Cooper-Standard (NYSE:CPS) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Cooper-Standard's stock price recently crossed above its fifty-day moving average of $23.06, reaching a high of $26.50 before closing at $25.88.
• Wall Street analysts have shown optimism, with a recent upgrade to a "strong-buy" rating by Wall Street Zen and Citigroup initiating coverage with a $12 price target.
• The company reported positive earnings results, with $0.06 earnings per share for the last quarter, exceeding analysts' expectations.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.06 and traded as high as $26.50. Cooper-Standard shares last traded at $25.88, with a volume of 116,911 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup began coverage on shares of Cooper-Standard in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price on the stock. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th.

Cooper-Standard Price Performance

The business's fifty day simple moving average is $23.51 and its two-hundred day simple moving average is $19.01. The company has a market cap of $499.63 million, a PE ratio of 17.49 and a beta of 2.92.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.12. The firm had revenue of $705.97 million during the quarter, compared to analysts' expectations of $687.00 million.

Institutional Trading of Cooper-Standard

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Cooper-Standard by 109.6% during the fourth quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $2,189,000 after acquiring an additional 84,412 shares during the last quarter. Invesco Ltd. boosted its position in Cooper-Standard by 1.3% during the fourth quarter. Invesco Ltd. now owns 117,403 shares of the auto parts company's stock worth $1,592,000 after acquiring an additional 1,466 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Cooper-Standard by 19.5% in the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock valued at $4,583,000 after purchasing an additional 55,100 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Cooper-Standard in the 4th quarter valued at about $2,522,000. Finally, Barclays PLC boosted its holdings in Cooper-Standard by 10.3% in the 4th quarter. Barclays PLC now owns 34,217 shares of the auto parts company's stock valued at $464,000 after purchasing an additional 3,204 shares during the last quarter. Institutional investors and hedge funds 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.