Published: Fri, April 21, 2017
Business | By Max Garcia

Cooper Tire & Rubber Co (CTB) Cut to "Neutral" at Northcoast Research


BlackRock Group LTD now owns 45,660 shares of the company's stock worth $1,736,000 after buying an additional 326 shares during the last quarter. Cooper Tire & Rubber Co had a return on equity of 23.13% and a net margin of 8.17%. The company earned $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. Its last 5-Year EPS growth stands at -20.10% with earnings growth of 129.60% yoy.

GT has a 1-year high price of $ 37.20 and 1-year low price of $24.10. If you are accessing this piece on another site, it was copied illegally and republished in violation of U.S. and worldwide copyright and trademark laws. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/04/20/goodyear-tire-rubber-co-gt-approves-stock-repurchase-plan-updated.html.

The share of The Goodyear Tire & Rubber Company (GT) now has a value of $34.83 while the company's 52 week low is at $24.10, the shares dropped to the 52 week low on 07/06/16.

The Goodyear Tire & Rubber Company has a consensus outperform rating from 10 Wall Street analysts, and the number of shares now sold short amount to at least 6.49% of shares outstanding. Jefferies Group LLC lowered shares of Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating and set a $38.00 price objective for the company.in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $40.00. (NASDAQ:SSKN), its shares were trading at $3.36 a gain of $0.27, on the trading floor. Its last's traded volume was 1.74 million shares in comparison to its average trading volume of 1.97 million shares.

The analysts offering 12 month price targets for The Goodyear Tire & Rubber Company have a median target of $39, with a high estimate of $42 and a low estimate of $24. However the price at the close of last session was 2.90% higher than its 50-day moving average and 1.86% over its 200-day moving average. The total market capitalization remained at $8.56 billion.

A number of large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System raised its position in Cooper Tire & Rubber Co by 2.1% in the fourth quarter. Following the transaction, the insider now owns 90,599 shares in the company, valued at $3,193,614.75.

Plains All American Pipeline, L.P.'s (PAA) price volatility for a month noted as 1.77% however its price volatility for a week documented as 1.42%.

COPYRIGHT VIOLATION NOTICE: "Share Buyback Plan Declared by Goodyear Tire & Rubber Co (GT) Board of Directors" was originally published by Markets Daily and is owned by of Markets Daily. Envestnet Asset Management Inc. raised its stake in shares of Cooper Tire & Rubber Co by 9.0% in the fourth quarter. Horrell Capital Management Inc. raised its stake in Cooper Tire & Rubber Co by 0.4% in the first quarter. The most recent short interest data show 6.49% of the company's stock are short sold. The stock gained 2.61% in total of its share price. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Monday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 28th.

Let's have a look at some of the important valuation ratios of the The Goodyear Tire & Rubber Company (GT).

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