Shares of Cooper Tire & Rubber Co. (NYSE:CTB) have received an average rating of “Hold” from the ten ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $40.00.

A number of equities analysts have recently weighed in on CTB shares. Off Wall Street reissued a “sell” rating on shares of Cooper Tire & Rubber Co. in a research report on Tuesday, June 28th. Standpoint Research started coverage on shares of Cooper Tire & Rubber Co. in a research report on Friday, May 27th. They set a “buy” rating and a $40.00 price target for the company. Zacks Investment Research lowered shares of Cooper Tire & Rubber Co. from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Northcoast Research raised shares of Cooper Tire & Rubber Co. from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Cooper Tire & Rubber Co. from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, August 5th.

Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded up 0.71% during midday trading on Wednesday, hitting $35.47. 233,547 shares of the stock were exchanged. Cooper Tire & Rubber Co. has a 12-month low of $29.29 and a 12-month high of $43.40. The firm has a 50 day moving average of $34.13 and a 200 day moving average of $33.58. The firm has a market cap of $1.92 billion, a P/E ratio of 8.27 and a beta of 0.61.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/cooper-tire-rubber-co-nysectb-receives-average-rating-of-hold-from-analysts.html

Cooper Tire & Rubber Co. (NYSE:CTB) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.20. The business earned $740 million during the quarter, compared to analyst estimates of $751.81 million. Cooper Tire & Rubber Co. had a net margin of 8.22% and a return on equity of 23.50%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. Equities analysts forecast that Cooper Tire & Rubber Co. will post $4.30 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.42 annualized dividend and a yield of 1.19%. Cooper Tire & Rubber Co.’s dividend payout ratio is currently 9.79%.

Several hedge funds and other institutional investors have recently made changes to their positions in CTB. BlackRock Inc. increased its position in shares of Cooper Tire & Rubber Co. by 34.4% in the first quarter. BlackRock Inc. now owns 4,891 shares of the company’s stock valued at $180,000 after buying an additional 1,252 shares during the period. Springbok Capital Management LLC increased its position in shares of Cooper Tire & Rubber Co. by 128.4% in the first quarter. Springbok Capital Management LLC now owns 17,765 shares of the company’s stock valued at $658,000 after buying an additional 9,986 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Cooper Tire & Rubber Co. during the first quarter valued at $571,000. Ramsey Quantitative Systems increased its position in shares of Cooper Tire & Rubber Co. by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 15,090 shares of the company’s stock valued at $559,000 after buying an additional 781 shares during the period. Finally, CIBC World Markets Inc. purchased a new position in shares of Cooper Tire & Rubber Co. during the first quarter valued at $1,200,000. Institutional investors and hedge funds own 91.25% of the company’s stock.

About Cooper Tire & Rubber Co.

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries sell medium truck, motorcycle and racing tires. It has four business segments: North America, composed of its operations in the United States and Canada; Latin America, composed of its operations in Mexico, Central America and South America; Europe, and Asia.

5 Day Chart for NYSE:CTB

Receive News & Ratings for Cooper Tire & Rubber Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Tire & Rubber Co. and related companies with MarketBeat.com's FREE daily email newsletter.