Cooper-Standard (NYSE:CPS) Shares Pass Below 200 Day Moving Average - What's Next?

Key Points

• Cooper-Standard shares fell below their 200-day moving average of $29.17, reaching as low as $23.04 and last trading near $23.42. The stock’s market capitalization is approximately $416 million.
• Analyst sentiment has weakened, with recent downgrades from Zacks Research and Weiss Ratings. The stock carries a consensus “Reduce” rating, with an average price target of $48.33.
• Cooper-Standard reported a quarterly loss of $0.13 per share, missing the $0.54 consensus estimate, although revenue of $721.35 million exceeded forecasts. Institutional investors own approximately 69.11% of the company’s stock.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.17 and traded as low as $23.04. Cooper-Standard shares last traded at $23.4220, with a volume of 233,895 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on CPS shares. Stifel Nicolaus dropped their price objective on Cooper-Standard from $55.00 to $53.00 and set a "buy" rating for the company in a report on Monday, July 20th. Weiss Ratings cut Cooper-Standard from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, August 31st. Finally, Zacks Research downgraded Cooper-Standard from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $48.33.

Cooper-Standard Price Performance

The business's 50-day simple moving average is $27.65 and its two-hundred day simple moving average is $29.17. The stock has a market capitalization of $416.21 million, a price-to-earnings ratio of -7.46 and a beta of 2.01.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Thursday, August 6th. The auto parts company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.67). The firm had revenue of $721.35 million for the quarter, compared to analyst estimates of $708.90 million. As a group, sell-side analysts expect that Cooper-Standard Holdings Inc. will post 2.71 EPS for the current year.

Institutional Investors Weigh In On Cooper-Standard

A number of large investors have recently modified their holdings of the stock. Squarepoint Ops LLC raised its holdings in shares of Cooper-Standard by 5.8% during the 2nd quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company's stock valued at $1,953,000 after buying an additional 3,942 shares during the period. California State Teachers Retirement System grew its position in Cooper-Standard by 599.9% in the second quarter. California State Teachers Retirement System now owns 6,411 shares of the auto parts company's stock valued at $173,000 after acquiring an additional 5,495 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Cooper-Standard during the second quarter valued at approximately $205,000. Empowered Funds LLC purchased a new stake in shares of Cooper-Standard during the second quarter valued at approximately $3,867,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Cooper-Standard during the second quarter worth $540,000. Institutional investors and hedge funds own 69.11% of the company's stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc is a global automotive supplier headquartered in Northville, Michigan. Through its operating businesses, the company develops and manufactures systems and components used by original equipment manufacturers and other customers in the automotive and transportation industries.

Its principal products include fluid-handling systems for fuel, brake, and thermal-management applications; sealing systems such as door, window, trunk, and hood seals; and anti-vibration and related engineered components.

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