Cooper Tire & Rubber Co. (NYSE:CTB) saw unusually-high trading volume on Monday . Approximately 599,526 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 655,004 shares.The stock last traded at $30.77 and had previously closed at $30.87.

CTB has been the topic of several recent analyst reports. Off Wall Street reissued a “sell” rating on shares of Cooper Tire & Rubber Co. in a research note on Tuesday, June 28th. Standpoint Research assumed coverage on shares of Cooper Tire & Rubber Co. in a research note on Friday, May 27th. They issued a “buy” rating and a $40.00 price target on the stock. KeyCorp raised shares of Cooper Tire & Rubber Co. from a “sector weight” rating to an “overweight” rating and set a $43.00 price target on the stock in a research note on Thursday, April 7th. Zacks Investment Research downgraded shares of Cooper Tire & Rubber Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $37.00 price target (down previously from $41.00) on shares of Cooper Tire & Rubber Co. in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.78.

The firm has a market cap of $1.71 billion and a P/E ratio of 7.64. The stock has a 50-day moving average of $30.89 and a 200 day moving average of $34.49.

Cooper Tire & Rubber Co. (NYSE:CTB) last released its quarterly earnings data on Friday, April 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.08. The business earned $650 million during the quarter, compared to analysts’ expectations of $673.18 million. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. On average, equities analysts anticipate that Cooper Tire & Rubber Co. will post $4.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 2nd were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.35%. The ex-dividend date was Tuesday, May 31st.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Russell Frank Co boosted its position in shares of Cooper Tire & Rubber Co. by 85.1% in the fourth quarter. Russell Frank Co now owns 290,833 shares of the company’s stock worth $11,246,000 after buying an additional 133,715 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Cooper Tire & Rubber Co. by 4.5% in the fourth quarter. Nationwide Fund Advisors now owns 160,823 shares of the company’s stock worth $6,087,000 after buying an additional 6,949 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Cooper Tire & Rubber Co. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 106,717 shares of the company’s stock worth $4,039,000 after buying an additional 1,778 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Cooper Tire & Rubber Co. by 8.5% in the fourth quarter. California Public Employees Retirement System now owns 209,527 shares of the company’s stock worth $7,931,000 after buying an additional 16,500 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Cooper Tire & Rubber Co. by 91.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 28,509 shares of the company’s stock worth $1,081,000 after buying an additional 13,645 shares in the last quarter.

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck, motorcycle and racing tires. The Company operates in two segments: Americas Tire Operations and International Tire Operations.

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