Cooper Tire Rubber (CTB) Receives a Hold from Longbow Research


In a report released today, Anthony Deem from Longbow Research maintained a Hold rating on Cooper Tire Rubber (NYSE: CTB). The company’s shares opened today at $30.55.

Deem said:

“Intra-day, CTB is currently trading at 11.7x consensus FY2 EPS estimates but 13.3x our estimate. These are above the company’s 5-year average forward P/E of 9.9x. On an EV/EBITDA basis, CTB trades at 4.7x FY2, compared to the company’s 5-year average of 4.3x.”

According to TipRanks.com, Deem is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.8% and a 26.9% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.

Currently, the analyst consensus on Cooper Tire Rubber is a Moderate Buy with an average price target of $33.

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The company has a one-year high of $40.78 and a one-year low of $22.58. Currently, Cooper Tire Rubber has an average volume of 726.2K.

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Cooper Tire & Rubber Co. engages in tire solutions. Its activities include design, manufacture, marketing and sales replacement tires focuses on passenger car, light truck, medium truck, motorcycle, and racing cars. It operates through the following geographical segments: North America, Latin America, Europe, and Asia.

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