Home Analyst Ratings Cooper Tire & Rubber Unchanged to Overweight at KeyBanc

Cooper Tire & Rubber [CTB] Unchanged to Overweight at KeyBanc

KeyBanc maintained its Cooper Tire & Rubber [CTB] rating to the equivalent of Overweight but changed the price target to $50 from $48, in a research note dated 2021-01-08. That figure represents around a 21.02% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with KeyBanc Capital Markets’s analysts assigning the shares to “an Overweight” rating in a research note to investors issued in late May. Meanwhile, Wolfe Research had launched its coverage on CTB with “an Underperform”, in a research note produced for clients October 02, 2018. In addition, there was a downgrade from Longbow on March 13, 2018. The rater changed CTB from “a Buy” to “a Neutral”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is Cooper Tire & Rubber Company [NYSE:CTB] a Good Buy Right Now?

It should be noted that CTB technical indicators for short, intermediate as well as long term progress have placed an overall average of 96% as Buy. The average signal changed from 56% Buy in the last week and compares with 88% Buy in the past month. Data from Cooper Tire & Rubber Company’s Trend Spotter indicated that the signals were Falling. The stock current average is 0.37 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.39 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.36 million shares.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

CTB Price Performance

On Wall Street, Cooper Tire & Rubber Company [NYSE:CTB] finished Thursday’s session up 1.30% at $41.35. The stock went up to $41.945 at the same session while its lowest single day price was $40.945. In the last five days, it saw a rise of about 8.27%, Cooper Tire & Rubber Company shares gained by almost 2.10% since the beginning of the year. However, the share price has dropped to as low as -2.28% below its one year high. On 01/07/21, the company shares recorded $41.94, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $38.58. The company’s shares have inclined by 46.74% in the past year. The 50-day SMA achieved is $39.15 while the 200-day SMA is $31.13. Volume dropped to 0.28 million from 0.66 million in the previous session.

Cooper Tire & Rubber Company [CTB] Valuation Measures

Notably, Cooper Tire & Rubber Company [CTB] stock can be classified as a good candidate in the listing of underestimated low-priced Auto Parts companies to purchase soonest possible with the prevailing 12-month PE ratio of 13.35. The measure means the stock is exchanging at a discount as compared to the 24.53x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.77 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 0.78 which means CTB serve an attractive investment opportunity compared to its competitors.

CTB Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 40.88 level, and in case of violation of this particular level, it will cause more drop to 40.41 level. On the upper level, 42.41 is still the key resistance. The stock may increase to the subsequent resistance at 41.88. The Relative Strength Index (RSI) pinned on the 14-day chart is 59.26, implying a neutral technical stance while the MACD stands at 1.89, meaning price will increase in the next trading period. Percent R indicator moved to 11.70%, implying bullish price movement. Stochastic %K at 84.00% suggest selling the stock.

What is the short interest in Cooper Tire & Rubber Company?

Short interest in the Cooper Tire & Rubber Company stock has surged, increasing by 0.26 million shares to total 2.24 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.5 million, data from Yahoo Finance shows. The decrease of -11.61% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 6.03% of the overall float for the stock.

Cooper Tire & Rubber Company’s Biggest Shareholders: Who Owns Cooper Tire & Rubber Company [CTB]?

Filings by BlackRock Fund Advisors showed that the firm now holds a total of 6,896,616 shares or roughly 13.69% of the outstanding CTB shares. This means their shares have reduced by -173,780 from the 6,896,616 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $194,371,000. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -3.80% stake valued at $161,435,982 while Wellington Management Co. LLP added theirs at $101,919,170. During the last quarter, Dimensional Fund Advisors LP liquidated -160,434 of its shares in Cooper Tire & Rubber Company while Wellington Management Co. LLP bought 550,114 shares. The AllianceBernstein LP’s holdings currently number 2,139,965 shares at $88487552.75. According to the firm’s last 13F report, LSV Asset Management shares in the company at filing stood at 1,998,545 shares, roughly $79,402,193.

CTB Earnings Forecast For The Current Quarter

Cooper Tire & Rubber Company [CTB] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $731.9M and an earnings per share of $0.92 for Dec 2020. Looking further ahead, the company is expected to report revenue of $624.52M at an EPS of $0.45 for Mar 2021. The estimates represent downside of 11.10% and 24.68% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

CTB Earnings Estimates For The Current Year

For the financial year, Cooper Tire & Rubber Company [NYSE:CTB] is expected to bring in revenue of $2.52B. The returns are nearly $-230.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.99, higher than that of FY19 by $1.08. Estimates put this year’s earnings growth at 56.50%, 25.10% for the next, and at an annual -0.71% over the next 5-year period. As for sales, forecasts are for a decrease of -8.30% in the current fiscal year and a further 11.10% over the following year.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Adial Pharmaceuticals Inc. (ADIL) stock plunged during pre-market trading. Here’s to know why?

Adial Pharmaceuticals Inc. (NASDAQ: ADIL) stock gained by 9.06% at last close while the ADIL share price fell by 6.07% in the pre-market trading...

Why AbCellera Biologics Inc. (ABCL) stock faced negativity on Tuesday?

AbCellera Biologics Inc. (ABCL) shares lost 2.13% in after-hours on Tuesday, June 22, 2021, and closed the day at $21.60 per share. Earlier, ABCL's...

Biocept Inc. (BIOC) stock surged during current market trading. Why is it so?

Biocept Inc. (NASDAQ: BIOC) stock gained by 3.13% in the current market trading. Biocept creates and sells molecular diagnostic tests that offer doctors with...

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading...

Why MediciNova Inc (MNOV) stock facing negativity since Monday’s after-hours?

MediciNova Inc. (MNOV) shares lost 5.71% in after-hours on Monday, June 21, 2021, and the plummeting continues in the pre-market session on Tuesday as...

Histogen Inc. (HSTO) stock plunged during pre-market trading. What’s driving it low?

Histogen Inc. (NASDAQ: HSTO) stock gained by 16.16% at last close whereas the HSTO stock price declines by 2.73% in the pre-market trading. Histogen...

Pyxis Tankers Inc. (PXS) stock fell during pre-market trading. Why so?

Pyxis Tankers Inc. (NASDAQ: PXS) stock declined by 0.06% at the last close while the PXS stock price plunged by 6.15% in the pre-market...

Why STAAR Surgical Company (STAA) stock went up on Tuesday?

STAAR Surgical Company (STAA) shares rose 5.84% in after-hours on Tuesday, June 22, 2021, and closed the day at $151.25 per share. earlier in...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.