Cooper Tire & Rubber Co. (NYSE:CTB)‘s stock had its “buy” rating reaffirmed by stock analysts at FBR & Co in a research report issued to clients and investors on Thursday. They presently have a $48.00 target price on the stock. FBR & Co’s price objective points to a potential upside of 32.93% from the stock’s current price.

The analysts wrote, “We recently traveled with Cooper Tire & Rubber and are providing investors with four key takeaways that we believe continue to frame our investment thesis and answer some of the debate around CTB shares. With the DOC’s announcement of preliminary tariff levels on Chinese-made TBR tires, a critical debate that we think was a sticking point for some investors is now behind us. Fundamentals like pricing and volume are back in the spotlight, and in both cases Cooper seems well positioned. A slow climb in raw material pricing could flow down to consumers, and Cooper’s healthy new business pipeline in the OE market could present an opportunity to outpace the low-single-digit industry growth. Additionally, we believe that Cooper’s investments into rubber derived from the U.S.-grown guayule plant offer input cost savings over the long term that are not well-known.””

A number of other analysts also recently issued reports on CTB. Standpoint Research began coverage on Cooper Tire & Rubber Co. in a research report on Friday, May 27th. They set a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research raised Cooper Tire & Rubber Co. from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Wednesday, August 10th. Deutsche Bank AG dropped 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. JPMorgan Chase & Co. dropped their target price on Cooper Tire & Rubber Co. from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, August 5th. Finally, Off Wall Street reaffirmed a “sell” rating on shares of Cooper Tire & Rubber Co. in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Cooper Tire & Rubber Co. currently has a consensus rating of “Hold” and a consensus target price of $39.30.

Analyst Recommendations for Cooper Tire & Rubber Co. (NYSE:CTB)

Cooper Tire & Rubber Co. (NYSE:CTB) traded up 1.47% during trading on Thursday, hitting $36.64. 120,764 shares of the stock traded hands. Cooper Tire & Rubber Co. has a 12 month low of $29.29 and a 12 month high of $43.40. The company has a market cap of $1.98 billion, a P/E ratio of 8.54 and a beta of 0.61. The company’s 50 day moving average price is $34.24 and its 200 day moving average price is $33.60.

Cooper Tire & Rubber Co. (NYSE:CTB) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.20. The firm earned $740 million during the quarter, compared to the consensus estimate of $751.81 million. Cooper Tire & Rubber Co. had a return on equity of 23.50% and a net margin of 8.22%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. On average, equities research analysts anticipate that Cooper Tire & Rubber Co. will post $4.30 EPS 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 $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, August 31st. Cooper Tire & Rubber Co.’s payout ratio is presently 9.79%.

Several institutional investors have recently made changes to their positions in CTB. Sei Investments Co. boosted its stake in Cooper Tire & Rubber Co. by 190.7% in the second quarter. Sei Investments Co. now owns 3,340 shares of the company’s stock valued at $100,000 after buying an additional 2,191 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Cooper Tire & Rubber Co. by 34.6% in the second quarter. Acrospire Investment Management LLC now owns 3,500 shares of the company’s stock valued at $104,000 after buying an additional 900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Cooper Tire & Rubber Co. by 115.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,703 shares of the company’s stock valued at $137,000 after buying an additional 1,988 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Cooper Tire & Rubber Co. by 184.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,477 shares of the company’s stock valued at $134,000 after buying an additional 2,905 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Cooper Tire & Rubber Co. by 34.4% in the first quarter. BlackRock Inc. now owns 4,891 shares of the company’s stock valued at $180,000 after buying an additional 1,252 shares during the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

Cooper Tire & Rubber Co. Company Profile

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.

5 Day Chart for NYSE:CTB

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