Cooper Tire & Rubber Company (CTB) PT Raised to $45.00 at Deutsche Bank AG

Cooper Tire & Rubber Company (NYSE:CTB) had its price target increased by Deutsche Bank AG from $40.00 to $45.00 in a report released on Monday, August 7th. They currently have a hold rating on the stock.

Several other analysts have also recently issued reports on the company. Northcoast Research cut Cooper Tire & Rubber from a buy rating to a neutral rating in a research note on Tuesday, April 18th. Standpoint Research raised Cooper Tire & Rubber from a hold rating to an accumulate rating in a research note on Tuesday, June 20th. BidaskClub raised Cooper Tire & Rubber from a sell rating to a hold rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a hold rating and issued a $40.00 target price on shares of Cooper Tire & Rubber in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Cooper Tire & Rubber from a hold rating to a sell rating in a research report on Tuesday, May 2nd. Two 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 company’s stock. Cooper Tire & Rubber presently has a consensus rating of Hold and a consensus target price of $42.00.

Shares of Cooper Tire & Rubber (NYSE CTB) traded up 0.45% on Monday, hitting $33.45. The stock had a trading volume of 551,325 shares. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.25 and a beta of -0.02. Cooper Tire & Rubber has a 1-year low of $33.05 and a 1-year high of $44.50. The firm has a 50 day moving average of $36.16 and a 200-day moving average of $38.55.

Cooper Tire & Rubber (NYSE:CTB) last posted its earnings results on Friday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The company had revenue of $720.75 million for the quarter, compared to analysts’ expectations of $775 million. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. Cooper Tire & Rubber’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. Equities analysts predict that Cooper Tire & Rubber will post $3.40 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.42 annualized dividend and a yield of 1.26%. Cooper Tire & Rubber’s payout ratio is 11.67%.

Hedge funds have recently bought and sold shares of the stock. Malaga Cove Capital LLC purchased a new stake in Cooper Tire & Rubber during the first quarter valued at $751,000. ProShare Advisors LLC raised its position in Cooper Tire & Rubber by 20.1% in the first quarter. ProShare Advisors LLC now owns 11,117 shares of the company’s stock valued at $493,000 after buying an additional 1,860 shares during the last quarter. Profund Advisors LLC acquired a new position in Cooper Tire & Rubber during the first quarter valued at about $481,000. Retirement Systems of Alabama acquired a new position in Cooper Tire & Rubber during the first quarter valued at about $3,016,000. Finally, Anderson Hoagland & Co. acquired a new position in Cooper Tire & Rubber during the first quarter valued at about $1,742,000. 94.58% of the stock is currently owned by institutional investors and hedge funds.

Cooper Tire & Rubber Company Profile

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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