Cooper Tire & Rubber Co. Sees Unusually High Options Volume (CTB)
Shares of Cooper Tire & Rubber Co. (NYSE:CTB) saw unusually large options trading on Monday. Traders bought 19,389 call options on the company, StockRatingsNetwork reports. This is an increase of approximately 663% compared to the typical daily volume of 2,540 call options.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Cooper Tire & Rubber Co. from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cooper Tire & Rubber Co. in a research note to investors on Monday, August 12th. They now have a $35.00 price target on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $32.25.
Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded down 12.84% during mid-day trading on Monday, hitting $25.72. The stock had a trading volume of 15,118,098 shares. Cooper Tire & Rubber Co. has a 52 week low of $18.38 and a 52 week high of $34.79. The stock has a 50-day moving average of $31.54 and a 200-day moving average of $29.3. The company has a market cap of $1.679 billion and a price-to-earnings ratio of 7.89.
Cooper Tire & Rubber Co. (NYSE:CTB) last released its earnings data on Thursday, August 8th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.93 by $0.38. The company had revenue of $884.00 million for the quarter, compared to the consensus estimate of $973.33 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was down 16.5% on a year-over-year basis. On average, analysts predict that Cooper Tire & Rubber Co. will post $2.35 earnings per share for the current fiscal year.
Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires.
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