Cooper-Standard (NYSE:CPS) Stock Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Cooper-Standard (CPS) shares fell below their 50‑day moving average, trading as low as $28.13 versus the 50‑day MA of $33.53 on Monday (volume ~124,693 shares).
• Analysts are mixed but the consensus is a "Hold" with a consensus price target of $43.33 (one Buy, two Hold, one Sell); several firms have recently adjusted ratings and targets both higher and lower.
• The company recently missed quarterly EPS (reported -$1.73 vs. -$0.95 est.), while insiders have been buying shares (director purchased 3,391 shares), and insiders/ institutions own a large portion of the stock (insiders 8.8%, institutions ~69.1%).

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $33.53 and traded as low as $28.00. Cooper-Standard shares last traded at $28.1260, with a volume of 124,693 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CPS shares. Zacks Research raised Cooper-Standard from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 30th. Wall Street Zen downgraded Cooper-Standard from a "buy" rating to a "hold" rating in a report on Sunday, March 29th. Stifel Nicolaus boosted their target price on Cooper-Standard from $41.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, December 16th. Weiss Ratings downgraded Cooper-Standard from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, February 9th. Finally, Citigroup boosted their target price on Cooper-Standard from $35.00 to $43.65 and gave the stock a "neutral" rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.33.

Cooper-Standard Price Performance

The company has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $33.18. The stock has a market cap of $496.14 million, a PE ratio of -117.19 and a beta of 2.00.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results on Friday, February 13th. The auto parts company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million during the quarter, compared to analysts' expectations of $641.51 million.

Insider Buying and Selling at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola purchased 3,391 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $29.77 per share, for a total transaction 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. This trade represents a 15.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 6,885 shares of company stock valued at $208,144 in the last three months. 8.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new stake in Cooper-Standard during the third quarter valued at $669,000. Great Hill Capital LLC purchased a new stake in Cooper-Standard during the third quarter valued at $16,036,000. Osaic Holdings Inc. increased its position in Cooper-Standard by 42.0% during the second quarter. Osaic Holdings Inc. now owns 85,593 shares of the auto parts company's stock valued at $1,840,000 after acquiring an additional 25,318 shares during the last quarter. EVR Research LP purchased a new stake in Cooper-Standard during the third quarter valued at $6,463,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Cooper-Standard during the third quarter valued at $517,000. Hedge funds and other institutional investors own 69.11% of the company's stock.

Cooper-Standard Company Profile

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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