Shares of Cooper Tire & Rubber Company (NYSE:CTB) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $42.00.

CTB has been the topic of a number of recent research reports. FBR & Co reaffirmed a “buy” rating and set a $53.00 price objective on shares of Cooper Tire & Rubber in a report on Tuesday, September 5th. Standpoint Research raised Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $40.00 price objective on shares of Cooper Tire & Rubber in a report on Thursday, July 6th. BidaskClub raised Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, August 1st.

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Shares of Cooper Tire & Rubber (CTB) traded down 0.68% during mid-day trading on Friday, hitting $36.70. The stock had a trading volume of 463,395 shares. The stock has a market cap of $1.92 billion and a price-to-earnings ratio of 10.15. The firm has a 50 day moving average of $34.77 and a 200 day moving average of $37.50. Cooper Tire & Rubber has a one year low of $32.78 and a one year high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Friday, August 4th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $720.75 million for the quarter, compared to the consensus estimate of $775.00 million. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. On average, analysts forecast that Cooper Tire & Rubber will post $3.40 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, August 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 11.67%.

A number of hedge funds have recently bought and sold shares of CTB. Cipher Capital LP raised its position in shares of Cooper Tire & Rubber by 679.0% during the 2nd quarter. Cipher Capital LP now owns 45,647 shares of the company’s stock valued at $1,648,000 after acquiring an additional 39,787 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Cooper Tire & Rubber by 39.4% during the 2nd quarter. Victory Capital Management Inc. now owns 1,047,537 shares of the company’s stock valued at $37,817,000 after acquiring an additional 296,340 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Cooper Tire & Rubber by 487.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,905 shares of the company’s stock valued at $351,000 after acquiring an additional 6,559 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of Cooper Tire & Rubber by 2.6% during the 2nd quarter. Federated Investors Inc. PA now owns 152,705 shares of the company’s stock valued at $5,513,000 after acquiring an additional 3,871 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Cooper Tire & Rubber during the 1st quarter valued at $403,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.

About Cooper Tire & Rubber

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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