Shares of Cooper Tire & Rubber Company (NYSE:CTB) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.60.

CTB has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC set a $40.00 price objective on shares of Cooper Tire & Rubber and gave the stock a “hold” rating in a report on Monday, August 7th. Deutsche Bank AG lifted their price objective on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, August 7th. Finally, FBR & Co reaffirmed a “buy” rating and set a $53.00 price objective on shares of Cooper Tire & Rubber in a report on Tuesday, September 5th.

Cooper Tire & Rubber (NYSE CTB) traded up $0.05 during midday trading on Friday, hitting $34.35. 115,383 shares of the stock were exchanged, compared to its average volume of 735,085. Cooper Tire & Rubber has a 52 week low of $31.55 and a 52 week high of $44.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 1.59. The company has a market cap of $1,760.00, a P/E ratio of 8.84, a P/E/G ratio of 1.11 and a beta of -0.01.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio is presently 10.82%.

A number of institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System lifted its stake in Cooper Tire & Rubber by 1.1% in the third 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 during the last quarter. Jane Street Group LLC lifted its stake in Cooper Tire & Rubber by 274.5% in the third 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 during the last quarter. Envestnet Asset Management Inc. lifted its stake in Cooper Tire & Rubber by 837.2% in the third 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cooper Tire & Rubber by 7.1% in the third 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Cooper Tire & Rubber by 2.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 282,044 shares of the company’s stock worth $10,549,000 after purchasing an additional 6,367 shares during 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.

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

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