Analyst Rating Update on Cooper Tire & Rubber Company (CTB)

Cooper Tire & Rubber Company (CTB) : 6 analysts are covering Cooper Tire & Rubber Company (CTB) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Cooper Tire & Rubber Company (CTB) : Currently there are 6 street experts covering Cooper Tire & Rubber Company (CTB) stock. The most bullish and bearish price target for the stock is $48 and $37 respectively for the short term. The average price target of all the analysts comes to $42. The estimated standard deviation from the target is $4.82.

For the current week, the company shares have a recommendation consensus of Buy.


Cooper Tire & Rubber Company (NYSE:CTB): The stock opened at $31.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.31 for the day. The stock traded down to $31.82 during the day, due to lack of any buying support eventually closed down at $32.04 with a loss of -0.06% for the day. The stock had closed at $32.06 on the previous day. The total traded volume was 827,113 shares.

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 Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.