Cooper Tire & Rubber Co (NYSE:CTB)’s stock price rose 5.7% during mid-day trading on Wednesday . The stock traded as high as $26.72 and last traded at $26.71, approximately 617,695 shares traded hands during mid-day trading. An increase of 54% from the average daily volume of 401,658 shares. The stock had previously closed at $25.27.

CTB has been the subject of several recent analyst reports. B. Riley set a $40.00 price target on Cooper Tire & Rubber and gave the stock a “buy” rating in a research note on Friday, August 16th. Longbow Research reissued a “hold” rating on shares of Cooper Tire & Rubber in a research note on Sunday, July 7th. Zacks Investment Research raised Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, July 23rd. KeyCorp decreased their price target on Cooper Tire & Rubber from $34.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Finally, ValuEngine cut Cooper Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.75.

The company has a market cap of $1.27 billion, a P/E ratio of 12.14 and a beta of 0.68. The company has a 50 day moving average price of $24.91 and a 200-day moving average price of $29.06. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.15.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings results on Monday, July 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). Cooper Tire & Rubber had a return on equity of 8.61% and a net margin of 2.46%. The business had revenue of $679.10 million during the quarter, compared to the consensus estimate of $718.74 million. During the same period in the previous year, the company posted $0.30 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts expect that Cooper Tire & Rubber Co will post 1.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be paid a $0.105 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.42 annualized dividend and a dividend yield of 1.59%. Cooper Tire & Rubber’s payout ratio is 19.27%.

Several large investors have recently added to or reduced their stakes in the company. United Services Automobile Association grew its stake in shares of Cooper Tire & Rubber by 3.0% in the second quarter. United Services Automobile Association now owns 200,707 shares of the company’s stock worth $6,332,000 after purchasing an additional 5,926 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Cooper Tire & Rubber by 11.7% during the second quarter. Nuveen Asset Management LLC now owns 881,079 shares of the company’s stock valued at $27,797,000 after buying an additional 92,456 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Cooper Tire & Rubber by 2.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 22,225 shares of the company’s stock valued at $701,000 after buying an additional 440 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Cooper Tire & Rubber by 11.7% during the second quarter. UBS Asset Management Americas Inc. now owns 63,425 shares of the company’s stock valued at $2,001,000 after buying an additional 6,644 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Cooper Tire & Rubber by 97.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 395,248 shares of the company’s stock valued at $12,470,000 after buying an additional 195,059 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

About Cooper Tire & Rubber (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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