Standpoint Research lowered shares of Cooper Tire & Rubber Co. (NYSE:CTB) from a buy rating to a hold rating in a research note published on Friday.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Cooper Tire & Rubber Co. from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Tuesday, October 4th. FBR & Co reiterated a buy rating and issued a $48.00 target price on shares of Cooper Tire & Rubber Co. in a research note on Thursday, September 22nd. JPMorgan Chase & Co. lowered their target price on shares of Cooper Tire & Rubber Co. from $47.00 to $46.00 and set a neutral rating on the stock in a research note on Friday, August 5th. Deutsche Bank AG lowered their target price on shares of Cooper Tire & Rubber Co. from $40.00 to $39.00 and set a hold rating on the stock in a research note on Friday, August 5th. Finally, Northcoast Research upgraded shares of Cooper Tire & Rubber Co. from a neutral rating to a buy rating and set a $37.00 target price on the stock in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Cooper Tire & Rubber Co. currently has a consensus rating of Hold and an average target price of $39.80.

Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded up 1.72% during trading on Friday, hitting $39.04. The stock had a trading volume of 180,264 shares. The company has a market capitalization of $2.11 billion, a P/E ratio of 9.10 and a beta of 0.48. The firm has a 50-day moving average of $35.57 and a 200 day moving average of $33.63. Cooper Tire & Rubber Co. has a 1-year low of $29.29 and a 1-year high of $43.40.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.105 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.09%. Cooper Tire & Rubber Co.’s dividend payout ratio is currently 9.79%.

A number of hedge funds have recently added to or reduced their stakes in CTB. BlackRock Inc. raised 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 worth $180,000 after buying an additional 1,252 shares in the last quarter. Smith Asset Management Group LP raised its stake in shares of Cooper Tire & Rubber Co. by 3.2% in the second quarter. Smith Asset Management Group LP now owns 70,661 shares of the company’s stock worth $2,107,000 after buying an additional 2,200 shares in the last quarter. Springbok Capital Management LLC raised its stake in shares of Cooper Tire & Rubber Co. by 128.4% in the first quarter. Springbok Capital Management LLC now owns 17,765 shares of the company’s stock worth $658,000 after buying an additional 9,986 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Cooper Tire & Rubber Co. during the first quarter worth approximately $571,000. Finally, BlackRock Group LTD raised its stake in shares of Cooper Tire & Rubber Co. by 9.5% in the first quarter. BlackRock Group LTD now owns 38,662 shares of the company’s stock worth $1,432,000 after buying an additional 3,345 shares in the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.

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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