Cooper-Standard (NYSE:CPS) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Cooper-Standard Holdings Inc. (NYSE:CPS)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.88 and traded as low as $28.42. Cooper-Standard shares last traded at $29.5190, with a volume of 142,720 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cooper-Standard in a report on Friday, May 22nd. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Stifel Nicolaus cut their target price on Cooper-Standard to $55.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Citigroup raised their price target on Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a report on Wednesday, February 18th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.33.

Cooper-Standard Stock Performance

The company has a market capitalization of $523.96 million, a PE ratio of -13.54 and a beta of 1.97. The firm’s 50-day simple moving average is $29.66 and its 200 day simple moving average is $31.88.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. 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 boosted its stake 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 worth $53,000 after acquiring an additional 1,432 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Cooper-Standard by 593.3% in the 3rd quarter. AlphaQuest LLC now owns 3,307 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 2,830 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Cooper-Standard by 101.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock worth $122,000 after acquiring an additional 1,658 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Cooper-Standard in the 4th quarter valued at approximately $154,000. 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.