Cooper Tire & Rubber Company (NYSE:CTB) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $42.00.

CTB has been the topic of a number of research reports. Standpoint Research raised shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research note on Tuesday, June 20th. FBR & Co reissued a “buy” rating and issued a $53.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $40.00 target price on shares of Cooper Tire & Rubber in a research note on Sunday, September 10th. Finally, BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.

Several institutional investors and hedge funds have recently bought and sold shares of CTB. Strs Ohio grew its holdings in shares of Cooper Tire & Rubber by 81.0% in the 1st quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $168,000 after purchasing an additional 1,700 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Cooper Tire & Rubber by 429.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,603 shares of the company’s stock worth $1,398,000 after purchasing an additional 25,636 shares during the last quarter. US Bancorp DE grew its holdings in shares of Cooper Tire & Rubber by 14.6% in the 1st quarter. US Bancorp DE now owns 10,960 shares of the company’s stock worth $486,000 after purchasing an additional 1,397 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cooper Tire & Rubber by 88.4% in the 1st quarter. Bank of New York Mellon Corp now owns 807,709 shares of the company’s stock worth $35,822,000 after purchasing an additional 379,064 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Cooper Tire & Rubber by 116.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,543 shares of the company’s stock worth $734,000 after purchasing an additional 8,901 shares during the last quarter. 94.58% of the stock is currently owned by institutional investors and hedge funds.

Cooper Tire & Rubber (NYSE CTB) traded down 0.40% during trading on Friday, hitting $37.40. 735,256 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $34.23 and its 200 day moving average price is $37.86. Cooper Tire & Rubber has a 12-month low of $32.78 and a 12-month high of $44.50. The stock has a market cap of $1.95 billion, a P/E ratio of 10.35 and a beta of -0.03.

Cooper Tire & Rubber (NYSE:CTB) last issued its earnings results on Friday, August 4th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The business had revenue of $720.75 million for the quarter, compared to the consensus estimate of $775.00 million. During the same quarter last year, the firm posted $1.27 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts anticipate that Cooper Tire & Rubber will post $3.40 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, August 30th. Cooper Tire & Rubber’s payout ratio is 11.67%.

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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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