Cooper Tire & Rubber Co. (NYSE:CTB) gapped up before the market opened on Thursday . The stock had previously closed at $33.81, but opened at $33.83. Cooper Tire & Rubber Co. shares last traded at $34.20, with a volume of 194,348 shares traded.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Cooper Tire & Rubber Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th. Jefferies Group restated 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 report on Monday, May 2nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $47.00 price target (up previously from $44.00) on shares of Cooper Tire & Rubber Co. in a research report on Monday, May 2nd. Deutsche Bank AG dropped their price target on shares of Cooper Tire & Rubber Co. from $40.00 to $39.00 and set a “hold” rating on the stock in a research report on Friday, August 5th. Finally, FBR & Co restated a “buy” rating on shares of Cooper Tire & Rubber Co. in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.30.

The company has a market capitalization of $1.85 billion and a P/E ratio of 7.96. The firm’s 50 day moving average is $31.44 and its 200-day moving average is $34.15.

Cooper Tire & Rubber Co. (NYSE:CTB) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.20. During the same quarter in the previous year, the business earned $1.03 earnings per share. The business had revenue of $740 million for the quarter, compared to the consensus estimate of $751.81 million. The firm’s revenue was down 1.6% on a year-over-year basis. Equities research analysts expect that Cooper Tire & Rubber Co. will post $4.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, August 31st.

Several hedge funds recently added to or reduced their stakes in CTB. Dimensional Fund Advisors LP raised its stake in Cooper Tire & Rubber Co. by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,020,937 shares of the company’s stock worth $76,495,000 after buying an additional 66,146 shares during the period. Principal Financial Group Inc. raised its stake in 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 period. Victory Capital Management Inc. raised its stake in Cooper Tire & Rubber Co. by 24.3% in the fourth quarter. Victory Capital Management Inc. now owns 704,259 shares of the company’s stock worth $26,656,000 after buying an additional 137,643 shares during the period. Morgan Stanley raised its stake in Cooper Tire & Rubber Co. by 9.1% in the fourth quarter. Morgan Stanley now owns 516,743 shares of the company’s stock worth $19,558,000 after buying an additional 43,088 shares during the period. Finally, WBI Investments Inc. bought a new stake in Cooper Tire & Rubber Co. during the fourth quarter worth $4,232,000.

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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