Northcoast Research Upgrades Cooper Tire & Rubber Co to Buy

Brokerage firm Northcoast Research Upgrades its rating on Cooper Tire & Rubber Co(NYSE:CTB). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Northcoast Research was issued on Jul 26, 2016.

In a different note, Standpoint Research said it Initiates Coverage on Cooper Tire & Rubber Co, according to a research note issued on May 27, 2016. The shares have been rated ‘Buy’ by the firm. On May 3, 2016, Goldman Sachs said it Maintains its rating on Cooper Tire & Rubber Co. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 2, 2016, JP Morgan said it Maintains its rating on Cooper Tire & Rubber Co. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Neutral’ by the firm.

Cooper Tire & Rubber Co (CTB) made into the market gainers list on Fridays trading session with the shares advancing 0.95% or 0.31 points. Due to strong positive momentum, the stock ended at $32.99, which is also near the day’s high of $33.05. The stock began the session at $32.61 and the volume stood at 5,77,547 shares. The 52-week high of the shares is $43.3995 and the 52 week low is $29.29. The company has a current market capitalization of $1,820 M and it has 5,51,69,380 shares in outstanding.

Cooper Tire & Rubber Co(CTB) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $649.77M. Analysts had an estimated revenue of $673.18M. Earnings per share were $1.05. Analysts had estimated an EPS of $0.97.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Roy V Armes (COB, President & CEO) sold 50,000 shares at $39.39 per share price.Also, On Feb 25, 2016, Stephen Zamansky (Senior VP, Gen Counsel & Secy) sold 13,397 shares at $39.04 per share price.On Aug 27, 2015, Bradley E. Hughes (Senior VP and COO) sold 80,600 shares at $36.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Cooper Tire & Rubber Company (Cooper) is a manufacturer and marketer of replacement tires. The Company specializes in the design manufacture marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck motorcycle and racing tires. The Company operates in two segments: Americas Tire Operations and International Tire Operations. The Americas Tire Operations segment manufactures and markets passenger car and light truck tires primarily for sale in the United States replacement market. It supplies passenger car tires. The segment also distributes tires for racing medium truck and motorcycles. The racing and motorcycle tires are manufactured in the Company’s International Tire Operations segment and by others. The distribution channels and customers include independent tire dealers wholesale distributors regional and national retail tire chains and retail chains that sell tires as well as other automotive products.

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