Zacks Investment Research upgraded shares of Cooper Tire & Rubber Co. (NYSE:CTB) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $43.00 price target on the stock.

According to Zacks, “Cooper Tire is benefiting from its high-performance products, share repurchases, global expansion and improving business operations. The company aims to attain operating margin over 10% and net sales of $5–$6 billion per annum in the long term. Cooper Tire has a positive record of earnings surprises in recent quarters.”

Several other equities research analysts have also commented on CTB. Deutsche Bank AG lowered their price target on shares of Cooper Tire & Rubber Co. from $40.00 to $39.00 and set a hold rating on the stock in a report on Friday, August 5th. JPMorgan Chase & Co. lowered their price target on shares of Cooper Tire & Rubber Co. from $47.00 to $46.00 and set a neutral rating on the stock in a report on Friday, August 5th. FBR & Co reaffirmed a buy rating and issued a $48.00 price target on shares of Cooper Tire & Rubber Co. in a report on Thursday, September 22nd. Off Wall Street reaffirmed a sell rating on shares of Cooper Tire & Rubber Co. in a report on Tuesday, June 28th. Finally, Northcoast Research upgraded shares of Cooper Tire & Rubber Co. from a neutral rating to a buy rating and set a $37.00 price objective for the company in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $39.80.

Cooper Tire & Rubber Co. (NYSE:CTB) traded up 0.85% on Tuesday, reaching $38.13. The company had a trading volume of 136,828 shares. Cooper Tire & Rubber Co. has a 1-year low of $29.29 and a 1-year high of $43.40. The firm has a market capitalization of $2.06 billion, a P/E ratio of 8.89 and a beta of 0.49. The company’s 50-day moving average price is $35.17 and its 200 day moving average price is $33.55.

Cooper Tire & Rubber Co. (NYSE:CTB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.07 by $0.20. Cooper Tire & Rubber Co. had a net margin of 8.22% and a return on equity of 23.50%. The company had revenue of $740 million for the quarter, compared to analyst estimates of $751.81 million. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Cooper Tire & Rubber Co. will post $4.30 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were paid a $0.105 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.42 annualized dividend and a dividend yield of 1.11%. Cooper Tire & Rubber Co.’s dividend payout ratio (DPR) is 9.79%.

Several hedge funds have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in Cooper Tire & Rubber Co. by 190.7% in the second quarter. Sei Investments Co. now owns 3,340 shares of the company’s stock valued at $100,000 after buying an additional 2,191 shares during the period. Acrospire Investment Management LLC boosted its stake in Cooper Tire & Rubber Co. by 34.6% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock valued at $104,000 after buying an additional 900 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Cooper Tire & Rubber Co. by 184.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,477 shares of the company’s stock valued at $134,000 after buying an additional 2,905 shares during the period. BlackRock Inc. boosted its stake in Cooper Tire & Rubber Co. by 34.4% in the first quarter. BlackRock Inc. now owns 4,891 shares of the company’s stock valued at $180,000 after buying an additional 1,252 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Cooper Tire & Rubber Co. by 4.3% in the second quarter. Advisory Services Network LLC now owns 6,987 shares of the company’s stock valued at $208,000 after buying an additional 289 shares during the period. 91.25% of the stock is owned by institutional investors and hedge funds.

Cooper Tire & Rubber Co. Company Profile

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries sell medium truck, motorcycle and racing tires. It has four business segments: North America, composed of its operations in the United States and Canada; Latin America, composed of its operations in Mexico, Central America and South America; Europe, and Asia.

5 Day Chart for NYSE:CTB

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