Shares of Cooper Tire & Rubber Co (NYSE:CTB) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $40.00.

A number of analysts recently weighed in on CTB shares. Northcoast Research restated a “buy” rating on shares of Cooper Tire & Rubber in a report on Monday, June 25th. Zacks Investment Research upgraded Cooper Tire & Rubber from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Longbow Research reaffirmed a “hold” rating on shares of Cooper Tire & Rubber in a research report on Monday, August 6th. ValuEngine raised shares of Cooper Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 7th. Finally, Wolfe Research began coverage on shares of Cooper Tire & Rubber in a research report on Tuesday, October 2nd. They set an “underperform” rating on the stock.

NYSE CTB opened at $23.68 on Wednesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 7.79, a P/E/G ratio of 5.04 and a beta of 0.66. Cooper Tire & Rubber has a twelve month low of $22.58 and a twelve month high of $40.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.58 and a quick ratio of 1.53.

Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $698.00 million during the quarter, compared to the consensus estimate of $679.75 million. Cooper Tire & Rubber had a return on equity of 9.24% and a net margin of 1.53%. Cooper Tire & Rubber’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. On average, sell-side analysts anticipate that Cooper Tire & Rubber will post 1.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 4th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.77%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 13.55%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Cooper Tire & Rubber by 25.6% during the second quarter. BlackRock Inc. now owns 7,045,283 shares of the company’s stock valued at $185,291,000 after acquiring an additional 1,434,369 shares during the last quarter. Fairpointe Capital LLC boosted its position in Cooper Tire & Rubber by 5.7% during the second quarter. Fairpointe Capital LLC now owns 4,424,985 shares of the company’s stock valued at $116,377,000 after acquiring an additional 239,226 shares during the last quarter. FMR LLC boosted its position in Cooper Tire & Rubber by 76.4% during the second quarter. FMR LLC now owns 3,081,168 shares of the company’s stock valued at $81,035,000 after acquiring an additional 1,334,340 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in Cooper Tire & Rubber by 31.5% during the second quarter. Deprince Race & Zollo Inc. now owns 2,391,575 shares of the company’s stock valued at $62,898,000 after acquiring an additional 573,398 shares during the last quarter. Finally, Boston Partners boosted its position in Cooper Tire & Rubber by 0.8% during the second quarter. Boston Partners now owns 897,981 shares of the company’s stock valued at $23,617,000 after acquiring an additional 7,519 shares during the last quarter.

Cooper Tire & Rubber Company Profile

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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

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