Cooper Tire & Rubber Co Receives Average Rating of “Hold” from Analysts (NYSE:CTB)
Cooper Tire & Rubber Co (NYSE:CTB) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $27.37.
A number of research firms have recently commented on CTB. Analysts at SunTrust initiated coverage on shares of Cooper Tire & Rubber Co in a research note on Wednesday. They set a “neutral” rating and a $34.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Cooper Tire & Rubber Co from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 19th. They now have a $36.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Cooper Tire & Rubber Co from $36.00 to $37.00 in a research note on Friday, August 8th.
Shares of Cooper Tire & Rubber Co (NYSE:CTB) traded up 0.25% on Thursday, hitting $30.20. The stock had a trading volume of 144,127 shares. Cooper Tire & Rubber Co has a 52 week low of $20.55 and a 52 week high of $33.26. The stock has a 50-day moving average of $29.7 and a 200-day moving average of $27.12. The company has a market cap of $1.921 billion and a price-to-earnings ratio of 18.80. Cooper Tire & Rubber Co also saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 7,824,246 shares, a growth of 190.4% from the July 31st total of 2,694,546 shares. Based on an average daily trading volume, of 765,393 shares, the days-to-cover ratio is presently 10.2 days. Currently, 12.9% of the shares of the stock are short sold.
Cooper Tire & Rubber Co (NYSE:CTB) last announced its earnings results on Thursday, August 7th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.55 earnings per share. Cooper Tire & Rubber Co’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Cooper Tire & Rubber Co will post $2.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders 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 1.39%. The ex-dividend date is Thursday, August 28th.
Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires.