Jefferies Group LLC reaffirmed their hold rating on shares of Cooper Tire & Rubber Company (NYSE:CTB) in a report published on Sunday. The firm currently has a $40.00 price objective on the stock.

A number of other research analysts have also recently issued reports on CTB. BidaskClub cut shares of Cooper Tire & Rubber from a hold rating to a sell rating in a research note on Saturday, August 5th. FBR & Co reaffirmed a buy rating and set a $53.00 target price on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. Deutsche Bank AG boosted their target price on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a hold rating in a research note on Monday, August 7th. Zacks Investment Research cut shares of Cooper Tire & Rubber from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, Standpoint Research raised shares of Cooper Tire & Rubber from a hold rating to an accumulate rating in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Cooper Tire & Rubber has a consensus rating of Hold and an average price target of $42.00.

Shares of Cooper Tire & Rubber (CTB) opened at 33.45 on Friday. Cooper Tire & Rubber has a 52-week low of $32.78 and a 52-week high of $44.50. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.25 and a beta of -0.03. The company’s 50-day moving average price is $34.94 and its 200-day moving average price is $38.25.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $720.75 million for the quarter, compared to analysts’ expectations of $775 million. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. Equities research analysts forecast that Cooper Tire & Rubber will post $3.40 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.26%. Cooper Tire & Rubber’s payout ratio is presently 11.67%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Partners Fund LP bought a new stake in shares of Cooper Tire & Rubber during the first quarter worth $110,000. Flinton Capital Management LLC bought a new stake in shares of Cooper Tire & Rubber during the first quarter worth $112,000. Neuburgh Advisers LLC bought a new stake in shares of Cooper Tire & Rubber during the first quarter worth $136,000. Riverhead Capital Management LLC grew its stake in shares of Cooper Tire & Rubber by 75.2% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after buying an additional 1,729 shares during the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Cooper Tire & Rubber by 17.0% during the second quarter. LS Investment Advisors LLC now owns 4,311 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the last quarter. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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

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