Cooper-Standard (NYSE:CPS) Trading Down 9.4% – What’s Next?

Cooper-Standard Holdings Inc. (NYSE:CPS) shares fell 9.4% during trading on Wednesday . The company traded as low as $40.65 and last traded at $39.5310. 111,677 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 234,019 shares. The stock had previously closed at $43.63.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Citigroup increased their price target on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings cut shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Stifel Nicolaus lifted their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen upgraded Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Cooper-Standard has an average rating of “Hold” and an average price target of $43.33.

Cooper-Standard Stock Down 10.7%

The stock has a market cap of $687.00 million, a PE ratio of -162.30 and a beta of 1.94. The stock has a fifty day moving average of $33.76 and a 200-day moving average of $33.38.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, February 12th. The auto parts company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The business had revenue of $672.37 million during the quarter, compared to the consensus estimate of $641.51 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Cooper-Standard in the 2nd quarter valued at approximately $3,798,000. Y Intercept Hong Kong Ltd acquired a new position in Cooper-Standard during the second quarter worth $1,261,000. Balentine LLC purchased a new position in Cooper-Standard in the second quarter worth $207,000. Osaic Holdings Inc. lifted its holdings in Cooper-Standard by 42.0% in the second quarter. Osaic Holdings Inc. now owns 85,593 shares of the auto parts company’s stock valued at $1,840,000 after acquiring an additional 25,318 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Cooper-Standard during the 3rd quarter worth $30,000. 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.