B. Riley Reaffirms Buy Rating for Cooper Tire & Rubber (CTB)

B. Riley restated their buy rating on shares of Cooper Tire & Rubber (NYSE:CTB) in a research note published on Monday morning. The firm currently has a $50.00 price objective on the stock.

A number of other analysts also recently issued reports 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 reissued a buy rating and set a $42.00 target price on shares of Cooper Tire & Rubber in a research report on Wednesday, November 1st. Jefferies Group reissued a hold rating and set a $35.00 target price on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. FBR & Co reissued a buy rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a research report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded shares of Cooper Tire & Rubber from a hold rating to a sell rating in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Cooper Tire & Rubber presently has a consensus rating of Hold and an average price target of $44.86.

Shares of Cooper Tire & Rubber (NYSE CTB) opened at $34.90 on Monday. The stock has a market cap of $1,771.51, a P/E ratio of 8.90, a P/E/G ratio of 1.12 and a beta of 0.07. Cooper Tire & Rubber has a 1 year low of $31.55 and a 1 year high of $44.50. 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 (NYSE:CTB) last posted its earnings results on Monday, October 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.33. The firm had revenue of $733.80 million during 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%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. analysts expect that Cooper Tire & Rubber will post 3.22 earnings per share for the current 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 given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 10.82%.

A number of large investors have recently modified their holdings of CTB. Deprince Race & Zollo Inc. grew its position in Cooper Tire & Rubber by 3,781.2% in the third quarter. Deprince Race & Zollo Inc. now owns 1,139,284 shares of the company’s stock valued at $42,609,000 after acquiring an additional 1,109,930 shares in the last quarter. Russell Investments Group Ltd. grew its position 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 valued at $19,556,000 after acquiring an additional 479,671 shares in the last quarter. Fairpointe Capital LLC grew its position in Cooper Tire & Rubber by 14.8% in the second quarter. Fairpointe Capital LLC now owns 3,377,104 shares of the company’s stock valued at $121,914,000 after acquiring an additional 436,279 shares in the last quarter. Royce & Associates LP grew its position in Cooper Tire & Rubber by 14.3% in the second quarter. Royce & Associates LP now owns 2,955,339 shares of the company’s stock valued at $106,688,000 after acquiring an additional 369,045 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Cooper Tire & Rubber by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,430,014 shares of the company’s stock valued at $123,824,000 after acquiring an additional 350,313 shares in the last quarter.

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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.

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

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