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

Cooper Tire & Rubber Company (NYSE:CTB) has an average broker rating of 2.43, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cooper Tire & Rubber Company (NYSE:CTB) : 5 Wall Street analysts covering Cooper Tire & Rubber Company (NYSE:CTB) believe that the average level the stock could reach for the short term is $43. The maximum price target given is $48 and the minimum target for short term is around $37, hence the standard deviation is calculated at $4.64.

Company shares have received an average consensus rating of Hold for the current week Also, Standpoint Research initiates coverage on Cooper Tire & Rubber Company (NYSE:CTB). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on May 27, 2016.

Cooper Tire & Rubber Company (NYSE:CTB): stock turned positive on Tuesday. Though the stock opened at $30.03, the bulls momentum made the stock top out at $31.25 level for the day. The stock recorded a low of $29.78 and closed the trading day at $29.97, in the green by 1.46%. The total traded volume for the day was 1,504,880. The stock had closed at $29.54 in the previous days trading.

In an insider trading activity, Armes Roy V, director officer (COB, President & CEO) of Cooper Tire & Rubber Co, unloaded 50,000 shares at an average price of $39.39 on March 3, 2016. The total amount of the transaction was worth $1,969,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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