Cooper-Standard (NYSE:CPS) Trading Down 9.4% – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPS) shares traded down 9.4% during mid-day trading on Wednesday . The company traded as low as $40.65 and last traded at $39.5310. 111,677 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 234,019 shares. The stock had previously closed at $43.63.

Analyst Ratings Changes

Several research analysts have weighed in on CPS shares. Wall Street Zen upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus boosted their price target on Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings cut Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Finally, Citigroup boosted their target price on Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.33.

Cooper-Standard Stock Performance

The business has a fifty day simple moving average of $33.76 and a 200 day simple moving average of $33.38. The stock has a market cap of $687.00 million, a price-to-earnings ratio of -162.30 and a beta of 1.94.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Thursday, February 12th. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million during the quarter, compared to analyst estimates of $641.51 million.

Hedge Funds Weigh In On Cooper-Standard

Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC boosted its position in Cooper-Standard by 128.3% during the fourth quarter. Millennium Management LLC now owns 50,941 shares of the auto parts company’s stock worth $1,672,000 after acquiring an additional 28,626 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Cooper-Standard by 17.2% during the 4th quarter. Inspire Investing LLC now owns 14,271 shares of the auto parts company’s stock worth $469,000 after purchasing an additional 2,095 shares during the period. EVR Research LP boosted its holdings in shares of Cooper-Standard by 114.3% during the fourth quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock worth $12,311,000 after purchasing an additional 200,000 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Cooper-Standard by 76.8% in the fourth quarter. AQR Capital Management LLC now owns 157,323 shares of the auto parts company’s stock valued at $5,165,000 after purchasing an additional 68,343 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Cooper-Standard by 9.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,734 shares of the auto parts company’s stock valued at $320,000 after purchasing an additional 818 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

About Cooper-Standard

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.