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

Cooper-Standard Holdings Inc. (NYSE:CPS) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $33.60 and traded as high as $37.13. Cooper-Standard shares last traded at $35.81, with a volume of 128,607 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CPS. Weiss Ratings reissued a “hold (c)” rating on shares of Cooper-Standard in a report on Saturday, September 27th. Zacks Research upgraded shares of Cooper-Standard to a “hold” rating in a research report on Friday, August 22nd. Stifel Nicolaus assumed coverage on shares of Cooper-Standard in a research report on Thursday, August 21st. They issued a “buy” rating and a $39.00 price objective for the company. Finally, Wall Street Zen upgraded Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.50.

Cooper-Standard Stock Down 2.0%

The firm has a 50-day moving average price of $33.60 and a two-hundred day moving average price of $24.67. The firm has a market cap of $631.44 million, a PE ratio of 22.10 and a beta of 2.63.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.12. The firm had revenue of $705.97 million during the quarter, compared to analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Trading of Cooper-Standard

Several large investors have recently bought and sold shares of CPS. Osaic Holdings Inc. lifted its stake in Cooper-Standard by 42.0% in the 2nd quarter. Osaic Holdings Inc. now owns 85,593 shares of the auto parts company’s stock worth $1,840,000 after purchasing an additional 25,318 shares in the last quarter. Tactive Advisors LLC acquired a new stake in shares of Cooper-Standard in the second quarter valued at approximately $247,000. Geneos Wealth Management Inc. lifted its position in Cooper-Standard by 60.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Cooper-Standard by 136.5% in 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 buying an additional 1,432 shares in the last quarter. Finally, Man Group plc purchased a new position in shares of Cooper-Standard during the 2nd quarter worth $251,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.