Equities research analysts at KeyCorp began coverage on shares of Cooper Tire & Rubber (NYSE:CTB) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $36.00 price target on the stock. KeyCorp’s price target would suggest a potential upside of 25.74% from the stock’s previous close.

A number of other analysts also recently issued reports on CTB. Zacks Investment Research downgraded Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. TheStreet downgraded Cooper Tire & Rubber from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.32.

NYSE CTB traded up $0.03 during mid-day trading on Wednesday, hitting $28.63. The stock had a trading volume of 13,468 shares, compared to its average volume of 431,087. Cooper Tire & Rubber has a twelve month low of $23.27 and a twelve month high of $35.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.93. The company has a market cap of $1.45 billion, a P/E ratio of 13.13 and a beta of 0.59.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). Cooper Tire & Rubber had a net margin of 2.66% and a return on equity of 9.25%. The firm had revenue of $619.20 million during the quarter, compared to analyst estimates of $608.14 million. During the same period in the prior year, the company posted $0.16 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Cooper Tire & Rubber will post 2.43 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of Cooper Tire & Rubber during the 4th quarter worth $39,000. Captrust Financial Advisors purchased a new position in shares of Cooper Tire & Rubber during the 4th quarter worth $40,000. Quantamental Technologies LLC purchased a new position in shares of Cooper Tire & Rubber during the 1st quarter worth $42,000. KBC Group NV grew its holdings in shares of Cooper Tire & Rubber by 98.7% during the 4th quarter. KBC Group NV now owns 1,685 shares of the company’s stock worth $54,000 after purchasing an additional 837 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Cooper Tire & Rubber during the 4th quarter worth $63,000. 94.87% of the stock is owned by institutional investors and hedge funds.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells 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, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.

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