Shares of Cooper Tire & Rubber Co (NYSE:CTB) hit a new 52-week low on Thursday . The company traded as low as $23.22 and last traded at $23.32, with a volume of 8992 shares trading hands. The stock had previously closed at $23.68.
A number of research analysts have recently weighed in on CTB shares. KeyCorp cut their price objective on Cooper Tire & Rubber from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. ValuEngine lowered Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Longbow Research reissued a “hold” rating on shares of Cooper Tire & Rubber in a report on Sunday, July 7th. Finally, Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.67.
The business has a fifty day moving average price of $28.84 and a two-hundred day moving average price of $30.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.83 and a quick ratio of 1.04. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.74 and a beta of 0.66.
Cooper Tire & Rubber (NYSE:CTB) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). The firm had revenue of $679.10 million during the quarter, compared to analyst estimates of $718.74 million. Cooper Tire & Rubber had a net margin of 2.46% and a return on equity of 8.61%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. On average, research analysts predict that Cooper Tire & Rubber Co will post 1.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, August 30th. Cooper Tire & Rubber’s dividend payout ratio (DPR) is 19.27%.
Institutional investors have recently bought and sold shares of the stock. C M Bidwell & Associates Ltd. acquired a new stake in Cooper Tire & Rubber during the second quarter worth about $30,000. Quantamental Technologies LLC acquired a new stake in Cooper Tire & Rubber during the first quarter worth about $42,000. Investors Research Corp acquired a new stake in Cooper Tire & Rubber during the first quarter worth about $99,000. SG Americas Securities LLC acquired a new stake in Cooper Tire & Rubber during the second quarter worth about $104,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in Cooper Tire & Rubber during the first quarter worth about $102,000. 98.79% of the stock is currently owned by hedge funds and other institutional investors.
Cooper Tire & Rubber Company Profile (NYSE:CTB)
Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, markets, and sells 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, truck and bus radial (TBR), motorcycle, and racing tires, as well as tire retread materials; and markets and distributes racing, TBR, and motorcycle tires.
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