Cooper-Standard (NYSE:CPS – Get Free Report) issued its earnings results on Wednesday. The auto parts company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.85), Zacks reports.
Cooper-Standard Price Performance
Shares of CPS stock traded up $1.49 during trading hours on Wednesday, reaching $22.02. The company had a trading volume of 444,992 shares, compared to its average volume of 296,234. Cooper-Standard has a twelve month low of $19.22 and a twelve month high of $47.98. The stock’s fifty day simple moving average is $22.56 and its 200 day simple moving average is $28.52.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CPS. Zacks Research cut Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Stifel Nicolaus dropped their target price on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Finally, Weiss Ratings upgraded shares of Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $37.83.
Cooper-Standard Company Profile
Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.
Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.
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