Cooper Tire & Rubber Co. (NYSE:CTB) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $38.75.

A number of research analysts have commented on CTB shares. Zacks Investment Research raised shares of Cooper Tire & Rubber Co. from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, August 10th. FBR & Co reissued a “buy” rating and set a $48.00 price target on shares of Cooper Tire & Rubber Co. in a research report on Thursday, September 22nd. Deutsche Bank AG reduced 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. Jefferies Group reissued a “hold” rating and set a $37.00 price target on shares of Cooper Tire & Rubber Co. in a research report on Wednesday, October 19th. Finally, Standpoint Research cut shares of Cooper Tire & Rubber Co. from a “buy” rating to a “hold” rating in a research report on Friday, October 7th.

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Cooper Tire & Rubber Co. (NYSE:CTB) traded down 1.15% during mid-day trading on Wednesday, reaching $38.65. 165,566 shares of the company were exchanged. The stock has a 50-day moving average of $36.74 and a 200 day moving average of $33.90. Cooper Tire & Rubber Co. has a 1-year low of $29.29 and a 1-year high of $42.51. The firm has a market capitalization of $2.07 billion, a P/E ratio of 9.05 and a beta of 0.05.

Cooper Tire & Rubber Co. (NYSE:CTB) last posted its earnings results on Monday, October 31st. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. Cooper Tire & Rubber Co. had a net margin of 8.17% and a return on equity of 23.13%. The company had revenue of $751 million for the quarter, compared to analysts’ expectations of $689.09 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. Cooper Tire & Rubber Co.’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts forecast that Cooper Tire & Rubber Co. will post $4.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Friday, December 2nd will be paid a $0.105 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.42 annualized dividend and a yield of 1.07%. Cooper Tire & Rubber Co.’s dividend payout ratio is currently 9.86%.

In other Cooper Tire & Rubber Co. news, Director John J. Holland sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $37.86, for a total value of $151,440.00. Following the transaction, the director now directly owns 5,913 shares in the company, valued at $223,866.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in CTB. Geode Capital Management LLC raised its position in shares of Cooper Tire & Rubber Co. by 1.7% in the first quarter. Geode Capital Management LLC now owns 489,834 shares of the company’s stock valued at $18,132,000 after buying an additional 8,190 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Cooper Tire & Rubber Co. by 48.7% in the first quarter. Renaissance Technologies LLC now owns 364,400 shares of the company’s stock valued at $13,490,000 after buying an additional 119,300 shares in the last quarter. AMP Capital Investors Ltd raised its position in shares of Cooper Tire & Rubber Co. by 43.6% in the first quarter. AMP Capital Investors Ltd now owns 19,100 shares of the company’s stock valued at $699,000 after buying an additional 5,800 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of 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 in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in shares of Cooper Tire & Rubber Co. by 1.8% in the second quarter. Gateway Investment Advisers LLC now owns 189,899 shares of the company’s stock valued at $5,663,000 after buying an additional 3,432 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

About Cooper Tire & Rubber Co.

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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