Cooper Tire & Rubber (NYSE:CTB) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the stock. FBR & Co reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a report on Tuesday, October 31st. KeyCorp reaffirmed a “buy” rating and set a $42.00 price target on shares of Cooper Tire & Rubber in a report on Wednesday, November 1st. Jefferies Group reaffirmed a “hold” rating and set a $40.00 price target on shares of Cooper Tire & Rubber in a report on Sunday, September 10th. Deutsche Bank lifted their price target on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Shares of Cooper Tire & Rubber (NYSE:CTB) traded up $0.31 during trading hours on Thursday, reaching $36.75. 611,922 shares of the company’s stock traded hands, compared to its average volume of 731,824. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 1.59. Cooper Tire & Rubber has a twelve month low of $31.55 and a twelve month high of $44.50. The stock has a market capitalization of $1,838.17, a P/E ratio of 9.24, a P/E/G ratio of 1.16 and a beta of -0.01.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The business had revenue of $733.80 million for the quarter, compared to the consensus estimate of $779.02 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. research analysts expect that Cooper Tire & Rubber will post 3.22 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in CTB. Deprince Race & Zollo Inc. lifted its holdings in shares of Cooper Tire & Rubber by 3,781.2% in the third quarter. Deprince Race & Zollo Inc. now owns 1,139,284 shares of the company’s stock worth $42,609,000 after buying an additional 1,109,930 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Cooper Tire & Rubber in the second quarter worth $25,270,000. Russell Investments Group Ltd. lifted its holdings in shares of Cooper Tire & Rubber by 1,109.8% in the third quarter. Russell Investments Group Ltd. now owns 522,894 shares of the company’s stock worth $19,556,000 after buying an additional 479,671 shares in the last quarter. Fairpointe Capital LLC lifted its holdings in shares of Cooper Tire & Rubber by 14.8% in the second quarter. Fairpointe Capital LLC now owns 3,377,104 shares of the company’s stock worth $121,914,000 after buying an additional 436,279 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Cooper Tire & Rubber by 14.3% in the second quarter. Royce & Associates LP now owns 2,955,339 shares of the company’s stock worth $106,688,000 after buying an additional 369,045 shares in the last quarter.

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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.

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

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