Cooper-Standard (NYSE:CPS - Get Free Report) announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.93) by $1.12, Zacks reports. The business had revenue of $667.07 million for the quarter, compared to analysts' expectations of $670.00 million.
Cooper-Standard Price Performance
Shares of NYSE:CPS traded up $0.85 on Thursday, hitting $25.94. The company's stock had a trading volume of 592,666 shares, compared to its average volume of 203,148. The company has a market capitalization of $455.18 million, a PE ratio of -5.71 and a beta of 2.63. The company has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $14.72. Cooper-Standard has a 1 year low of $10.38 and a 1 year high of $26.31.
Insider Buying and Selling at Cooper-Standard
In related news, Director David John Mastrocola bought 3,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the acquisition, the director now directly owns 11,115 shares of the company's stock, valued at $169,726.05. The trade was a 36.97 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.80% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on CPS. Citigroup began coverage on Cooper-Standard in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price target for the company. StockNews.com raised Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd.
View Our Latest Analysis on Cooper-Standard
About Cooper-Standard
(
Get Free Report)
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.
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