Cooper-Standard (NYSE:CPS) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Cooper-Standard Holdings Inc. (NYSE:CPS)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.88 and traded as low as $28.42. Cooper-Standard shares last traded at $29.5190, with a volume of 142,720 shares changing hands.

Analyst Upgrades and Downgrades

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

Cooper-Standard Trading Up 4.1%

The firm has a market capitalization of $524.11 million, a P/E ratio of -13.54 and a beta of 1.97. The firm has a 50-day moving average of $29.66 and a two-hundred day moving average of $31.88.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $686.36 million during the quarter, compared to analyst estimates of $660.00 million. On average, sell-side analysts anticipate that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in Cooper-Standard by 53.4% in the 1st quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock worth $342,000 after purchasing an additional 4,275 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Cooper-Standard by 60.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 19,981 shares of the auto parts company’s stock worth $557,000 after purchasing an additional 7,566 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Cooper-Standard by 15.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock worth $8,662,000 after purchasing an additional 41,797 shares in the last quarter. Sei Investments Co. increased its holdings in Cooper-Standard by 200.8% in the 1st 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Cooper-Standard by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock worth $11,376,000 after purchasing an additional 23,620 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.