Cooper Tire & Rubber Co (CTB) Receives Consensus Rating of “Hold” from Analysts

Cooper Tire & Rubber Co (NYSE:CTB) has been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.57.

Several research analysts have recently issued reports on the company. Northcoast Research raised Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. Longbow Research downgraded Cooper Tire & Rubber from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Tuesday, March 13th. ValuEngine downgraded Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, February 22nd. Finally, TheStreet downgraded Cooper Tire & Rubber from a “b” rating to a “c” rating in a research note on Tuesday, February 20th.

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In related news, Director Robert D. Welding bought 1,500 shares of Cooper Tire & Rubber stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $32.30 per share, for a total transaction of $48,450.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $96,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.74% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CTB. First Trust Advisors LP boosted its holdings in Cooper Tire & Rubber by 20.1% in the third quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock valued at $2,111,000 after acquiring an additional 9,465 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Cooper Tire & Rubber in the third quarter valued at approximately $299,000. Sei Investments Co. boosted its holdings in Cooper Tire & Rubber by 2.3% in the third quarter. Sei Investments Co. now owns 72,612 shares of the company’s stock valued at $2,715,000 after acquiring an additional 1,660 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Cooper Tire & Rubber by 3.2% in the third quarter. New York State Common Retirement Fund now owns 58,600 shares of the company’s stock valued at $2,192,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Cooper Tire & Rubber by 224.8% in the third quarter. Comerica Bank now owns 135,181 shares of the company’s stock valued at $4,353,000 after acquiring an additional 93,565 shares during the last quarter.

NYSE CTB traded down $0.05 during trading on Friday, hitting $29.30. 1,105,883 shares of the company’s stock were exchanged, compared to its average volume of 690,233. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The company has a market cap of $1,488.38, a price-to-earnings ratio of 9.45 and a beta of 0.38. Cooper Tire & Rubber has a fifty-two week low of $28.20 and a fifty-two week high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last issued its earnings results on Tuesday, February 20th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.12). Cooper Tire & Rubber had a return on equity of 13.71% and a net margin of 3.34%. The business had revenue of $757.04 million for the quarter, compared to analyst estimates of $750.97 million. During the same period in the previous year, the firm posted $1.30 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. sell-side analysts predict that Cooper Tire & Rubber will post 3.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 1st were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, February 28th. Cooper Tire & Rubber’s payout ratio is presently 13.55%.

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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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