Media headlines about Cooper Tire & Rubber (NYSE:CTB) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cooper Tire & Rubber earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.2413847014949 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Cooper Tire & Rubber stock traded up $0.85 on Monday, hitting $27.75. The company had a trading volume of 18,273 shares, compared to its average volume of 971,492. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.59 and a quick ratio of 1.50. The stock has a market capitalization of $1.36 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. Cooper Tire & Rubber has a 52 week low of $22.58 and a 52 week high of $40.78.
Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, April 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.41). The company had revenue of $601.50 million during the quarter, compared to the consensus estimate of $641.21 million. Cooper Tire & Rubber had a net margin of 2.60% and a return on equity of 11.73%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. analysts forecast that Cooper Tire & Rubber will post 1.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 31st. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 13.55%.
Several brokerages have commented on CTB. Zacks Investment Research lowered shares of Cooper Tire & Rubber from a “hold” rating to a “strong sell” rating in a research note on Friday, May 4th. B. Riley dropped their price target on shares of Cooper Tire & Rubber from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, May 1st. ValuEngine lowered shares of Cooper Tire & Rubber from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. JPMorgan Chase & Co. dropped their price target on shares of Cooper Tire & Rubber from $40.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 1st. Finally, Longbow Research lowered shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Cooper Tire & Rubber currently has a consensus rating of “Hold” and a consensus price target of $41.50.
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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