Cooper-Standard (NYSE:CPS) Trading Down 4.9% - Here's What Happened

Key Points

• Cooper-Standard's stock fell 4.9% on Tuesday, trading at $34.09 after declining significantly in volume, with only 54,528 shares traded compared to the average of 272,995 shares.
• The company received multiple ratings updates, including an upgrade from "buy" to "strong-buy" by Wall Street Zen and a consensus rating of "Hold" with a target price of $25.50.
• Cooper-Standard reported $0.06 EPS for the last quarter, exceeding expectations, with revenues of $705.97 million against analysts' forecasts of $687 million.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report)'s stock price traded down 4.9% during trading on Tuesday . The stock traded as low as $34.20 and last traded at $34.09. 54,528 shares were traded during trading, a decline of 80% from the average session volume of 272,995 shares. The stock had previously closed at $35.84.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Zacks Research upgraded shares of Cooper-Standard to a "hold" rating in a research note on Friday, August 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Cooper-Standard in a report on Saturday, September 27th. Finally, Stifel Nicolaus began coverage on shares of Cooper-Standard in a report on Thursday, August 21st. They issued a "buy" rating and a $39.00 price objective on the stock. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.50.

Cooper-Standard Trading Down 5.9%

The business has a 50-day moving average price of $33.60 and a 200-day moving average price of $24.67. The stock has a market cap of $594.57 million, a PE ratio of 20.79 and a beta of 2.63.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The auto parts company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The company had revenue of $705.97 million for the quarter, compared to analysts' expectations of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Trading of Cooper-Standard

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings 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 valued at $39,000 after purchasing an additional 682 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Cooper-Standard by 11,273.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 2,593 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Cooper-Standard by 136.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company's stock worth $53,000 after buying an additional 1,432 shares during the period. US Bancorp DE raised its holdings in shares of Cooper-Standard by 86.9% in the 1st quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock worth $67,000 after purchasing an additional 2,046 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Cooper-Standard in the 1st quarter worth about $74,000. Institutional investors and hedge funds own 69.11% of the company's stock.

About Cooper-Standard

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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