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Cooper-Standard (NYSE:CPS) Posts Earnings Results, Misses Expectations By $0.68 EPS
['Ethan Ryder']
Ticker Report
The auto parts company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.68), Zacks reports.
Cooper-Standard Stock Up 0.7%Shares of NYSE:CPS traded up $0.22 on Wednesday, hitting $30.98.
Vanguard Group Inc. now owns 976,604 shares of the auto parts company’s stock worth $36,066,000 after buying an additional 29,800 shares during the period.
Hedge funds and other institutional investors own 69.11% of the company’s stock.
According to data from MarketBeat.com, Cooper-Standard has an average rating of “Reduce” and an average price target of $48.33.