In a report released today, Anthony Deem from Longbow Research maintained a Hold rating on Cooper Tire Rubber (CTB). The company’s shares opened today at $28.89.
According to TipRanks.com, Deem ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.8% and a 23.6% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cooper Tire Rubber with a $40 average price target.
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Based on Cooper Tire Rubber’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.98 million. In comparison, last year the company had a net profit of $8.29 million.
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Cooper Tire & Rubber Co. specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. It operates through the following geographical segments: North America, Latin America, Europe, and Asia. The North America segment consists of United States and Canada.
