Cooper Tire & Rubber Co. (NYSE:CTB) dropped 3.1% on Tuesday . The stock traded as low as $30.00 and last traded at $30.03, with a volume of 398,002 shares traded. The stock had previously closed at $31.00.

A number of research analysts recently commented on the company. Off Wall Street reissued a “sell” rating on shares of Cooper Tire & Rubber Co. in a report on Tuesday, June 28th. KeyCorp raised Cooper Tire & Rubber Co. from a “sector weight” rating to an “overweight” rating and set a $43.00 price target for the company in a report on Thursday, April 7th. Zacks Investment Research downgraded Cooper Tire & Rubber Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 26th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $47.00 price target (up previously from $44.00) on shares of Cooper Tire & Rubber Co. in a report on Monday, May 2nd. Finally, Goldman Sachs Group Inc. reissued a “hold” rating and issued a $38.00 price target (down previously from $39.00) on shares of Cooper Tire & Rubber Co. in a report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.78.

The stock’s 50 day moving average is $30.89 and its 200 day moving average is $34.49. The stock has a market cap of $1.65 billion and a PE ratio of 7.35.

Cooper Tire & Rubber Co. (NYSE:CTB) last issued its quarterly earnings data on Friday, April 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. During the same quarter in the prior year, the business earned $0.69 earnings per share. The business had revenue of $650 million for the quarter, compared to analyst estimates of $673.18 million. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Cooper Tire & Rubber Co. will post $4.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 2nd were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, May 31st.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in 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 valued at $1,081,000 after buying an additional 13,645 shares during the period. KBC Group NV boosted its position in Cooper Tire & Rubber Co. by 33.7% in the fourth quarter. KBC Group NV now owns 60,677 shares of the company’s stock valued at $2,297,000 after buying an additional 15,280 shares during the period. Marshall Wace LLP purchased a new position in Cooper Tire & Rubber Co. during the fourth quarter valued at $2,320,000. Bank of Montreal Can boosted its position in Cooper Tire & Rubber Co. by 346.7% in the fourth quarter. Bank of Montreal Can now owns 101,320 shares of the company’s stock valued at $3,835,000 after buying an additional 78,637 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Cooper Tire & Rubber Co. by 34.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 103,870 shares of the company’s stock valued at $3,931,000 after buying an additional 26,370 shares during the period.

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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