Insider Selling: John H. Shuey Unloads 2,000 Shares of Cooper Tire & Rubber Co. Stock (CTB)
Cooper Tire & Rubber Co. (NYSE:CTB) Director John H. Shuey sold 2,000 shares of Cooper Tire & Rubber Co. stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $27.73, for a total value of $55,460.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CTB. Analysts at Northcoast Research upgraded shares of Cooper Tire & Rubber Co. from a “neutral” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cooper Tire & Rubber Co. in a research note on Wednesday, May 7th. They now have a $28.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cooper Tire & Rubber Co. in a research note on Monday, March 3rd. They now have a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.25.
Cooper Tire & Rubber Co. (NYSE:CTB) traded up 2.77% on Tuesday, hitting $28.55. The stock had a trading volume of 656,011 shares. Cooper Tire & Rubber Co. has a 1-year low of $20.55 and a 1-year high of $34.79. The stock’s 50-day moving average is $25.13 and its 200-day moving average is $24.24. The company has a market cap of $1.812 billion and a P/E ratio of 17.68.
Cooper Tire & Rubber Co. (NYSE:CTB) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.22. The company had revenue of $796.00 million for the quarter, compared to the consensus estimate of $836.15 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis. Analysts expect that Cooper Tire & Rubber Co. will post $2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Monday, June 2nd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 29th.
Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires.
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