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

Cooper-Standard Holdings Inc. (NYSE:CPS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.17 and traded as low as $23.04. Cooper-Standard shares last traded at $23.4220, with a volume of 233,895 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CPS. Weiss Ratings lowered shares of Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 31st. Zacks Research lowered Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus dropped their price target on Cooper-Standard from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $48.33.

Cooper-Standard Stock Performance

The firm has a market cap of $406.24 million, a price-to-earnings ratio of -7.28 and a beta of 2.01. The stock’s fifty day moving average is $27.56 and its two-hundred day moving average is $29.06.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, August 6th. The auto parts company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.54 by ($0.67). The business had revenue of $721.35 million for the quarter, compared to analysts’ expectations of $708.90 million. Sell-side analysts predict that Cooper-Standard Holdings Inc. will post 2.71 earnings per share for the current year.

Institutional Trading of Cooper-Standard

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in shares of Cooper-Standard during the 2nd quarter worth about $47,000. Fiduciary Alliance LLC raised its position in Cooper-Standard by 0.5% in the first quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock worth $15,376,000 after purchasing an additional 2,598 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Cooper-Standard by 5.8% during the second quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock worth $1,953,000 after purchasing an additional 3,942 shares during the period. Inspire Investing LLC lifted its stake in Cooper-Standard by 29.1% during the first quarter. Inspire Investing LLC now owns 18,428 shares of the auto parts company’s stock worth $514,000 after purchasing an additional 4,157 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Cooper-Standard by 53.4% during the first quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock valued at $342,000 after purchasing an additional 4,275 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc is a global automotive supplier headquartered in Northville, Michigan. Through its operating businesses, the company develops and manufactures systems and components used by original equipment manufacturers and other customers in the automotive and transportation industries.

Its principal products include fluid-handling systems for fuel, brake, and thermal-management applications; sealing systems such as door, window, trunk, and hood seals; and anti-vibration and related engineered components.