Cooper-Standard (NYSE:CPS) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) 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.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Citigroup raised their price target on Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cooper-Standard in a research report on Friday, May 22nd. Wall Street Zen cut Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Stifel Nicolaus decreased their price objective on Cooper-Standard to $55.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.33.

Cooper-Standard Price Performance

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

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share for the quarter, missing the consensus estimate 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, analysts expect that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its holdings in shares of Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 682 shares during the period. Tower Research Capital LLC TRC grew its position 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 during the last quarter. BNP Paribas Financial Markets grew its position in 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 valued at $122,000 after buying an additional 1,658 shares during the last quarter. AlphaQuest LLC increased its stake in Cooper-Standard by 593.3% in the 3rd quarter. AlphaQuest LLC now owns 3,307 shares of the auto parts company’s stock valued at $122,000 after buying an additional 2,830 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Cooper-Standard in the 4th quarter valued at $154,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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.