Cooper Tire & Rubber Co. (NYSE:CTB) – Analysts at Jefferies Group boosted their Q3 2016 earnings per share estimates for shares of Cooper Tire & Rubber Co. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst B. Jordan now forecasts that the firm will post earnings per share of $1.02 for the quarter, up from their previous estimate of $0.98. Jefferies Group has a “Hold” rating and a $37.00 price target on the stock. Jefferies Group also issued estimates for Cooper Tire & Rubber Co.’s FY2016 earnings at $4.28 EPS and FY2017 earnings at $3.66 EPS.

A number of other brokerages also recently commented on CTB. Standpoint Research downgraded Cooper Tire & Rubber Co. from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Zacks Investment Research upgraded Cooper Tire & Rubber Co. from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Tuesday, October 4th. FBR & Co reissued a “buy” rating and issued a $48.00 price target on shares of Cooper Tire & Rubber Co. in a research note on Thursday, September 22nd. Deutsche Bank AG decreased their price target on Cooper Tire & Rubber Co. from $40.00 to $39.00 and set a “hold” rating for the company in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. decreased their price target on Cooper Tire & Rubber Co. from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.80.

Earnings History and Estimates for Cooper Tire & Rubber Co. (NYSE:CTB)

Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded up 1.17% during mid-day trading on Wednesday, reaching $36.40. 234,133 shares of the company traded hands. The firm’s 50 day moving average price is $36.23 and its 200-day moving average price is $33.65. The company has a market capitalization of $1.97 billion, a P/E ratio of 8.48 and a beta of 0.49. Cooper Tire & Rubber Co. has a 52-week low of $29.29 and a 52-week high of $43.40.

Cooper Tire & Rubber Co. (NYSE:CTB) last issued its earnings results on Thursday, August 4th. The company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.20. The firm 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%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share.

Several hedge funds have recently made changes to their positions in CTB. Fairpointe Capital LLC increased its stake in shares of Cooper Tire & Rubber Co. by 233.6% in the second quarter. Fairpointe Capital LLC now owns 1,939,627 shares of the company’s stock valued at $57,840,000 after buying an additional 1,358,165 shares in the last quarter. UBS Oconnor LLC increased its stake in shares of Cooper Tire & Rubber Co. by 149.4% in the second quarter. UBS Oconnor LLC now owns 714,577 shares of the company’s stock valued at $21,309,000 after buying an additional 428,041 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Cooper Tire & Rubber Co. during the second quarter valued at approximately $11,274,000. Fiera Capital Corp bought a new stake in shares of Cooper Tire & Rubber Co. during the second quarter valued at approximately $10,943,000. Finally, Bogle Investment Management L P DE increased its stake in shares of Cooper Tire & Rubber Co. by 189.4% in the first quarter. Bogle Investment Management L P DE now owns 375,357 shares of the company’s stock valued at $13,895,000 after buying an additional 245,642 shares in the last quarter. Institutional investors and hedge funds own 91.34% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were issued a $0.105 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.42 annualized dividend and a dividend yield of 1.17%. Cooper Tire & Rubber Co.’s dividend payout ratio (DPR) is 9.79%.

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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