News coverage about Cooper Tire & Rubber (NYSE:CTB) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cooper Tire & Rubber earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Cooper Tire & Rubber Company (NYSE:CTB) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Cooper Tire & Rubber Co. breached its 50 day moving average in a Bullish Manner : CTB-US : July 14, 2017 (finance.yahoo.com)
- CLSA Begins Coverage on The Goodyear Tire & Rubber Company (NASDAQ:GT) (ismboard.com)
- Cooper Tire & Rubber Company’s (CTB) Hold Rating Reiterated at Jefferies Group LLC (nolopodrasdejardever.com)
CTB has been the topic of a number of research analyst reports. FBR & Co increased their price objective on shares of Cooper Tire & Rubber from $48.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, March 23rd. Northcoast Research cut shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 18th. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, April 25th. Standpoint Research raised shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $40.00 target price on shares of Cooper Tire & Rubber in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $41.57.
Shares of Cooper Tire & Rubber (NYSE CTB) opened at 37.55 on Tuesday. The stock’s 50 day moving average price is $36.33 and its 200 day moving average price is $38.94. The company has a market cap of $1.99 billion, a P/E ratio of 9.29 and a beta of -0.02. Cooper Tire & Rubber has a 12-month low of $29.74 and a 12-month high of $44.50.
Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.12. The firm had revenue of $643.03 million for the quarter, compared to analyst estimates of $687.92 million. Cooper Tire & Rubber had a return on equity of 20.38% and a net margin of 7.54%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 EPS. On average, analysts forecast that Cooper Tire & Rubber will post $3.54 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 1st were given a $0.105 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.12%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 10.45%.
Cooper Tire & Rubber 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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