Cooper-Standard (NYSE:CPS) Issues Quarterly Earnings Results, Misses Estimates By $0.85 EPS

Cooper-Standard (NYSE:CPS) posted its quarterly earnings data 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 Trading Up 7.2%

Shares of NYSE CPS traded up $1.49 during midday trading on Wednesday, hitting $22.02. The company’s stock had a trading volume of 444,992 shares, compared to its average volume of 215,928. The stock has a fifty day moving average price of $22.65 and a 200 day moving average price of $28.58. The firm has a market capitalization of $391.38 million, a price-to-earnings ratio of -7.01 and a beta of 2.03. Cooper-Standard has a one year low of $19.22 and a one year high of $47.98.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research cut shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Stifel Nicolaus decreased their price target on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Finally, Weiss Ratings raised 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target 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.