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

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.80 and traded as low as $27.12. Cooper-Standard shares last traded at $27.4310, with a volume of 126,968 shares changing hands.

Analyst Upgrades and Downgrades

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

Cooper-Standard Trading Down 2.2%

The business has a 50 day moving average of $29.58 and a 200-day moving average of $31.80. The stock has a market cap of $486.90 million, a PE ratio of -12.58 and a beta of 1.97.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The business had revenue of $686.36 million during the quarter, compared to the consensus estimate of $660.00 million. Research analysts expect that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Institutional Trading of Cooper-Standard

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cooper-Standard by 3.1% in the third quarter. Vanguard Group Inc. now owns 976,604 shares of the auto parts company’s stock valued at $36,066,000 after purchasing an additional 29,800 shares during the period. Fiduciary Alliance LLC raised its stake in Cooper-Standard by 0.5% during the 1st quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock valued at $15,376,000 after acquiring an additional 2,598 shares during the last quarter. Great Hill Capital LLC acquired a new stake in Cooper-Standard during the 3rd quarter worth approximately $16,036,000. Geode Capital Management LLC grew its stake in shares of Cooper-Standard by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 422,689 shares of the auto parts company’s stock valued at $13,880,000 after purchasing an additional 13,143 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cooper-Standard by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock valued at $11,376,000 after purchasing an additional 23,620 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

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.