Cooper Tire & Rubber Co. (NYSE:CTB) shares 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 changing hands.

A number of research analysts have commented on the company. Goldman Sachs Group Inc. reaffirmed a “hold” rating and set a $38.00 price target (down previously from $39.00) on shares of Cooper Tire & Rubber Co. in a research report on Tuesday, May 3rd. FBR & Co reissued a “buy” rating on shares of Cooper Tire & Rubber Co. in a research report on Monday, May 2nd. Zacks Investment Research lowered Cooper Tire & Rubber Co. from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank AG decreased their target price on Cooper Tire & Rubber Co. from $40.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $47.00 target price (up previously from $44.00) 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, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $39.30.

The company has a market capitalization of $1.84 billion and a P/E ratio of 7.91. The firm’s 50-day moving average price is $31.51 and its 200-day moving average price is $34.14.

Cooper Tire & Rubber Co. (NYSE:CTB) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.20. During the same quarter in the prior year, the business posted $1.03 EPS. The company earned $740 million during the quarter, compared to analysts’ expectations of $751.81 million. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that Cooper Tire & Rubber Co. will post $4.30 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be given a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.42 annualized dividend and a yield of 1.24%.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the company. KBC Group NV raised 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 in the last quarter. Marshall Wace LLP bought a new position in Cooper Tire & Rubber Co. during the fourth quarter valued at approximately $2,320,000. Bank of Montreal Can raised 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 in the last quarter. Cornerstone Capital Management Holdings LLC. raised 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 in the last quarter. Finally, Morgan Stanley raised its position in Cooper Tire & Rubber Co. by 9.1% in the fourth quarter. Morgan Stanley now owns 516,743 shares of the company’s stock valued at $19,558,000 after buying an additional 43,088 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 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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