Somewhat Positive Media Coverage Somewhat Unlikely to Affect Cooper Tire & Rubber (NYSE:CTB) Share Price
Media headlines about Cooper Tire & Rubber (NYSE:CTB) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cooper Tire & Rubber earned a news impact score of 0.22 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.2264496863505 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Cooper Tire & Rubber Company (NYSE:CTB) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Cooper Tire & Rubber Company Issues 2016 Global Sustainability Report (finance.yahoo.com)
- Cooper Tire & Rubber Company (CTB) Presents At J.P. Morgan Auto Conference – Slideshow (seekingalpha.com)
- Cooper Tire and Consortium Partners Complete $6.9 Million USDA Grant to Study Guayule Polymer for Tire Applications (finance.yahoo.com)
- Jefferies Group Comments on Cooper Tire & Rubber Company’s FY2017 Earnings (NYSE:CTB) (americanbankingnews.com)
CTB has been the subject of several research reports. BidaskClub lowered Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Deutsche Bank AG boosted their price objective on Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and set a $40.00 price objective on shares of Cooper Tire & Rubber in a research note on Thursday, July 6th. Finally, Standpoint Research upgraded Cooper Tire & Rubber from a “hold” rating to an “accumulate” rating in a research note on Tuesday, June 20th. Two 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.00.
Cooper Tire & Rubber (NYSE CTB) traded up 0.60% during midday trading on Friday, hitting $33.80. The stock had a trading volume of 606,202 shares. Cooper Tire & Rubber has a 12-month low of $33.11 and a 12-month high of $44.50. The stock has a 50-day moving average price of $36.45 and a 200 day moving average price of $38.62. The firm has a market cap of $1.76 billion, a P/E ratio of 9.35 and a beta of -0.02.
Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $720.75 million during the quarter, compared to analysts’ expectations of $775 million. During the same period last year, the company posted $1.27 EPS. The company’s revenue was down 2.6% on a year-over-year basis. On average, equities analysts anticipate that Cooper Tire & Rubber will post $3.40 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.105 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.24%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 11.67%.
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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.
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