S&P Equity Research Downgrades Cooper Tire & Rubber Co. to Hold (CTB)
Cooper Tire & Rubber Co. (NYSE:CTB) was downgraded by stock analysts at S&P Equity Research to a “hold” rating in a report issued on Friday, American Banking and Market News reports.
Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded up 2.58% during mid-day trading on Friday, hitting $25.83. The stock had a trading volume of 3,825,380 shares. Cooper Tire & Rubber Co. has a 52 week low of $20.55 and a 52 week high of $34.79. The stock’s 50-day moving average is $23.68 and its 200-day moving average is $28.68. The company has a market cap of $1.686 billion and a price-to-earnings ratio of 6.73.
A number of other firms have also recently commented on CTB. Analysts at BB&T Corp. downgraded shares of Cooper Tire & Rubber Co. from a “hold” rating to an “underweight” rating in a research note to investors on Wednesday. They now have a $2.49 price target on the stock, up previously from $2.47. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cooper Tire & Rubber Co. in a research note to investors on Friday, January 3rd. They now have a $25.00 price target on the stock. Finally, analysts at KeyCorp reiterated a “hold” rating on shares of Cooper Tire & Rubber Co. in a research note to investors on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.50.
Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires.
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