Shares of Cooper Tire & Rubber Co. (NYSE:CTB) traded up 6.5% during trading on Tuesday . The stock traded as high as $32.38 and last traded at $32.25, with a volume of 967,077 shares changing hands. The stock had previously closed at $30.27.

Several analysts have recently commented on the stock. FBR & Co reissued a “buy” rating on shares of Cooper Tire & Rubber Co. in a research note on Monday, May 2nd. Standpoint Research assumed coverage on shares of Cooper Tire & Rubber Co. in a research note on Friday, May 27th. They set a “buy” rating and a $40.00 price target on the stock. Northcoast Research raised shares of Cooper Tire & Rubber Co. from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday. Off Wall Street reissued a “sell” rating on shares of Cooper Tire & Rubber Co. in a research note on Tuesday, June 28th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $37.00 price objective (down from $41.00) on shares of Cooper Tire & Rubber Co. in a research note on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.50.

The stock’s 50-day moving average price is $30.74 and its 200 day moving average price is $34.29. The firm has a market cap of $1.79 billion and a PE ratio of 8.01.

Cooper Tire & Rubber Co. (NYSE:CTB) last announced its quarterly earnings results on Friday, April 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.08. During the same quarter in the previous year, the firm earned $0.69 EPS. The firm earned $650 million during the quarter, compared to the consensus estimate of $673.18 million. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts predict that Cooper Tire & Rubber Co. will post $4.03 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 2nd were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, May 31st.

A number of institutional investors have recently made changes to their positions in CTB. 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 during the last quarter. Principal Financial Group Inc. boosted its position in shares of Cooper Tire & Rubber Co. by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 806,708 shares of the company’s stock worth $30,534,000 after buying an additional 14,033 shares during the last quarter. KBC Group NV boosted its position in shares of Cooper Tire & Rubber Co. by 33.7% in the fourth quarter. KBC Group NV now owns 60,677 shares of the company’s stock worth $2,297,000 after buying an additional 15,280 shares during 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 during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of 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 worth $3,931,000 after buying an additional 26,370 shares during 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 sell medium truck, motorcycle and racing tires. It has four business segments: North America, composed of its operations in the United States and Canada; Latin America, composed of its operations in Mexico, Central America and South America; Europe, and Asia.

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