Cooper-Standard (NYSE:CPS) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Cooper-Standard Holdings Inc. shares surpassed their 50-day moving average of $33.60, trading as high as $37.13 with a recent price of $35.81.
• Analysts have mixed ratings on Cooper-Standard, with Zacks Research upgrading it to a "hold" and Wall Street Zen raising it to a "strong-buy" rating, while the average consensus remains a "hold" with a price target of $25.50.
• The company reported quarterly earnings of $0.06 per share, exceeding analysts' expectations and generating revenue of $705.97 million, higher than forecasted.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $33.60 and traded as high as $37.13. Cooper-Standard shares last traded at $35.81, with a volume of 128,607 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CPS. Zacks Research upgraded Cooper-Standard to a "hold" rating in a report on Friday, August 22nd. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cooper-Standard in a research note on Saturday, September 27th. Finally, Stifel Nicolaus initiated coverage on shares of Cooper-Standard in a report on Thursday, August 21st. They issued a "buy" rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.50.

Cooper-Standard Stock Performance

The stock's 50 day simple moving average is $33.60 and its 200-day simple moving average is $24.67. The firm has a market cap of $631.44 million, a price-to-earnings ratio of 22.10 and a beta of 2.63.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced 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 company had revenue of $705.97 million for the quarter, compared to analysts' expectations of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fiduciary Alliance LLC lifted its holdings in shares of Cooper-Standard by 15.2% during the second quarter. Fiduciary Alliance LLC now owns 484,741 shares of the auto parts company's stock worth $10,422,000 after purchasing an additional 64,105 shares during the period. Geode Capital Management LLC lifted its stake in Cooper-Standard by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company's stock valued at $8,702,000 after acquiring an additional 1,298 shares during the period. Millennium Management LLC lifted its stake in Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock valued at $4,765,000 after acquiring an additional 147,209 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Cooper-Standard by 4.1% in the 2nd quarter. Raymond James Financial Inc. now owns 231,920 shares of the auto parts company's stock valued at $4,986,000 after acquiring an additional 9,204 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Cooper-Standard by 24.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company's stock worth $3,425,000 after acquiring an additional 43,979 shares during the period. Institutional investors and hedge funds own 69.11% of the company's stock.

About Cooper-Standard

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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