Media coverage about Cooper Tire & Rubber (NYSE:CTB) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cooper Tire & Rubber earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.8512612439233 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Cooper Tire & Rubber Co (CTB) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Cooper Tire & Rubber (CTB) & Its Rivals Critical Survey (americanbankingnews.com)
- Cooper Tire & Rubber : to Launch New Mastercraft Glacier Trex Winter Tire (4-traders.com)
- Why Is Cooper Tire & Rubber (CTB) Down 10.8% Since Its Last Earnings Report? (finance.yahoo.com)
- ValuEngine Lowers Cooper Tire & Rubber (CTB) to Hold (americanbankingnews.com)
Several brokerages have issued reports on CTB. Zacks Investment Research raised shares of Cooper Tire & Rubber from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Thursday, February 22nd. ValuEngine cut shares of Cooper Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. B. Riley reaffirmed a “buy” rating and set a $50.00 target price on shares of Cooper Tire & Rubber in a research note on Monday, December 11th. Longbow Research cut shares of Cooper Tire & Rubber from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research note on Tuesday, March 13th. Finally, Northcoast Research raised shares of Cooper Tire & Rubber from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.63.
Cooper Tire & Rubber (NYSE:CTB) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.12). Cooper Tire & Rubber had a return on equity of 13.71% and a net margin of 3.34%. The company had revenue of $757.04 million for the quarter, compared to analysts’ expectations of $750.97 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. sell-side analysts forecast that Cooper Tire & Rubber will post 3.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.42 annualized dividend and a dividend yield of 1.48%. Cooper Tire & Rubber’s dividend payout ratio is presently 23.60%.
In related news, Director Robert D. Welding purchased 1,500 shares of Cooper Tire & Rubber stock in a transaction dated Friday, March 9th. The shares were acquired at an average price of $32.30 per share, for a total transaction of $48,450.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at $96,900. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.74% of the stock is owned by insiders.
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Cooper Tire & Rubber Company Profile
Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.
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