Cooper Tire & Rubber (CTB) Given a $38.00 Price Target at Northcoast Research
A number of other research analysts have also weighed in on CTB. Longbow Research reissued a hold rating on shares of Cooper Tire & Rubber in a research note on Monday, August 6th. ValuEngine raised Cooper Tire & Rubber from a strong sell rating to a sell rating in a research note on Tuesday, August 7th. Wolfe Research started coverage on Cooper Tire & Rubber in a research note on Tuesday, October 2nd. They set an underperform rating on the stock. Finally, Zacks Investment Research raised Cooper Tire & Rubber from a sell rating to a hold rating in a research note on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $39.60.
CTB stock opened at $33.76 on Tuesday. Cooper Tire & Rubber has a 1 year low of $22.58 and a 1 year high of $40.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.59 and a current ratio of 2.55. The company has a market capitalization of $1.69 billion, a P/E ratio of 10.89, a P/E/G ratio of 4.07 and a beta of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Friday, November 30th. Cooper Tire & Rubber’s dividend payout ratio is presently 13.55%.
Institutional investors have recently modified their holdings of the business. Brand Asset Management Group Inc. purchased a new position in shares of Cooper Tire & Rubber during the 2nd quarter worth $107,000. Tower Research Capital LLC TRC purchased a new position in shares of Cooper Tire & Rubber during the 3rd quarter worth $109,000. Jane Street Group LLC purchased a new position in shares of Cooper Tire & Rubber during the 3rd quarter worth $201,000. Amalgamated Bank acquired a new stake in shares of Cooper Tire & Rubber during the 3rd quarter worth $208,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Cooper Tire & Rubber during the 2nd quarter worth $230,000.
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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