Cooper-Standard (NYSE:CPS – Get Free Report) released its quarterly earnings data on Wednesday. The auto parts company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.85), Zacks reports. The business had revenue of $708.59 million during the quarter, compared to analysts’ expectations of $704.13 million.
Cooper-Standard Stock Performance
Shares of NYSE:CPS opened at $17.90 on Friday. Cooper-Standard has a 12-month low of $17.15 and a 12-month high of $47.98. The business has a 50 day moving average of $22.39 and a 200-day moving average of $28.45.
Analyst Ratings Changes
A number of research firms recently weighed in on CPS. Zacks Research cut Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Stifel Nicolaus reduced their price objective 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Cooper-Standard currently has an average rating of “Reduce” and a consensus target price of $37.83.
View Our Latest Stock Analysis on Cooper-Standard
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.
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