Cooper Tire & Rubber Company (NYSE:CTB) has been given an average rating of “Hold” by the ten brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $42.00.

CTB has been the subject of several analyst reports. Northcoast Research downgraded shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating in a report on Tuesday, April 18th. Standpoint Research raised shares of Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Jefferies Group LLC reissued a “hold” rating and set a $40.00 price target on shares of Cooper Tire & Rubber in a report on Thursday, July 6th. Finally, BidaskClub raised shares of Cooper Tire & Rubber from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th.

A number of large investors have recently bought and sold shares of CTB. FNY Partners Fund LP bought a new stake in Cooper Tire & Rubber during the first quarter valued at $110,000. Flinton Capital Management LLC bought a new stake in Cooper Tire & Rubber during the first quarter valued at $112,000. Creative Planning boosted its stake in Cooper Tire & Rubber by 5.3% in the first quarter. Creative Planning now owns 2,585 shares of the company’s stock valued at $115,000 after buying an additional 129 shares during the last quarter. Neuburgh Advisers LLC bought a new stake in Cooper Tire & Rubber during the first quarter valued at $136,000. Finally, Riverhead Capital Management LLC boosted its stake in Cooper Tire & Rubber by 75.2% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock valued at $145,000 after buying an additional 1,729 shares during the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

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Cooper Tire & Rubber (NYSE:CTB) traded up 0.60% on Friday, reaching $33.80. 606,202 shares of the company’s stock traded hands. The stock has a market capitalization of $1.76 billion, a PE ratio of 9.35 and a beta of -0.02. Cooper Tire & Rubber has a 52-week low of $33.11 and a 52-week high of $44.50. The firm’s 50-day moving average is $36.50 and its 200 day moving average is $38.63.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. Cooper Tire & Rubber had a net margin of 6.71% and a return on equity of 17.67%. The firm had revenue of $720.75 million during the quarter, compared to the consensus estimate of $775 million. During the same period last year, the firm posted $1.27 EPS. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts forecast that Cooper Tire & Rubber will post $3.40 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, August 30th. Cooper Tire & Rubber’s payout ratio is presently 11.67%.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

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

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