Cooper-Standard (NYSE:CPS) Announces Earnings Results

Cooper-Standard (NYSE:CPS) announced its earnings results on Wednesday. The auto parts company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.85), Zacks reports.

Cooper-Standard Price Performance

Shares of CPS stock traded up $1.49 on Wednesday, hitting $22.02. The stock had a trading volume of 444,992 shares, compared to its average volume of 215,928. The business has a 50 day moving average of $22.65 and a 200 day moving average of $28.58. Cooper-Standard has a 12-month low of $19.22 and a 12-month high of $47.98. The stock has a market cap of $391.38 million, a price-to-earnings ratio of -7.01 and a beta of 2.03.

Analysts Set New Price Targets

Several brokerages recently issued reports on CPS. Stifel Nicolaus decreased their price target on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Weiss Ratings raised shares of Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, October 27th. Finally, Zacks Research lowered Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $37.83.

About Cooper-Standard

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.