Cooper Tire Given New $122.00 Price Target at Raymond James (CTB)
Research analysts at Raymond James increased their target price on shares of Cooper Tire (NYSE: CTB) from $115.00 to $122.00 in a report released on Friday, AnalystRatingsNetwork reports.
Shares of Cooper Tire (NYSE: CTB) traded down 3.94% during mid-day trading on Friday, hitting $23.91. Cooper Tire has a one year low of $13.82 and a one year high of $28.24. The stock’s 50-day moving average is currently $25.40. The company has a market cap of $1.511 billion and a P/E ratio of 7.13.
Cooper Tire (NYSE: CTB) last released its earnings data on Monday, February 25th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.30. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Cooper Tire will post $3.42 EPS for the current fiscal year.
CTB has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Cooper Tire from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 26th. They now have a $27.00 price target on the stock. Separately, analysts at S&P Equity Research raised their price target on shares of Cooper Tire from $27.00 to $30.00 in a research note to investors on Tuesday, February 26th. Finally, analysts at Deutsche Bank raised their price target on shares of Cooper Tire from $28.00 to $34.00 in a research note to investors on Tuesday, February 26th. They now have a “buy” rating on the stock.
Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $61.00.
Cooper Tire & Rubber Company is a manufacturer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light truck replacement tires.
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