta of 1.97.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cooper-Standard news, Director David John Mastrocola acquired 3,391 shares of the stock in a transaction on Friday, March 13th. The shares were bought at an average price of $29.77 per share, with a total value of $100,950.07. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at $744,250. This trade represents a 15.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders purchased 6,885 shares of company stock valued at $208,144. 9.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position 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 valued at $39,000 after acquiring 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 acquiring an additional 1,432 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Cooper-Standard by 101.4% during the 3rd 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 during the period. AlphaQuest LLC lifted its position in shares of Cooper-Standard by 593.3% during the 3rd quarter. AlphaQuest LLC now owns 3,307 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 2,830 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Cooper-Standard during the 4th quarter valued at approximately $154,000. Hedge funds and other institutional investors 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.