Cooper Tire & Rubber (NYSE:CTB) Trading Up 5.4%

Cooper Tire & Rubber Co (NYSE:CTB)’s stock price was up 5.4% on Friday . The company traded as high as $26.92 and last traded at $26.62, approximately 392,811 shares were traded during trading. An increase of 1% from the average daily volume of 389,104 shares. The stock had previously closed at $25.25.

A number of analysts recently weighed in on CTB shares. ValuEngine cut shares of Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a report on Sunday, July 7th. KeyCorp raised their target price on shares of Cooper Tire & Rubber from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. B. Riley set a $40.00 target price on shares of Cooper Tire & Rubber and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.25.

The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.28 billion, a PE ratio of 12.21 and a beta of 0.68. The company’s 50-day moving average is $24.77 and its 200 day moving average is $28.37.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $679.10 million during the quarter, compared to analysts’ expectations of $718.74 million. Cooper Tire & Rubber had a net margin of 2.46% and a return on equity of 8.61%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. On average, research analysts predict that Cooper Tire & Rubber Co will post 1.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Tuesday, September 3rd were given a $0.105 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.58%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is presently 19.27%.

Several large investors have recently modified their holdings of CTB. D. E. Shaw & Co. Inc. lifted its position in shares of Cooper Tire & Rubber by 97.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 395,248 shares of the company’s stock valued at $12,470,000 after acquiring an additional 195,059 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Cooper Tire & Rubber by 269.2% in the 2nd quarter. Renaissance Technologies LLC now owns 214,500 shares of the company’s stock valued at $6,767,000 after acquiring an additional 156,400 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Cooper Tire & Rubber by 64.1% in the 2nd quarter. Prudential Financial Inc. now owns 332,501 shares of the company’s stock valued at $10,490,000 after acquiring an additional 129,880 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Cooper Tire & Rubber by 11.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 881,079 shares of the company’s stock valued at $27,797,000 after acquiring an additional 92,456 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cooper Tire & Rubber by 20.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 470,639 shares of the company’s stock valued at $14,849,000 after acquiring an additional 80,829 shares in the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

About Cooper Tire & Rubber (NYSE:CTB)

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells 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, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.

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