Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.18 and traded as high as $24.05. Cooper-Standard shares last traded at $23.40, with a volume of 192,777 shares traded.
Analyst Ratings Changes
CPS has been the topic of several research analyst reports. Citigroup initiated coverage on Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price objective on the stock. Wall Street Zen lowered Cooper-Standard from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 29th.
View Our Latest Analysis on Cooper-Standard
Cooper-Standard Price Performance
The company has a 50-day simple moving average of $22.72 and a two-hundred day simple moving average of $17.25. The stock has a market capitalization of $422.66 million, a price-to-earnings ratio of -9.12 and a beta of 2.79.
Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million during the quarter, compared to analyst estimates of $670.00 million.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Cooper-Standard during the fourth quarter valued at $2,522,000. Millennium Management LLC increased its holdings in shares of Cooper-Standard by 449.7% during the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after purchasing an additional 134,008 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in Cooper-Standard by 11.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock worth $4,607,000 after acquiring an additional 33,631 shares during the period. Marshall Wace LLP acquired a new position in Cooper-Standard during the fourth quarter worth about $456,000. Finally, Ameriprise Financial Inc. acquired a new position in Cooper-Standard during the fourth quarter worth about $239,000. 69.11% of the stock is owned by institutional investors and hedge funds.
About Cooper-Standard
(
Get Free Report)
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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