Brokerage firm JP Morgan Maintains its rating on Cooper Tire & Rubber Co(NYSE:CTB). In a research note issued to the investors, the brokerage major Lowers the price-target to $46.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Aug 5, 2016.
In a different note, On Aug 5, 2016, Deutsche Bank said it Maintains its rating on Cooper Tire & Rubber Co. In the research note, the firm Lowers the price-target to $40.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 26, 2016, Northcoast Research said it Upgrades its rating on Cooper Tire & Rubber Co. The shares have been rated ‘Buy’ by the firm. 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.
Cooper Tire & Rubber Co (CTB) shares turned negative on Wednesdays trading session with the shares closing down -0.35 points or -1.04% at a volume of 4,23,696. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.74. The peak price level was also seen at $33.74 while the days lowest was $33.1085. Finally the shares closed at $33.33. The 52-week high of the shares is $43.3995 while the 52-week low is $29.29. According to the latest information available, the market cap of the company is $1,805 M.
Cooper Tire & Rubber Co has also declared a cash dividend of $0.1050 on Aug 3, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Sep 30, 2016.
Cooper Tire & Rubber Co(CTB) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $740.29M. Analysts had an estimated revenue of $746.69M. Earnings per share were $1.27. Analysts had estimated an EPS of $1.06.
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 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.