Shares of Cooper Tire & Rubber Co (NYSE:CTB) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Analyst Ratings.Net reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.60.
In other Cooper Tire & Rubber Co news, SVP Brenda S. Harmon sold 52,500 shares of Cooper Tire & Rubber Co stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of US$38.17, for a total transaction of US$2,003,925.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission.
Shares of Cooper Tire & Rubber Co traded down 1.15% on Monday, hitting US$37.05. 756,787 shares of the company’s stock traded hands. Cooper Tire & Rubber Co has a 52 week low of $22.24 and a 52 week high of US$39.35. The stock’s 50-day moving average is $36. and its 200-day moving average is US$32. The company has a market cap of US$2.13 billion and a price-to-earnings ratio of 10.83.
Cooper Tire & Rubber Co last posted its quarterly earnings results on Monday, February 23rd. The company reported US$0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of US$0.64 by US$0.19. The company had revenue of US$861.00 million for the quarter, compared to the consensus estimate of US$806.66 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Analysts expect that Cooper Tire & Rubber Co will post US$2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 4th will be given a dividend of US$0.105 per share. This represents a US$0.42 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, March 2nd.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating and set a US$39.00 price target (up previously from US$35.00) on shares of Cooper Tire & Rubber Co in a research note on Monday, February 9th. Analysts at BB&T Corp. upgraded shares of Cooper Tire & Rubber Co from an “underweight” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, analysts at Goldman Sachs downgraded shares of Cooper Tire & Rubber Co from a “buy” rating to a “neutral” rating and set a US$33.00 price target on the stock in a research note on Thursday, January 8th.
Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tyres. The Company focuses on the manufacture and sale of passenger and light and medium truck replacement tyres. The Company operates through two segments: North American Tire Operations and International Tire Operations.