Longbow Research started coverage on shares of Cooper Tire & Rubber (NYSE:CTB) in a research note released on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $50.00 price objective on the stock.

A number of other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a hold rating to a buy rating and set a $44.00 target price for the company in a report on Friday, January 12th. Northcoast Research upgraded shares of Cooper Tire & Rubber from a neutral rating to a buy rating in a report on Wednesday, January 10th. B. Riley reiterated a buy rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a report on Monday, December 11th. ValuEngine upgraded shares of Cooper Tire & Rubber from a hold rating to a buy rating in a report on Thursday, November 30th. Finally, KeyCorp reiterated a buy rating and set a $42.00 target price on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Cooper Tire & Rubber has a consensus rating of Buy and a consensus target price of $45.88.

Shares of Cooper Tire & Rubber (NYSE CTB) opened at $39.10 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.67. Cooper Tire & Rubber has a 1 year low of $31.55 and a 1 year high of $44.50. The stock has a market cap of $2,009.93, a PE ratio of 10.10 and a beta of 0.07.

Cooper Tire & Rubber (NYSE:CTB) last posted 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 net margin of 7.18% and a return on equity of 17.56%. The business had revenue of $733.80 million during the quarter, compared to analyst estimates of $779.02 million. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. equities research analysts anticipate that Cooper Tire & Rubber will post 3.22 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Cooper Tire & Rubber by 0.5% during the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after purchasing an additional 20,738 shares during the period. Dimensional Fund Advisors LP raised 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 buying an additional 242,886 shares in the last quarter. Fairpointe Capital LLC raised its stake in Cooper Tire & Rubber by 14.8% in the second quarter. Fairpointe Capital LLC now owns 3,377,104 shares of the company’s stock worth $121,914,000 after buying an additional 436,279 shares in the last quarter. State Street Corp raised its stake in Cooper Tire & Rubber by 4.7% in the second quarter. State Street Corp now owns 1,842,041 shares of the company’s stock worth $66,495,000 after buying an additional 83,422 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Cooper Tire & Rubber by 4.9% in the second quarter. Northern Trust Corp now owns 1,837,699 shares of the company’s stock worth $66,341,000 after buying an additional 85,230 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.

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

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