Standpoint Research Upgrades Cooper Tire & Rubber Company (CTB) to “Accumulate”

Cooper Tire & Rubber Company (NYSE:CTB) was upgraded by research analysts at Standpoint Research from a “hold” rating to an “accumulate” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts also recently issued reports on CTB. FBR & Co reissued a “positive” rating and issued a $48.00 price target on shares of Cooper Tire & Rubber Company in a research note on Tuesday, February 21st. J P Morgan Chase & Co raised shares of Cooper Tire & Rubber Company from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $47.00 to $51.00 in a research note on Tuesday, March 14th. Northcoast Research downgraded shares of Cooper Tire & Rubber Company from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 18th. Finally, Zacks Investment Research raised shares of Cooper Tire & Rubber Company from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Cooper Tire & Rubber Company presently has an average rating of “Hold” and a consensus target price of $41.14.

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

Shares of Cooper Tire & Rubber Company (CTB) traded up 0.70% during trading on Tuesday, reaching $36.00. 232,664 shares of the company’s stock were exchanged. Cooper Tire & Rubber Company has a 12-month low of $29.29 and a 12-month high of $44.50. The company has a 50 day moving average of $36.99 and a 200 day moving average of $39.11. The stock has a market cap of $1.91 billion, a P/E ratio of 8.90 and a beta of 0.05.

Cooper Tire & Rubber Company (NYSE:CTB) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $643.03 million during the quarter, compared to analysts’ expectations of $687.92 million. Cooper Tire & Rubber Company had a net margin of 7.54% and a return on equity of 20.38%. Cooper Tire & Rubber Company’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. Equities research analysts anticipate that Cooper Tire & Rubber Company will post $3.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 1st will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 30th. Cooper Tire & Rubber Company’s payout ratio is currently 10.45%.

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A number of large investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC increased its stake in shares of Cooper Tire & Rubber Company by 130.2% in the first quarter. Piedmont Investment Advisors LLC now owns 22,576 shares of the company’s stock valued at $1,001,000 after buying an additional 12,768 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Cooper Tire & Rubber Company by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 63,277 shares of the company’s stock valued at $2,806,000 after buying an additional 348 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Cooper Tire & Rubber Company during the first quarter valued at $519,000. FNY Partners Fund LP acquired a new stake in shares of Cooper Tire & Rubber Company during the first quarter valued at $110,000. Finally, Cambria Investment Management L.P. increased its stake in shares of Cooper Tire & Rubber Company by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 35,430 shares of the company’s stock valued at $1,571,000 after buying an additional 433 shares during the last quarter. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Tire & Rubber Company Company Profile

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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