Cooper-Standard (NYSE:CPS) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Cooper-Standard shares fell below their 200-day moving average, trading near $26.50 versus the $30.48 technical benchmark, signaling negative momentum.
• Analyst sentiment is generally bearish: the stock has an average “Reduce” rating, a $48.33 price target, and ratings ranging from Buy to Strong Sell.
• The company missed quarterly EPS expectations, reporting a loss of $0.13 per share versus consensus for $0.54, although revenue of $721.35 million exceeded estimates.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.48 and traded as low as $26.46. Cooper-Standard shares last traded at $26.5040, with a volume of 187,741 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CPS. Stifel Nicolaus decreased their price target on shares of Cooper-Standard from $55.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Cooper-Standard from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Finally, Zacks Research downgraded shares of Cooper-Standard from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $48.33.

Cooper-Standard Stock Performance

The firm's 50 day moving average is $28.33 and its 200 day moving average is $30.48. The stock has a market cap of $470.98 million, a P/E ratio of -8.44 and a beta of 2.00.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The auto parts company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.67). The company had revenue of $721.35 million during the quarter, compared to the consensus estimate of $708.90 million. As a group, analysts expect that Cooper-Standard Holdings Inc. will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Cooper-Standard

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its position in shares of Cooper-Standard by 15.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company's stock worth $8,662,000 after acquiring an additional 41,797 shares in the last quarter. Waystone Advisors LLC acquired a new position in Cooper-Standard in the fourth quarter valued at $1,482,000. EVR Research LP boosted its stake in Cooper-Standard by 114.3% in the fourth quarter. EVR Research LP now owns 375,000 shares of the auto parts company's stock valued at $12,311,000 after acquiring an additional 200,000 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Cooper-Standard by 200.8% during the first quarter. Sei Investments Co. now owns 35,113 shares of the auto parts company's stock worth $979,000 after purchasing an additional 23,440 shares during the last quarter. Finally, Hodges Capital Management Inc. purchased a new position in shares of Cooper-Standard during the first quarter worth about $2,164,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

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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