KeyCorp assumed coverage on shares of Cooper Tire & Rubber Co. (NYSE:CTB) in a report published on Wednesday. The firm issued an overweight rating on the stock.

A number of other research firms have also issued reports on CTB. Off Wall Street reiterated a sell rating and set a $22.00 price objective on shares of Cooper Tire & Rubber Co. in a research note on Monday, November 7th. FBR & Co reiterated a buy rating and set a $48.00 price objective on shares of Cooper Tire & Rubber Co. in a research note on Thursday, November 3rd. Jefferies Group reiterated a hold rating and set a $37.00 price objective on shares of Cooper Tire & Rubber Co. in a research note on Wednesday, October 19th. Standpoint Research lowered Cooper Tire & Rubber Co. from a buy rating to a hold rating in a research note on Friday, October 7th. Finally, Zacks Investment Research upgraded Cooper Tire & Rubber Co. from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research note on Tuesday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $39.30.

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

Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded up 1.19% on Wednesday, hitting $38.30. The company had a trading volume of 115,875 shares. The company has a 50 day moving average price of $36.64 and a 200 day moving average price of $33.62. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.97 and a beta of 0.05. Cooper Tire & Rubber Co. has a 1-year low of $29.29 and a 1-year high of $42.57.

Cooper Tire & Rubber Co. (NYSE:CTB) last issued its quarterly earnings results on Monday, October 31st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Cooper Tire & Rubber Co. had a return on equity of 23.13% and a net margin of 8.17%. The firm had revenue of $751 million for the quarter, compared to analysts’ expectations of $689.09 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts forecast that Cooper Tire & Rubber Co. will post $4.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, December 2nd will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, November 30th. Cooper Tire & Rubber Co.’s dividend payout ratio is presently 9.86%.

In related news, Director John J. Holland sold 4,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $37.86, for a total transaction of $151,440.00. Following the completion of the sale, the director now directly owns 5,913 shares in the company, valued at approximately $223,866.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of 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 in the last quarter. BlackRock Group LTD boosted its stake in Cooper Tire & Rubber Co. by 9.5% in the first quarter. BlackRock Group LTD now owns 38,662 shares of the company’s stock valued at $1,432,000 after buying an additional 3,345 shares during the period. State Street Corp boosted its stake in Cooper Tire & Rubber Co. by 1.2% in the first quarter. State Street Corp now owns 1,137,151 shares of the company’s stock valued at $42,103,000 after buying an additional 13,127 shares during the period. Geode Capital Management LLC boosted its stake in Cooper Tire & Rubber Co. by 1.7% in the first quarter. Geode Capital Management LLC now owns 489,834 shares of the company’s stock valued at $18,132,000 after buying an additional 8,190 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Cooper Tire & Rubber Co. by 48.7% in the first quarter. Renaissance Technologies LLC now owns 364,400 shares of the company’s stock valued at $13,490,000 after buying an additional 119,300 shares during the period. Institutional investors own 92.18% of the company’s stock.

About Cooper Tire & Rubber Co.

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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