Cooper Tire & Rubber (CTB) Rating Increased to Buy at Northcoast Research

Cooper Tire & Rubber (NYSE:CTB) was upgraded by stock analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Jefferies Group reaffirmed a “hold” rating and set a $35.00 price target on shares of Cooper Tire & Rubber in a report on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a report on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and set a $42.00 price target on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. B. Riley reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a report on Monday, December 11th. Finally, ValuEngine raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.86.

Shares of Cooper Tire & Rubber (NYSE:CTB) opened at $38.75 on Wednesday. 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 $1,990.00, a price-to-earnings ratio of 9.99 and a beta of 0.07. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.24.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share (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 quarter last year, the firm posted $1.04 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. equities research analysts expect that Cooper Tire & Rubber will post 3.22 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Cooper Tire & Rubber by 20.1% during the third quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock worth $2,111,000 after buying an additional 9,465 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cooper Tire & Rubber by 29.5% during the third quarter. American Century Companies Inc. now owns 317,017 shares of the company’s stock worth $11,856,000 after buying an additional 72,195 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cooper Tire & Rubber by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after buying an additional 20,738 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Cooper Tire & Rubber by 1,109.8% during the third quarter. Russell Investments Group Ltd. now owns 522,894 shares of the company’s stock worth $19,556,000 after buying an additional 479,671 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Cooper Tire & Rubber during the third quarter worth $299,000.

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About Cooper Tire & Rubber

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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