Cooper Tire & Rubber (NYSE:CTB) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $42.14.
A number of equities research analysts have issued reports on CTB shares. Longbow Research started coverage on shares of Cooper Tire & Rubber in a research report on Wednesday, January 31st. They issued a “buy” rating and a $50.00 price objective for the company. JPMorgan Chase dropped their price target on shares of Cooper Tire & Rubber from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. TheStreet cut shares of Cooper Tire & Rubber from a “b” rating to a “c” rating in a research note on Tuesday, February 20th. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Thursday, February 22nd. Finally, ValuEngine cut shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th.
Shares of Cooper Tire & Rubber traded down $0.05, hitting $25.70, during trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 976,217 shares, compared to its average volume of 820,052. The company has a quick ratio of 1.50, a current ratio of 2.59 and a debt-to-equity ratio of 0.25. Cooper Tire & Rubber has a 52 week low of $22.58 and a 52 week high of $40.78. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 2.82 and a beta of 0.46.
Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Monday, April 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.41). Cooper Tire & Rubber had a return on equity of 11.73% and a net margin of 2.60%. The business had revenue of $601.50 million during the quarter, compared to the consensus estimate of $641.21 million. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. equities analysts anticipate that Cooper Tire & Rubber will post 2.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 1st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, May 31st. Cooper Tire & Rubber’s dividend payout ratio is presently 13.55%.
In other news, Director Robert D. Welding bought 1,500 shares of the stock in a transaction on Friday, March 9th. The shares were acquired at an average cost of $32.30 per share, for a total transaction of $48,450.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $96,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.74% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Bruderman Asset Management LLC purchased a new stake in shares of Cooper Tire & Rubber during the 1st quarter valued at $137,000. Elkfork Partners LLC bought a new stake in shares of Cooper Tire & Rubber during the 4th quarter valued at about $168,000. Unison Advisors LLC bought a new stake in shares of Cooper Tire & Rubber during the 4th quarter valued at about $224,000. Fiduciary Trust Co. bought a new stake in shares of Cooper Tire & Rubber during the 1st quarter valued at about $206,000. Finally, Taylor Hoffman Wealth Management bought a new stake in shares of Cooper Tire & Rubber during the 4th quarter valued at about $281,000.
Cooper Tire & Rubber Company Profile
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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