Shares of Cooper Tire & Rubber (NYSE:CTB) have received a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $42.14.
Several research analysts have issued reports on CTB shares. B. Riley dropped their price objective on Cooper Tire & Rubber from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, May 1st. Zacks Investment Research upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, February 22nd. Longbow Research started coverage on Cooper Tire & Rubber in a research note on Wednesday, January 31st. They set a “buy” rating and a $50.00 price objective for the company. TheStreet lowered Cooper Tire & Rubber from a “b” rating to a “c” rating in a research note on Tuesday, February 20th. Finally, ValuEngine lowered Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th.
Shares of NYSE CTB opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.59 and a quick ratio of 1.50. The firm has a market capitalization of $1.27 billion, a P/E ratio of 8.15, a PEG ratio of 2.87 and a beta of 0.46. Cooper Tire & Rubber has a one year low of $24.88 and a one year high of $25.70.
Cooper Tire & Rubber (NYSE:CTB) last issued its earnings results on Monday, April 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.41). Cooper Tire & Rubber had a net margin of 2.60% and a return on equity of 11.73%. The firm had revenue of $601.50 million during the quarter, compared to analyst estimates of $641.21 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. equities analysts anticipate that Cooper Tire & Rubber will post 2.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, May 31st. Cooper Tire & Rubber’s payout ratio is presently 13.55%.
In other Cooper Tire & Rubber news, Director Robert D. Welding bought 1,500 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were bought at an average price of $32.30 per share, for a total transaction of $48,450.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $96,900. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.61% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG grew its holdings in shares of Cooper Tire & Rubber by 21.5% during the fourth quarter. Deutsche Bank AG now owns 273,387 shares of the company’s stock worth $9,661,000 after purchasing an additional 48,309 shares during the last quarter. BancorpSouth Bank bought a new stake in shares of Cooper Tire & Rubber during the fourth quarter worth $480,000. Engineers Gate Manager LP bought a new stake in shares of Cooper Tire & Rubber during the fourth quarter worth $912,000. Brandywine Global Investment Management LLC grew its holdings in shares of Cooper Tire & Rubber by 7.6% during the fourth quarter. Brandywine Global Investment Management LLC now owns 147,215 shares of the company’s stock worth $5,205,000 after purchasing an additional 10,349 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Cooper Tire & Rubber by 26.5% during the fourth quarter. US Bancorp DE now owns 17,057 shares of the company’s stock worth $603,000 after purchasing an additional 3,575 shares during the last quarter.
About Cooper Tire & Rubber
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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