Media headlines about Cooper Tire & Rubber (NYSE:CTB) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media 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 daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.2454421747803 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have issued reports on CTB shares. Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, January 12th. Northcoast Research upgraded shares of Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. B. Riley reiterated a “buy” rating and issued a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. ValuEngine upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $42.00 price target on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.29.
Shares of Cooper Tire & Rubber (NYSE:CTB) opened at $39.70 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 1.59. Cooper Tire & Rubber has a 52 week low of $31.55 and a 52 week high of $44.50. The stock has a market cap of $2,068.90, a price-to-earnings ratio of 10.23 and a beta of 0.07.
Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The firm had revenue of $733.80 million for the quarter, compared to analyst estimates of $779.02 million. During the same period in the previous year, the business earned $1.04 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. equities research analysts anticipate that Cooper Tire & Rubber will post 3.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 10.82%.
About Cooper Tire & Rubber
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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