Shares of Cooper Tire & Rubber Co (NYSE:CTB) have received a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $33.67.

A number of research analysts recently issued reports on the stock. KeyCorp reiterated a “buy” rating and set a $235.00 target price on shares of Workday in a research report on Wednesday, May 22nd. Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a report on Sunday, July 7th. Finally, Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a report on Monday, July 1st.

Shares of Cooper Tire & Rubber stock traded down $0.17 during trading on Friday, reaching $30.50. 4,515 shares of the company traded hands, compared to its average volume of 220,929. The company has a quick ratio of 1.15, a current ratio of 1.93 and a debt-to-equity ratio of 0.10. Cooper Tire & Rubber has a 1-year low of $23.27 and a 1-year high of $35.36. The company has a 50 day moving average price of $30.36. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.00 and a beta of 0.68.

Cooper Tire & Rubber (NYSE:CTB) last released its earnings results on Monday, April 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $619.20 million for the quarter, compared to analyst estimates of $608.14 million. During the same quarter in the previous year, the firm earned $0.16 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Cooper Tire & Rubber will post 2.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.105 per share. The ex-dividend date was Friday, May 31st. This represents a $0.42 annualized dividend and a yield of 1.38%. Cooper Tire & Rubber’s payout ratio is 19.27%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in Cooper Tire & Rubber during the fourth quarter worth $39,000. Captrust Financial Advisors purchased a new stake in shares of Cooper Tire & Rubber in the fourth quarter valued at about $40,000. Quantamental Technologies LLC purchased a new stake in shares of Cooper Tire & Rubber in the first quarter valued at about $42,000. Advisor Group Inc. raised its holdings in shares of Cooper Tire & Rubber by 20.3% in the fourth quarter. Advisor Group Inc. now owns 2,153 shares of the company’s stock valued at $69,000 after purchasing an additional 363 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in shares of Cooper Tire & Rubber in the first quarter valued at about $99,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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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