Cooper Tire & Rubber (NYSE:CTB)‘s stock had its “hold” rating reaffirmed by research analysts at Longbow Research in a research note issued to investors on Friday.

CTB has been the subject of a number of other research reports. TheStreet upgraded Cooper Tire & Rubber from a “c+” rating to a “b-” rating in a research note on Wednesday, November 21st. Northcoast Research set a $38.00 price target on Cooper Tire & Rubber and gave the stock a “buy” rating in a research note on Tuesday, November 20th. ValuEngine upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Monday, December 17th. Zacks Investment Research upgraded Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Wolfe Research upgraded Cooper Tire & Rubber from an “underperform” rating to a “market perform” rating in a research note on Monday, November 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.60.

Cooper Tire & Rubber stock traded down $0.05 during trading on Friday, reaching $33.98. The company had a trading volume of 732,413 shares, compared to its average volume of 482,522. Cooper Tire & Rubber has a 52 week low of $22.58 and a 52 week high of $40.38. The stock has a market cap of $1.70 billion, a P/E ratio of 10.96, a P/E/G ratio of 3.11 and a beta of 0.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.55.

Cooper Tire & Rubber (NYSE:CTB) last announced its earnings results on Monday, October 29th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.62. Cooper Tire & Rubber had a return on equity of 8.58% and a net margin of 1.25%. The company had revenue of $737.70 million for the quarter, compared to analysts’ expectations of $748.54 million. During the same period last year, the firm earned $1.18 EPS. Cooper Tire & Rubber’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts predict that Cooper Tire & Rubber will post 2.08 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in Cooper Tire & Rubber by 2.0% in the 3rd quarter. BlackRock Inc. now owns 7,185,065 shares of the company’s stock worth $203,338,000 after buying an additional 139,782 shares in the last quarter. Vanguard Group Inc grew its position in shares of Cooper Tire & Rubber by 0.9% during the third quarter. Vanguard Group Inc now owns 5,010,300 shares of the company’s stock valued at $141,791,000 after purchasing an additional 45,239 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Cooper Tire & Rubber by 0.9% during the third quarter. Vanguard Group Inc. now owns 5,010,300 shares of the company’s stock valued at $141,791,000 after purchasing an additional 45,239 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in shares of Cooper Tire & Rubber by 25.9% during the third quarter. Deprince Race & Zollo Inc. now owns 3,010,214 shares of the company’s stock valued at $85,189,000 after purchasing an additional 618,639 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in shares of Cooper Tire & Rubber by 107.6% during the third quarter. Frontier Capital Management Co. LLC now owns 1,155,931 shares of the company’s stock valued at $32,713,000 after purchasing an additional 599,162 shares in the last quarter.

Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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