Cooper Tire & Rubber Company (CTB) Given Average Rating of “Hold” by Analysts

Shares of Cooper Tire & Rubber Company (NYSE:CTB) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $44.60.

CTB has been the subject of several analyst reports. BidaskClub downgraded Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. FBR & Co reaffirmed a “buy” rating and set a $53.00 target price on shares of Cooper Tire & Rubber in a report on Tuesday, September 5th. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, July 24th. Deutsche Bank AG upped their target price on Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 target price on shares of Cooper Tire & Rubber in a report on Sunday, September 10th.

Shares of Cooper Tire & Rubber (NYSE:CTB) traded up $0.10 during midday trading on Friday, hitting $33.95. The stock had a trading volume of 471,793 shares, compared to its average volume of 845,666. Cooper Tire & Rubber has a twelve month low of $31.55 and a twelve month high of $44.50. The stock has a market capitalization of $1,740.74, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.10 and a beta of -0.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67.

Cooper Tire & Rubber (NYSE:CTB) last announced its earnings results on Monday, October 30th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. The business had revenue of $733.80 million during the quarter, compared to the consensus estimate of $779.02 million. During the same period in the prior year, the business posted $1.04 earnings per share. Cooper Tire & Rubber’s revenue was down 2.3% compared to the same quarter last year. research analysts anticipate that Cooper Tire & Rubber will post 3.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio is currently 10.82%.

Institutional investors have recently made changes to their positions in the stock. Cipher Capital LP lifted its stake in Cooper Tire & Rubber by 679.0% in the 2nd quarter. Cipher Capital LP now owns 45,647 shares of the company’s stock worth $1,648,000 after acquiring an additional 39,787 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cooper Tire & Rubber by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after purchasing an additional 20,738 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Cooper Tire & Rubber by 39.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock worth $37,817,000 after purchasing an additional 296,340 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of Cooper Tire & Rubber by 2.6% during the 2nd quarter. Federated Investors Inc. PA now owns 152,705 shares of the company’s stock worth $5,513,000 after purchasing an additional 3,871 shares in the last quarter. Finally, Icon Advisers Inc. Co. purchased a new stake in shares of Cooper Tire & Rubber during the 2nd quarter worth about $282,000.

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Cooper Tire & Rubber Company Profile

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.

Analyst Recommendations for Cooper Tire & Rubber (NYSE:CTB)

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