Cooper Tire & Rubber (CTB) Receives “Buy” Rating from B. Riley

B. Riley reaffirmed their buy rating on shares of Cooper Tire & Rubber (NYSE:CTB) in a report released on Monday morning. The brokerage currently has a $50.00 price target on the stock.

Several other equities analysts have also recently weighed in on the stock. ValuEngine raised 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 issued a $42.00 price objective on shares of Cooper Tire & Rubber in a research note on Wednesday, November 1st. Jefferies Group reiterated a hold rating and issued a $35.00 price objective on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. FBR & Co reiterated a buy rating and issued a $50.00 price objective on shares of Cooper Tire & Rubber in a research note on Tuesday, October 31st. Finally, Zacks Investment Research lowered shares of Cooper Tire & Rubber from a hold rating to a sell rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $44.86.

Cooper Tire & Rubber (NYSE CTB) opened at $34.15 on Monday. The stock has a market cap of $1,750.00, a PE ratio of 8.90, a PEG ratio of 1.12 and a beta of 0.07. The company has a current ratio of 2.67, a quick ratio of 1.59 and a debt-to-equity ratio of 0.24. Cooper Tire & Rubber has a 1 year low of $31.55 and a 1 year high of $44.50.

Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings results on Monday, October 30th. The company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.33. Cooper Tire & Rubber had a net margin of 7.18% and a return on equity of 17.56%. The business had revenue of $733.80 million for the quarter, compared to analysts’ expectations of $779.02 million. During the same quarter last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. research analysts forecast that Cooper Tire & Rubber will post 3.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a $0.105 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.42 annualized dividend and a yield of 1.23%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 10.82%.

A number of large investors have recently bought and sold shares of CTB. Riverhead Capital Management LLC increased its stake in shares of Cooper Tire & Rubber by 75.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the company’s stock worth $145,000 after purchasing an additional 1,729 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Cooper Tire & Rubber by 76.7% during the 2nd quarter. Flinton Capital Management LLC now owns 4,452 shares of the company’s stock worth $161,000 after purchasing an additional 1,932 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Cooper Tire & Rubber by 6.8% during the 2nd quarter. Advisory Services Network LLC now owns 4,751 shares of the company’s stock worth $172,000 after purchasing an additional 304 shares during the last quarter. Worth Venture Partners LLC purchased a new stake in shares of Cooper Tire & Rubber during the 2nd quarter worth approximately $235,000. Finally, M&T Bank Corp purchased a new stake in shares of Cooper Tire & Rubber during the 2nd quarter worth approximately $243,000.

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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.

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

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