Cooper Tire & Rubber (NYSE:CTB) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $44.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.41% from the company’s previous close.

According to Zacks, “The Zacks Consensus Estimate for Cooper Tire & Rubber Co.’s annual earnings has been going up of late. 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. Also, in the last six months, Cooper Tire & Rubber Co.’s shares have outperformed the industry it belongs to.”

Other analysts also recently issued reports about the stock. FBR & Co reaffirmed a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Northcoast Research raised shares of Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research report on Wednesday. B. Riley reaffirmed a “buy” rating and issued a $50.00 target price on shares of Cooper Tire & Rubber in a research report on Monday, December 11th. ValuEngine raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $42.00 target price on shares of Cooper Tire & Rubber in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.29.

Cooper Tire & Rubber (NYSE CTB) traded up $0.15 during trading hours on Friday, hitting $39.85. 533,428 shares of the stock were exchanged, compared to its average volume of 782,678. The stock has a market cap of $2,040.00, a P/E ratio of 10.27 and a beta of 0.07. 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 12-month low of $31.55 and a 12-month high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.33. The firm had revenue of $733.80 million for the quarter, compared to the consensus estimate of $779.02 million. Cooper Tire & Rubber had a net margin of 8.54% and a return on equity of 21.44%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. analysts expect that Cooper Tire & Rubber will post 3.22 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Dalton Greiner Hartman Maher & Co. boosted its stake in Cooper Tire & Rubber by 21.8% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 504,612 shares of the company’s stock worth $17,838,000 after purchasing an additional 90,300 shares in the last quarter. California Public Employees Retirement System boosted its stake in Cooper Tire & Rubber by 1.1% in the 3rd quarter. California Public Employees Retirement System now owns 192,832 shares of the company’s stock worth $7,212,000 after purchasing an additional 2,105 shares in the last quarter. Jane Street Group LLC boosted its stake in Cooper Tire & Rubber by 274.5% in the 3rd quarter. Jane Street Group LLC now owns 46,454 shares of the company’s stock worth $1,737,000 after purchasing an additional 34,049 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Cooper Tire & Rubber by 837.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,380 shares of the company’s stock worth $574,000 after purchasing an additional 13,739 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Cooper Tire & Rubber by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,672,900 shares of the company’s stock worth $137,367,000 after purchasing an additional 242,886 shares in the last quarter.

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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.

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

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