Cooper Tire & Rubber Co (NYSE:CTB)’s share price hit a new 52-week high during mid-day trading on Friday ,StockRatingsNetwork reports. The company traded as high as $35.33 and last traded at $35.15, with a volume of 659,807 shares. The stock had previously closed at $35.24.
A number of analysts have recently weighed in on CTB shares. Analysts at BB&T Corp. upgraded shares of Cooper Tire & Rubber Co from an “underweight” rating to a “hold” rating in a research note on Thursday, January 8th. Analysts at Goldman Sachs downgraded shares of Cooper Tire & Rubber Co from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock in a research note on Thursday, January 8th. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating and set a $35.00 price target (down previously from $36.00) on shares of Cooper Tire & Rubber Co in a research note on Tuesday, December 9th. Finally, analysts at FBR Capital Markets initiated coverage on shares of Cooper Tire & Rubber Co in a research note on Wednesday, November 19th. They set an “outperform” rating and a $40.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.80.
The stock has a 50-day moving average of $32.92 and a 200-day moving average of $31.00. The company has a market cap of $2.044 billion and a price-to-earnings ratio of 14.83.
Cooper Tire & Rubber Co (NYSE:CTB) last announced its earnings results on Friday, November 7th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.05. The company had revenue of $920.00 million for the quarter, compared to the consensus estimate of $912.10 million. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Cooper Tire & Rubber Co will post $2.71 earnings per share for the current fiscal year.
Cooper Tire & Rubber Company (NYSE:CTB) is a manufacturer and marketer of replacement tires. The Company focuses on the manufacture and sale of passenger and light and medium truck replacement tires. The Company operates through two segments: North American Tire Operations and International Tire Operations.
– wkrb13.com