Cooper Tire & Rubber Co. (CTB) Plans Quarterly Dividend of $0.11
Cooper Tire & Rubber Co. (NYSE:CTB) declared a quarterly dividend on Friday, February 21st, StockRatingsNetwork reports. Investors of record on Wednesday, March 5th will be given a dividend of 0.105 per share on Friday, March 28th. This represents a $0.42 annualized dividend and a yield of 1.75%.
A number of analysts have recently weighed in on CTB shares. Analysts at Ned Davis Research upgraded shares of Cooper Tire & Rubber Co. from a “neutral” rating to a “buy” rating in a research note on Tuesday. On the ratings front, analysts at S&P Equity Research downgraded shares of Cooper Tire & Rubber Co. to a “hold” rating in a research note on Friday, January 10th. Finally, analysts at BB&T Corp. downgraded shares of Cooper Tire & Rubber Co. from a “hold” rating to an “underweight” rating in a research note on Wednesday, January 8th. 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.50.
Cooper Tire & Rubber Co. (NYSE:CTB) traded down 0.08% during mid-day trading on Friday, hitting $23.95. The stock had a trading volume of 200,666 shares. Cooper Tire & Rubber Co. has a one year low of $20.55 and a one year high of $34.79. The stock has a 50-day moving average of $23.73 and a 200-day moving average of $26.60. The company has a market cap of $1.563 billion and a P/E ratio of 6.41.
Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires.
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