Equities research analysts at Raymond James boosted their price target on shares of Cooper Tire (NYSE: CTB)
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Cooper Tire from $114.00 to $120.00 in a research note to investors on Friday. They now have an ?outperform? rating on the stock. Separately, analysts at Zacks downgraded shares of Cooper Tire from an ?outperform? rating to a ?neutral? rating in a research note to investors on Tuesday, February 26th. They now have a $27.00 price target on the stock. Finally, analysts at S&P Equity Research raised their price target on shares of Cooper Tire from $27.00 to $30.00 in a research note to investors on Tuesday, February 26th. Four equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and three have assigned a hold rating to the company. Cooper Tire presently has a consensus rating of ?overweight? and an average target price of $31.20.
Shares of Cooper Tire traded up 2.14% during mid-day trading on Friday, hitting $25.78. Cooper Tire has a 52 week low of $13.82 and a 52 week high of $27.18. The stock?s 50-day moving average is currently $25.77. The company has a market cap of $1.629 billion and a P/E ratio of 7.23.
Cooper Tire last posted its quarterly earnings results on Monday, February 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.30. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company?s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Cooper Tire will post $3.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.11 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, March 4th. Cooper Tire & Rubber Company is a manufacturer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light truck replacement tires.