Cooper Tire & Rubber Co Given New $37.00 Price Target at JPMorgan Chase & Co. (CTB)
Research analysts at JPMorgan Chase & Co. boosted their target price on shares of Cooper Tire & Rubber Co (NYSE:CTB) from $36.00 to $37.00 in a report released on Friday. JPMorgan Chase & Co.’s price target suggests a potential upside of 23.33% from the company’s current price.
Separately, 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, May 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Cooper Tire & Rubber Co presently has an average rating of “Hold” and a consensus target price of $19.75.
Shares of Cooper Tire & Rubber Co (NYSE:CTB) opened at 30.00 on Friday. Cooper Tire & Rubber Co has a 1-year low of $20.55 and a 1-year high of $33.66. The stock’s 50-day moving average is $29.57 and its 200-day moving average is $26.41. The company has a market cap of $1.904 billion and a P/E ratio of 18.63.
Cooper Tire & Rubber Co (NYSE:CTB) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.21. The company had revenue of $889.00 million for the quarter, compared to the consensus estimate of $863.30 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Cooper Tire & Rubber Co will post $2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, August 28th.
Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires.
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