Cooper Tire & Rubber Company (NYSE:CTB) Price Target Raised to $45.00 at Deutsche Bank AG
Cooper Tire & Rubber Company (NYSE:CTB) had its target price increased by analysts at Deutsche Bank AG from $40.00 to $45.00 in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 23.80% from the stock’s previous close.
Several other equities research analysts have also commented on CTB. Jefferies Group LLC set a $40.00 target price on shares of Cooper Tire & Rubber and gave the stock a “hold” rating in a research report on Monday. BidaskClub lowered shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Standpoint Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research report on Tuesday, June 20th. Finally, Northcoast Research lowered shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.00.
Cooper Tire & Rubber (NYSE:CTB) traded down 2.89% during trading on Monday, hitting $35.30. 1,319,163 shares of the company traded hands. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 8.73 and a beta of -0.02. Cooper Tire & Rubber has a 52-week low of $33.11 and a 52-week high of $44.50. The company’s 50-day moving average is $36.67 and its 200 day moving average is $38.73.
Cooper Tire & Rubber (NYSE:CTB) last issued its earnings results on Friday, August 4th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $720.75 million for the quarter, compared to analyst estimates of $775 million. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. On average, equities analysts anticipate that Cooper Tire & Rubber will post $3.52 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP purchased a new position in Cooper Tire & Rubber during the first quarter valued at about $110,000. Flinton Capital Management LLC purchased a new position in Cooper Tire & Rubber during the first quarter valued at about $112,000. Creative Planning increased its position in Cooper Tire & Rubber by 5.3% in the first quarter. Creative Planning now owns 2,585 shares of the company’s stock valued at $115,000 after buying an additional 129 shares during the period. Neuburgh Advisers LLC purchased a new position in Cooper Tire & Rubber during the first quarter valued at about $136,000. Finally, LS Investment Advisors LLC purchased a new position in Cooper Tire & Rubber during the first quarter valued at about $163,000. 94.58% of the stock is owned by institutional investors and hedge funds.
Cooper Tire & Rubber Company Profile
Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.
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