Cooper-Standard (NYSE:CPS) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $32.10 and traded as low as $30.59. Cooper-Standard shares last traded at $31.33, with a volume of 142,075 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Citigroup boosted their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, December 15th. Weiss Ratings lowered shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Wall Street Zen cut Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cooper-Standard currently has a consensus rating of “Hold” and an average price target of $39.00.

Cooper-Standard Stock Performance

The company’s 50 day moving average price is $32.10 and its 200-day moving average price is $32.08. The company has a market cap of $552.66 million, a price-to-earnings ratio of 17.21 and a beta of 1.96.

Cooper-Standard (NYSE:CPS) last released its earnings results on Friday, October 31st. 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 for the quarter, compared to analyst estimates of $698.83 million.

Insider Activity

In related news, Director David John Mastrocola bought 2,000 shares of Cooper-Standard stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $29.05 per share, with a total value of $58,100.00. Following the completion of the acquisition, the director directly owned 18,115 shares in the company, valued at approximately $526,240.75. This trade represents a 12.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.80% of the stock is owned by company insiders.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently bought and sold shares of the stock. Great Hill Capital LLC acquired a new position in shares of Cooper-Standard in the third quarter worth about $16,036,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Cooper-Standard by 336.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 274,642 shares of the auto parts company’s stock valued at $10,143,000 after acquiring an additional 211,768 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Cooper-Standard in the 2nd quarter valued at approximately $3,798,000. EVR Research LP acquired a new position in Cooper-Standard in the 3rd quarter worth approximately $6,463,000. Finally, Millennium Management LLC lifted its holdings in shares of Cooper-Standard by 89.9% in the first quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock valued at $4,765,000 after purchasing an additional 147,209 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

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.