Cooper-Standard (NYSE:CPS) Share Price Passes Below 200-Day Moving Average - What's Next?

Key Points

• Cooper-Standard fell below its 200-day moving average of $32.61, trading as low as $30.55 and last at $32.1450, signaling short-term technical weakness.
• Analyst opinions are mixed — the stock's consensus rating is Hold with an average target price of $49.33, while individual ratings range from sell to buy.
• Fundamentals show a large Q4 EPS miss (‑$1.73 vs. est. ‑$0.95) despite a revenue beat, but insiders bought shares (a director purchased 3,391 shares at $29.77), indicating some insider confidence.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.61 and traded as low as $30.55. Cooper-Standard shares last traded at $32.1450, with a volume of 93,778 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Cooper-Standard from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 30th. Citigroup increased their price target on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a "neutral" rating in a research report on Wednesday, February 18th. Weiss Ratings cut shares of Cooper-Standard from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, February 9th. Stifel Nicolaus reduced their price target on shares of Cooper-Standard to $55.00 and set a "buy" rating on the stock in a research report 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 analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $49.33.

Cooper-Standard Stock Up 4.5%

The stock has a market cap of $570.57 million, a P/E ratio of -133.94 and a beta of 2.00. The firm's fifty day moving average price is $32.51 and its 200-day moving average price is $32.61.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Friday, February 13th. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million for the quarter, compared to analysts' expectations of $641.51 million. Sell-side analysts predict that Cooper-Standard Holdings Inc. will post 2.72 earnings per share for the current year.

Insider Buying and Selling

In other Cooper-Standard news, Director David John Mastrocola purchased 3,391 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $29.77 per share, with a total value of $100,950.07. Following the completion of the purchase, the director directly owned 25,000 shares of the company's stock, valued at $744,250. The trade was a 15.69% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 6,885 shares of company stock valued at $208,144 over the last ninety days. Company insiders own 9.20% of the company's stock.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in Cooper-Standard in the third quarter worth $30,000. New York State Teachers Retirement System purchased a new stake in Cooper-Standard in the third quarter worth $57,000. Geneos Wealth Management Inc. lifted its stake in Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company's stock worth $39,000 after acquiring an additional 682 shares during the period. Tower Research Capital LLC TRC lifted its stake in Cooper-Standard by 136.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company's stock worth $53,000 after acquiring an additional 1,432 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Cooper-Standard by 101.4% in the third quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company's stock worth $122,000 after acquiring an additional 1,658 shares during the period. Hedge funds and other institutional investors own 69.11% of the company's stock.

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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