Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cooper Tire & Rubber (CTB) Stock Price

Media headlines about Cooper Tire & Rubber (NYSE:CTB) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cooper Tire & Rubber earned a news impact score of 0.06 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.0389210441926 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

CTB has been the topic of several analyst reports. Longbow Research initiated coverage on Cooper Tire & Rubber in a research note on Wednesday, January 31st. They issued a “buy” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on Cooper Tire & Rubber from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 21st. TheStreet lowered Cooper Tire & Rubber from a “b” rating to a “c” rating in a research report on Tuesday, February 20th. Zacks Investment Research upgraded Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Thursday, February 22nd. Finally, ValuEngine lowered Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $41.50.

Cooper Tire & Rubber opened at $25.40 on Thursday, according to MarketBeat Ratings. The company has a market cap of $1.30 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 2.93 and a beta of 0.46. Cooper Tire & Rubber has a one year low of $22.58 and a one year high of $40.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.50 and a current ratio of 2.59.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings results on Monday, April 30th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.41). The business had revenue of $601.50 million for the quarter, compared to the consensus estimate of $641.21 million. Cooper Tire & Rubber had a return on equity of 11.73% and a net margin of 2.60%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. analysts forecast that Cooper Tire & Rubber will post 2.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 1st will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, May 31st. Cooper Tire & Rubber’s dividend payout ratio is 13.55%.

In other news, Director Robert D. Welding acquired 1,500 shares of Cooper Tire & Rubber stock in a transaction on Friday, March 9th. The shares were purchased at an average price of $32.30 per share, with a total value of $48,450.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $96,900. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.74% of the stock is currently owned by corporate insiders.

About Cooper Tire & Rubber

Cooper Tire & Rubber Company, together with its subsidiaries, designs, manufactures, and markets replacement tires in North America, Latin America, Europe, and Asia. The company operates through Americas Tire Operations and International Tire Operations segments. It manufactures and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

Insider Buying and Selling by Quarter for Cooper Tire & Rubber (NYSE:CTB)

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