BB&T Starts Stock Coverage on Cooper Tire (CTB)

By admin | 6 years ago

Equities research analysts at BB&T (NYSE: BBT) initiated coverage on shares of Cooper Tire (NYSE: CTB) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

A number of other analysts have also recently weighed in on CTB. Analysts at Zacks reiterated a “neutral” rating on shares of Cooper Tire in a research note to investors on Thursday, May 3rd. They now have a $17.00 price target on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Cooper Tire to $19.00 in a research note to investors on Thursday, May 3rd. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Cooper Tire to $19.00 in a research note to investors on Thursday, May 3rd.

Cooper Tire opened at 15.21 on Friday. Cooper Tire has a 52-week low of $9.64 and a 52-week high of $27.09. The company has a market cap of $947.8 million and a price-to-earnings ratio of 3.76.

Cooper Tire last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.05. Cooper Tire’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Cooper Tire will post $0.72 EPS next quarter.

Cooper Tire & Rubber Company is a manufacturer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light truck replacement tires.

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