Media coverage about Cooper Tire & Rubber (NYSE:CTB) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cooper Tire & Rubber earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.15923957651 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Cooper Tire & Rubber opened at $25.80 on Friday, MarketBeat.com reports. The firm has a market cap of $1.29 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 2.91 and a beta of 0.46. Cooper Tire & Rubber has a 12 month low of $22.58 and a 12 month high of $40.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.50 and a current ratio of 2.59.
Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly earnings results on Monday, April 30th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.41). The business had revenue of $601.50 million for the quarter, compared to the consensus estimate of $641.21 million. Cooper Tire & Rubber had a return on equity of 11.73% and a net margin of 2.60%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share. research analysts anticipate that Cooper Tire & Rubber will post 2.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be issued a dividend of $0.105 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.63%. Cooper Tire & Rubber’s dividend payout ratio (DPR) is currently 13.55%.
A number of research analysts have recently weighed in on CTB shares. B. Riley dropped their target price on Cooper Tire & Rubber from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, May 1st. Zacks Investment Research upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, February 22nd. Longbow Research started coverage on Cooper Tire & Rubber in a report on Wednesday, January 31st. They issued a “buy” rating and a $50.00 target price on the stock. TheStreet lowered Cooper Tire & Rubber from a “b” rating to a “c” rating in a report on Tuesday, February 20th. Finally, ValuEngine lowered Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.50.
In other Cooper Tire & Rubber news, Director Robert D. Welding purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average cost of $32.30 per share, for a total transaction of $48,450.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at approximately $96,900. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.74% of the company’s stock.
About Cooper Tire & Rubber
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets 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, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.
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