Cooper-Standard (NYSE:CPS) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Cooper-Standard Holdings Inc. (NYSE:CPS)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $29.62 and traded as high as $31.37. Cooper-Standard shares last traded at $31.0930, with a volume of 142,586 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPS. Citigroup lifted their price objective on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Stifel Nicolaus cut their target price on shares of Cooper-Standard to $55.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cooper-Standard in a research note on Friday, May 22nd. Finally, Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.33.

Cooper-Standard Stock Down 5.1%

The business’s fifty day moving average is $29.60 and its two-hundred day moving average is $31.92. The stock has a market capitalization of $520.25 million, a PE ratio of -13.44 and a beta of 1.97.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The company had revenue of $686.36 million for the quarter, compared to analysts’ expectations of $660.00 million. Sell-side analysts expect that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Insider Buying and Selling at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola bought 3,391 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $29.77 per share, with a total value of $100,950.07. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at $744,250. This trade represents a 15.69% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 6,885 shares of company stock valued at $208,144 over the last ninety days. Company insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Cooper-Standard by 3.1% during the third quarter. Vanguard Group Inc. now owns 976,604 shares of the auto parts company’s stock worth $36,066,000 after buying an additional 29,800 shares during the period. Fiduciary Alliance LLC boosted its stake in Cooper-Standard by 0.5% during the first quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock worth $15,376,000 after buying an additional 2,598 shares during the period. Great Hill Capital LLC purchased a new position in Cooper-Standard during the third quarter worth $16,036,000. Geode Capital Management LLC boosted its stake in Cooper-Standard by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 422,689 shares of the auto parts company’s stock worth $13,880,000 after buying an additional 13,143 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Cooper-Standard by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock worth $11,376,000 after buying an additional 23,620 shares during the period. 69.11% of the stock is owned by hedge funds and other institutional investors.

Cooper-Standard Company Profile

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.