Cooper Tire & Rubber Co (NYSE:CTB) has received an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $45.50.

CTB has been the topic of several research reports. FBR & Co reaffirmed a “buy” rating and set a $53.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. Jefferies Group reiterated a “hold” rating and issued a $40.00 price objective on shares of Cooper Tire & Rubber in a report on Sunday, September 10th. Zacks Investment Research downgraded Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and issued a $42.00 price objective on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. Finally, ValuEngine upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a report on Thursday, November 30th.

Hedge funds have recently bought and sold shares of the company. Cipher Capital LP boosted its position in shares of Cooper Tire & Rubber by 679.0% during the second quarter. Cipher Capital LP now owns 45,647 shares of the company’s stock worth $1,648,000 after buying an additional 39,787 shares during the period. First Trust Advisors LP boosted its position in Cooper Tire & Rubber by 20.1% during the third quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock valued at $2,111,000 after purchasing an additional 9,465 shares during the last quarter. American Century Companies Inc. boosted its position in Cooper Tire & Rubber by 29.5% during the third quarter. American Century Companies Inc. now owns 317,017 shares of the company’s stock valued at $11,856,000 after purchasing an additional 72,195 shares during the last quarter. Vanguard Group Inc. boosted its position in Cooper Tire & Rubber by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock valued at $157,060,000 after purchasing an additional 20,738 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Cooper Tire & Rubber by 39.4% during the second quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock valued at $37,817,000 after purchasing an additional 296,340 shares during the last quarter.

Shares of Cooper Tire & Rubber (NYSE CTB) traded down $0.75 on Thursday, hitting $34.15. The stock had a trading volume of 739,339 shares, compared to its average volume of 727,100. The company has a quick ratio of 1.59, a current ratio of 2.67 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 $1,750.00, a price-to-earnings ratio of 8.90, a PEG ratio of 1.12 and a beta of 0.07.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $779.02 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. equities analysts predict that Cooper Tire & Rubber will post 3.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.23%. Cooper Tire & Rubber’s dividend payout ratio is currently 10.82%.

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About Cooper Tire & Rubber

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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