Shares of Cooper Tire & Rubber Co (NYSE:CTB) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.50.
A number of equities research analysts recently issued reports on CTB shares. FBR & Co reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating and set a $50.00 price target on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. ValuEngine upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. KeyCorp reiterated a “buy” rating and set a $42.00 price objective on shares of Cooper Tire & Rubber in a research report on Wednesday, November 1st. Finally, Jefferies Group reiterated a “hold” rating and set a $35.00 price objective on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in shares of Cooper Tire & Rubber by 20.1% in the third quarter. First Trust Advisors LP now owns 56,443 shares of the company’s stock worth $2,111,000 after purchasing an additional 9,465 shares during the last quarter. American Century Companies Inc. lifted its stake in Cooper Tire & Rubber by 29.5% in the third quarter. American Century Companies Inc. now owns 317,017 shares of the company’s stock worth $11,856,000 after acquiring an additional 72,195 shares during the period. Vanguard Group Inc. lifted its stake in Cooper Tire & Rubber by 0.5% in the second quarter. Vanguard Group Inc. now owns 4,350,677 shares of the company’s stock worth $157,060,000 after acquiring an additional 20,738 shares during the period. Russell Investments Group Ltd. lifted its stake in 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 acquiring an additional 479,671 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in Cooper Tire & Rubber in the third quarter worth about $299,000.
Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.33. The company had revenue of $733.80 million for the quarter, compared to the consensus estimate of $779.02 million. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. Cooper Tire & Rubber’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. equities analysts expect that Cooper Tire & Rubber will post 3.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, November 30th. Cooper Tire & Rubber’s payout ratio is presently 10.82%.
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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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