Cooper-Standard (NYSE:CPS) Share Price Passes Below 200 Day Moving Average After Earnings Miss

Key Points

• Earnings miss: Cooper‑Standard reported EPS of ($0.29) vs. ($0.16) expected (a $0.13 miss), and the stock slipped below its 200‑day moving average of $32.49, trading as low as $30.62 and last at $30.95.
• Analyst sentiment is mixed-to-negative with a MarketBeat consensus rating of "Reduce" (consensus target $49.33) after multiple downgrades and divergent price‑target revisions from firms like Zacks, Weiss, Stifel and Citi.
• Insider buying: Director David J. Mastrocola purchased 3,391 shares at $29.77, raising his stake to 25,000 shares; insiders now own about 9.20% of the company.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) crossed below its 200-day moving average during trading on Wednesday following a dissappointing earnings announcement. The stock has a 200-day moving average of $32.49 and traded as low as $30.62. Cooper-Standard shares last traded at $30.95, with a volume of 288,109 shares.

The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.13).

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus dropped their target price on Cooper-Standard to $55.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Citigroup lifted their target price on Cooper-Standard from $35.00 to $43.65 and gave the company a "neutral" rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded Cooper-Standard from a "buy" rating to a "hold" rating in a research report on Sunday, March 29th. Zacks Research downgraded Cooper-Standard from a "hold" rating to a "strong sell" rating in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded Cooper-Standard from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cooper-Standard presently has a consensus rating of "Reduce" and a consensus target price of $49.33.

Insiders Place Their Bets

In other news, Director David John Mastrocola bought 3,391 shares of the company's stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $29.77 per share, with a total value of $100,950.07. Following the transaction, the director directly owned 25,000 shares in the company, valued at $744,250. The trade was a 15.69% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders bought 6,885 shares of company stock valued at $208,144. Insiders own 9.20% of the company's stock.

Hedge Funds Weigh In On Cooper-Standard

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in shares of Cooper-Standard in the 3rd quarter valued at about $30,000. New York State Teachers Retirement System purchased a new position in shares of Cooper-Standard in the 3rd quarter valued at about $57,000. Geneos Wealth Management Inc. boosted its stake in shares of Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company's stock valued at $39,000 after buying an additional 682 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of 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 period. Finally, BNP Paribas Financial Markets boosted its stake in shares of 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 period. Hedge funds and other institutional investors own 69.11% of the company's stock.

Cooper-Standard Trading Up 2.1%

The firm has a 50 day moving average price of $31.19 and a 200-day moving average price of $32.49. The firm has a market cap of $549.36 million, a PE ratio of -128.96 and a beta of 2.00.

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.

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