Standpoint Research downgraded Cooper Tire & Rubber Co (NYSE:CTB) to Hold in a report released today.
- Updated: October 7, 2016
Just yesterday Cooper Tire & Rubber Co (NYSE:CTB) traded 0.44% higher at $38.23. Cooper Tire & Rubber Co’s 50-day moving average is $35.44 and its 200-day moving average is $33.62. The last stock price is up 14.31% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 293,089 shares of CTB traded hands, down from an average trading volume of 582,958
Standpoint Research has downgraded Cooper Tire & Rubber Co (NYSE:CTB) to Hold in a report released on Friday October 07, 2016.
Previously on Tuesday October 04, 2016, Zacks Investment Research released a statement about Cooper Tire & Rubber Co (NYSE:CTB) increased the target price from $0.00 to $43.00. At the time, this indicated a possible upside of 0.14%.
Recent Performance Chart
Cooper Tire & Rubber Co has 52 week low of $29.29 and a 52 week high of $43.40 with a PE ratio of 8.96 and has a market capitalization of $0.
In addition to Standpoint Research reporting its stock price target, a total of 5 brokerages have issued a ratings update on the company. The average stock price target is $43.00 with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Cooper Tire & Rubber Co (NYSE:CTB)
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 sell medium truck, motorcycle and racing tires. It has four business segments: North America, composed of its operations in the United States and Canada; Latin America, composed of its operations in Mexico, Central America and South America; Europe, and Asia. The North America and Latin America segments are presented as the Americas Tire Operations segment. The results of the combined Asia and Europe segments are presented as International Tire Operations segment. Cooper and its family of companies operate approximately eight manufacturing facilities and over 20 distribution centers in over 10 countries. Its Americas Tire Operations segment manufactures and markets passenger car and light truck tires, for sale in the United States replacement market.
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