Cooper-Standard (NYSE:CPS) Announces Earnings Results

Cooper-Standard (NYSE:CPS) posted its quarterly earnings results on Wednesday. The auto parts company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.85), Zacks reports. The business had revenue of $708.59 million during the quarter, compared to analysts’ expectations of $704.13 million.

Cooper-Standard Stock Down 18.8%

Shares of Cooper-Standard stock opened at $17.90 on Friday. The business has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $28.45. Cooper-Standard has a 1 year low of $17.15 and a 1 year high of $47.98.

Analyst Ratings Changes

CPS has been the topic of a number of analyst reports. Weiss Ratings upgraded Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Zacks Research cut shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Finally, Stifel Nicolaus lowered their target price on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $37.83.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.

Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.