Cooper-Standard (NYSE:CPS) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares fell below its 200-day moving average: Cooper-Standard dipped under the $32.82 200-day MA, trading as low as $29.55 and last around $29.71, with a market cap of ~$527.3M and a negative P/E of -123.77.
• Analyst views are mixed but leaning neutral: the consensus rating is Hold with a $49.33 consensus price target, while individual notes range from sell downgrades to buy ratings and raised targets.
• The company reported an EPS loss of $1.73 (missing estimates) despite revenue topping forecasts, and a director recently bought 3,391 shares at about $29.77 as insiders now own roughly 9.2% of the stock.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.82 and traded as low as $29.55. Cooper-Standard shares last traded at $29.7050, with a volume of 185,090 shares.

Analysts Set New Price Targets

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

Cooper-Standard Stock Performance

The business has a fifty day moving average price of $33.12 and a 200 day moving average price of $32.82. The company has a market capitalization of $527.26 million, a PE ratio of -123.77 and a beta of 2.00.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The company had revenue of $672.37 million during the quarter, compared to analyst estimates of $641.51 million.

Insider Transactions at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola acquired 3,391 shares of the company's stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $29.77 per share, for a total transaction of $100,950.07. Following the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 6,885 shares of company stock worth $208,144. 9.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors grew its position in shares of Cooper-Standard by 0.5% in the 4th quarter. Arkadios Wealth Advisors now owns 50,748 shares of the auto parts company's stock worth $1,666,000 after acquiring an additional 231 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Cooper-Standard by 4.8% in the 4th quarter. Intech Investment Management LLC now owns 6,810 shares of the auto parts company's stock worth $224,000 after acquiring an additional 312 shares in the last quarter. Cerity Partners LLC grew its position in shares of Cooper-Standard by 3.3% in the 4th quarter. Cerity Partners LLC now owns 9,951 shares of the auto parts company's stock worth $327,000 after acquiring an additional 320 shares in the last quarter. Deutsche Bank AG grew its position in shares of Cooper-Standard by 1.0% in the 4th quarter. Deutsche Bank AG now owns 52,625 shares of the auto parts company's stock worth $1,728,000 after acquiring an additional 544 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position 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 worth $39,000 after acquiring an additional 682 shares in the last quarter. Institutional investors and hedge funds 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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