Media stories about Cooper Tire & Rubber Co (NYSE:CTB) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cooper Tire & Rubber Co earned a news sentiment score of 0.03 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 32 out of 100, indicating that recent media coverage is unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Alpha One’s scoring:
- Cooper Tire & Rubber Company : to Release First Quarter 2017 Financial Results April 27 (4-traders.com)
- Northcoast Research Equities Analysts Lift Earnings Estimates for Cooper Tire & Rubber Co (CTB) (americanbankingnews.com)
- Research Analysts Set Expectations for Cooper Tire & Rubber Co’s FY2017 Earnings (CTB) (americanbankingnews.com)
- $0.64 Earnings Per Share Expected for Cooper Tire & Rubber Co (CTB) This Quarter (americanbankingnews.com)
- Northcoast cools off on Cooper Tire & Rubber (seekingalpha.com)
A number of brokerages have recently issued reports on CTB. Northcoast Research downgraded Cooper Tire & Rubber Co from a “buy” rating to a “neutral” rating in a research report on Tuesday. Zacks Investment Research downgraded Cooper Tire & Rubber Co from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. JPMorgan Chase & Co. raised Cooper Tire & Rubber Co from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $51.00 in a research report on Tuesday, March 14th. Finally, FBR & Co reaffirmed a “positive” rating and set a $48.00 price target on shares of Cooper Tire & Rubber Co in a research report on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.00.
Cooper Tire & Rubber Co (NYSE:CTB) traded down 1.49% during trading on Friday, hitting $43.00. The company had a trading volume of 664,789 shares. The firm’s 50 day moving average is $42.80 and its 200-day moving average is $38.89. The stock has a market capitalization of $2.26 billion and a price-to-earnings ratio of 9.53. Cooper Tire & Rubber Co has a 52-week low of $29.29 and a 52-week high of $44.50.
Cooper Tire & Rubber Co (NYSE:CTB) last released its quarterly earnings data on Friday, February 17th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.34. The firm had revenue of $783.89 million for the quarter, compared to the consensus estimate of $767.36 million. Cooper Tire & Rubber Co had a net margin of 8.17% and a return on equity of 23.13%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, equities analysts forecast that Cooper Tire & Rubber Co will post $3.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Thursday, March 2nd were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, February 28th. Cooper Tire & Rubber Co’s dividend payout ratio is currently 9.86%.
In related news, VP Stephen Zamansky sold 14,041 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $40.37, for a total transaction of $566,835.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by insiders.
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About Cooper Tire & Rubber Co
Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.
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