Cooper Tire & Rubber (CTB) Upgraded at TheStreet

Cooper Tire & Rubber (NYSE:CTB) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Wednesday.

Other analysts have also recently issued reports about the company. Longbow Research reaffirmed a “hold” rating on shares of Cooper Tire & Rubber in a research report on Monday, August 6th. Northcoast Research set a $38.00 price objective on Cooper Tire & Rubber and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine raised Cooper Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 7th. Wolfe Research raised Cooper Tire & Rubber from an “underperform” rating to a “market perform” rating in a research report on Monday, November 12th. Finally, Zacks Investment Research raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $39.60.

Shares of NYSE CTB opened at $33.80 on Wednesday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 10.90, a PEG ratio of 4.10 and a beta of 0.57. The company has a quick ratio of 1.59, a current ratio of 2.55 and a debt-to-equity ratio of 0.24. Cooper Tire & Rubber has a 52-week low of $22.58 and a 52-week high of $40.78.

Cooper Tire & Rubber (NYSE:CTB) last announced its earnings results on Monday, October 29th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.62. The firm had revenue of $737.70 million during the quarter, compared to analysts’ expectations of $748.54 million. Cooper Tire & Rubber had a return on equity of 8.58% and a net margin of 1.25%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. As a group, research analysts forecast that Cooper Tire & Rubber will post 2.08 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. BancorpSouth Bank lifted its position in Cooper Tire & Rubber by 12.0% during the 2nd quarter. BancorpSouth Bank now owns 16,512 shares of the company’s stock worth $434,000 after acquiring an additional 1,768 shares during the period. Teachers Advisors LLC lifted its position in Cooper Tire & Rubber by 2.4% during the 3rd quarter. Teachers Advisors LLC now owns 97,507 shares of the company’s stock worth $2,759,000 after acquiring an additional 2,320 shares during the period. Wells Fargo & Company MN lifted its position in Cooper Tire & Rubber by 2.1% during the 3rd quarter. Wells Fargo & Company MN now owns 117,901 shares of the company’s stock worth $3,337,000 after acquiring an additional 2,444 shares during the period. HGK Asset Management Inc. lifted its position in Cooper Tire & Rubber by 19.4% during the 2nd quarter. HGK Asset Management Inc. now owns 15,843 shares of the company’s stock worth $417,000 after acquiring an additional 2,576 shares during the period. Finally, Riverhead Capital Management LLC lifted its position in Cooper Tire & Rubber by 48.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,320 shares of the company’s stock worth $235,000 after acquiring an additional 2,700 shares during the period.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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