Cooper Tire & Rubber Company (CTB) Receives "Buy" Rating from KeyCorp

  • Cooper Tire & Rubber Company
  • 03/11/2017
FBR & Co reiterated a "buy" rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a research report on Tuesday. KeyCorp now has a "Buy" rating and a $42.00 target price on the stock. KeyCorp reaffirmed a "buy" rating and set a $42.00 price objective on shares of Cooper Tire & Rubber in a report on Wednesday. Jefferies Group LLC restated a buy rating and set a $36.00 price objective on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. Zacks Investment Research downgraded The Goodyear Tire & Rubber from a buy rating to a hold rating in a report on Tuesday. Finally, BidaskClub downgraded The Goodyear Tire & Rubber from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The Goodyear Tire & Rubber has an average rating of Hold and a consensus price target of $37.55.

Cooper Tire & Rubber (NYSE:CTB) last issued its quarterly 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 company had revenue of $733.80 million during the quarter, compared to analysts' expectations of $779.02 million. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. During the same quarter previous year, the business earned $1.04 earnings per share.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 30th. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.15% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). Cooper Tire & Rubber's dividend payout ratio (DPR) is now 10.82%.

Canada's Trade Deficit Steady in September at C$3.18 Billion

USA exports of goods to the United Kingdom hit a record high even though it costs more for the U.K. because of a weaker pound. The U.S. imported more capital goods, aircraft and computer chips, while demand for foreign autos and parts fell.

In other news, insider Jean Claude Kihn sold 7,500 shares of the firm's stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.44, for a total value of $243,300.00. In the last quarter, insiders have sold 15,501 shares of company stock worth $507,866.

A number of institutional investors have recently made changes to their positions in the business. CIBC World Markets Inc. boosted its stake in Cooper Tire & Rubber Co.by 2.2% 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 during the period. Schwab Charles Investment Management Inc. lifted its position in The Goodyear Tire & Rubber by 5.4% in the second quarter. Principal Financial Group Inc. now owns 670,709 shares of the company's stock valued at $22,301,000 after purchasing an additional 4,331 shares during the period. Advisory Services Network LLC boosted its stake in Cooper Tire & Rubber Co.by 4.3% 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 during the period. State of Wisconsin Investment Board boosted its holdings in The Goodyear Tire & Rubber by 2.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 146,118 shares of the company's stock valued at $4,858,000 after purchasing an additional 19,322 shares during the period. Monarch Prtnrs Asset Management Lc owns 174,820 shares. Seatown Holdings Pte. Ltd. boosted its holdings in The Goodyear Tire & Rubber by 53.7% in the 3rd quarter. Lsv Asset Mgmt has 0.64% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). 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 during the period. Davenport Communications Limited Liability Company stated it has 0% in Goodyear Tire & Rubber Co (NASDAQ:GT). The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. Cooper and its subsidiaries sell medium truck, motorcycle and racing tires.

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