Cooper Tire & Rubber (NYSE:CTB) was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a report issued on Monday, The Fly reports.

Several other analysts have also recently commented on the stock. ValuEngine cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Longbow Research reiterated a “hold” rating on shares of Cooper Tire & Rubber in a research note on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.

Shares of NYSE CTB opened at $34.65 on Monday. The company has a quick ratio of 1.59, a current ratio of 2.55 and a debt-to-equity ratio of 0.24. Cooper Tire & Rubber has a 52 week low of $22.58 and a 52 week high of $40.78. The stock has a market capitalization of $1.64 billion, a P/E ratio of 11.18, a P/E/G ratio of 3.95 and a beta of 0.57.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Monday, October 29th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.62. Cooper Tire & Rubber had a net margin of 1.25% and a return on equity of 8.58%. The firm had revenue of $737.70 million during the quarter, compared to analysts’ expectations of $748.54 million. During the same quarter last year, the business earned $1.18 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts anticipate that Cooper Tire & Rubber will post 2.08 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Riverhead Capital Management LLC increased its holdings in Cooper Tire & Rubber by 48.0% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,320 shares of the company’s stock valued at $235,000 after acquiring an additional 2,700 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Cooper Tire & Rubber by 12.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 453,710 shares of the company’s stock valued at $12,840,000 after acquiring an additional 50,039 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Cooper Tire & Rubber during the 3rd quarter valued at about $109,000. United Services Automobile Association increased its holdings in Cooper Tire & Rubber by 30.2% during the 3rd quarter. United Services Automobile Association now owns 136,032 shares of the company’s stock valued at $3,850,000 after acquiring an additional 31,591 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA purchased a new position in Cooper Tire & Rubber during the 3rd quarter valued at about $15,111,000.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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