Cooper Tire & Rubber (NYSE:CTB)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research note issued on Monday. They presently have a $50.00 price objective on the stock. B. Riley’s price target points to a potential upside of 44.30% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Group reissued a “hold” rating and issued a $35.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. FBR & Co reissued a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. KeyCorp reissued a “buy” rating and issued a $42.00 target price on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. ValuEngine raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research cut Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.86.

Shares of Cooper Tire & Rubber (NYSE CTB) traded down $0.50 during trading on Monday, hitting $34.65. The company had a trading volume of 632,100 shares, compared to its average volume of 728,744. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.24. Cooper Tire & Rubber has a twelve month low of $31.55 and a twelve month high of $44.50. The firm has a market capitalization of $1,802.27, a PE ratio of 9.06, a PEG ratio of 1.14 and a beta of 0.07.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Monday, October 30th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. Cooper Tire & Rubber had a return on equity of 17.56% and a net margin of 7.18%. The business had revenue of $733.80 million during the quarter, compared to analysts’ expectations of $779.02 million. During the same period in the previous year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. research analysts predict that Cooper Tire & Rubber will post 3.22 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of CTB. Riverhead Capital Management LLC boosted its position in shares of Cooper Tire & Rubber by 75.2% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after buying an additional 1,729 shares during the period. Flinton Capital Management LLC boosted its position in shares of Cooper Tire & Rubber by 76.7% during the second quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock worth $161,000 after buying an additional 1,932 shares during the period. Advisory Services Network LLC boosted its position in shares of Cooper Tire & Rubber by 6.8% during the second quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock worth $172,000 after buying an additional 304 shares during the period. Worth Venture Partners LLC acquired a new position in shares of Cooper Tire & Rubber during the second quarter worth about $235,000. Finally, M&T Bank Corp acquired a new position in shares of Cooper Tire & Rubber during the second quarter worth about $243,000.

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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.

Analyst Recommendations for Cooper Tire & Rubber (NYSE:CTB)

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