Cooper-Standard (NYSE:CPS) Shares Gap Down After Earnings Miss

Cooper-Standard Holdings Inc. (NYSE:CPS) gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $35.77, but opened at $32.44. Cooper-Standard shares last traded at $31.6920, with a volume of 331,525 shares traded.

The auto parts company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.74). The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $698.83 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CPS shares. Stifel Nicolaus increased their price target on Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 20th. Zacks Research raised Cooper-Standard from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cooper-Standard in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Cooper-Standard from a “strong-buy” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Cooper-Standard presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen LLC purchased a new position in Cooper-Standard in the first quarter valued at $938,000. Walleye Capital LLC purchased a new position in Cooper-Standard in the first quarter valued at $1,093,000. Algert Global LLC purchased a new position in Cooper-Standard in the first quarter valued at $257,000. Nisa Investment Advisors LLC boosted its holdings in Cooper-Standard by 11,273.9% in the first 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 period. Finally, Goldman Sachs Group Inc. boosted its holdings in Cooper-Standard by 21.9% in the first quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company’s stock valued at $3,286,000 after purchasing an additional 38,489 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Cooper-Standard Stock Down 15.2%

The stock has a market capitalization of $534.81 million, a PE ratio of 18.72 and a beta of 2.63. The stock has a fifty day moving average of $36.42 and a 200-day moving average of $27.31.

Cooper-Standard Company Profile

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.