Cooper Tire & Rubber Co. (NYSE:CTB) traded down 1.4% on Thursday . The stock traded as low as $33.60 and last traded at $34.07, with a volume of 190,293 shares traded. The stock had previously closed at $34.57.

Several equities research analysts have weighed in on the company. FBR & Co reaffirmed a “buy” rating on shares of Cooper Tire & Rubber Co. in a research report on Monday, May 2nd. Standpoint Research assumed coverage on Cooper Tire & Rubber Co. in a research report on Friday, May 27th. They issued a “buy” rating and a $40.00 target price on the stock. Northcoast Research raised Cooper Tire & Rubber Co. from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, July 26th. Off Wall Street reaffirmed a “sell” rating on shares of Cooper Tire & Rubber Co. in a research report on Tuesday, June 28th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $37.00 target price (down from $41.00) 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 given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.30.

The firm has a market cap of $1.85 billion and a P/E ratio of 7.96. The company’s 50-day moving average price is $32.37 and its 200 day moving average price is $34.04.

Cooper Tire & Rubber Co. (NYSE:CTB) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.20. The firm had revenue of $740 million for the quarter, compared to analyst estimates of $751.81 million. During the same period in the previous year, the business posted $1.03 EPS. Cooper Tire & Rubber Co.’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Cooper Tire & Rubber Co. will post $4.30 EPS for the current fiscal year.

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

Other hedge funds have recently made changes to their positions in the company. King Luther Capital Management Corp raised its stake in shares of Cooper Tire & Rubber Co. by 19,726.1% in the fourth quarter. King Luther Capital Management Corp now owns 1,665,390 shares of the company’s stock valued at $63,301,000 after buying an additional 1,656,990 shares during the last quarter. KBC Group NV raised its stake 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 valued at $2,297,000 after buying an additional 15,280 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Cooper Tire & Rubber Co. during the fourth quarter valued at $2,320,000. Finally, Morgan Stanley raised its stake in shares of 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 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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