Cooper Tire & Rubber (NYSE: CTB) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Cooper Tire & Rubber was given a new $40.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 8/5/2017 – Cooper Tire & Rubber was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/1/2017 – Cooper Tire & Rubber was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Quarterly earnings estimates of Cooper Tire have been going up of late. It continues to expand its product portfolio with a focus to satisfy the market demand in all regions. It is also expanding its presence in Asia and Latin America through acquisitions and opening of new sales offices. Also, it intends to reduce its manufacturing costs through increased automation in production facilities and consolidation of product family, which is expected to have a positive impact on its financials. Moreover, a strong balance sheet and frequent share repurchases by the company will boost shareholders’ value.”
  • 7/28/2017 – Cooper Tire & Rubber was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cooper Tire continues to expand its product portfolio with a focus to satisfy the market demand in all regions. It is also expanding its presence in Asia and Latin America through acquisitions and opening new sales offices. Also, it intends to reduce its manufacturing costs through increased automation in production facilities and consolidation of product family, which is expected to have a positive impact in its financials. Moreover, a strong balance sheet and frequent share repurchases by the company will boost shareholders’ value. However, it is facing operating margin pressure, due to high raw material costs and insufficient increase in product pricing. Other headwinds faced by the company include an uncertain global market, uneven trade policies and currency fluctuations. Year to date, Cooper Tire’s shares have also underperformed the industry it belongs to.”
  • 7/24/2017 – Cooper Tire & Rubber was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Over the past 30 days, both the second-quarter and full estimates are moving up for Cooper Tire & Rubber. The company continues to expand its product portfolio with a focus to satisfy the market demand in all regions. It is also expanding its presence in Asia and Latin America through acquisitions and opening new sales offices. Also, it intends to reduce its manufacturing costs through increased automation in production facilities and consolidation of product family, which is expected to have a positive impact in its financials. Moreover, a strong balance sheet and frequent share repurchases by the company will boost shareholders’ value.”
  • 7/19/2017 – Cooper Tire & Rubber was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/6/2017 – Cooper Tire & Rubber had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $40.00 price target on the stock.
  • 6/20/2017 – Cooper Tire & Rubber was upgraded by analysts at Standpoint Research from a “hold” rating to an “accumulate” rating.

Shares of Cooper Tire & Rubber Company (NYSE:CTB) traded down 4.26% on Monday, reaching $34.80. The company’s stock had a trading volume of 224,115 shares. Cooper Tire & Rubber Company has a 12 month low of $33.11 and a 12 month high of $44.50. The firm’s 50-day moving average price is $36.67 and its 200-day moving average price is $38.73. The stock has a market cap of $1.84 billion, a P/E ratio of 8.61 and a beta of -0.02.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. The firm had revenue of $720.75 million during the quarter, compared to the consensus estimate of $775 million. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the company posted $1.27 EPS. On average, analysts forecast that Cooper Tire & Rubber Company will post $3.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $0.105 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.16%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 11.67%.

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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