Cooper Tire misses Street 1Q forecasts

Cooper Tire misses Street 1Q forecasts

The biggest institutional shareholders in Cooper Tire & Rubber Company include Vanguard Group Inc which owns 4 million shares in the company valued at $174.23 million. The analysts offering Earnings Estimates for the company were believing that The Goodyear Tire & Rubber Company (GT) could bring EPS of $0.87/share.

Cooper Tire & Rubber Co (NYSE:CTB)'s share price traded down 9.8% on Thursday after the company announced weaker than expected quarterly earnings. The Marcato Capital Management Lp holds 3.84 million shares with $118.54 million value, down from 4.39M last quarter. Net sales for the company dropped $7 million compared to a year ago. Zacks Investment Research raised shares of Cooper Tire & Rubber Co from a "hold" rating to a "buy" rating and set a $49.00 target price for the company in a report on Tuesday.

Goodyear's first quarter 2017 sales were $3.7 billion, about even with sales in the first quarter of 2016. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. About shares traded. Cooper Tire & Rubber Co (NYSE:CTB) has risen 8.42% since September 21, 2016 and is uptrending.

The stock now has its Annual Dividend of $0.4 and an annual Dividend Yield of 1.13 Percent. GT reported a change of -0.53% over the last week and performed -2.63% over the last month while its year to date (YTD) performance revealed an activity trend of 15.53%. Finally, State Street Corp increased its position in shares of Cooper Tire & Rubber Co by 3.0% in the fourth quarter. The top target is presently $53 and the lowest target has the stock reaching $40 within the year. It has a dividend yield of 1.13%. Balasa Dinverno And Foltz Ltd Liability Com has invested 0.04% in Goodyear Tire & Rubber Co (NASDAQ:GT).

Marcato Capital Management Lp decreased Goodyear Tire & Rubr Co (GT) stake by 12.53% reported in 2016Q4 SEC filing. The price to earnings growth is 1.15 and the price to sales ratio is 17.

Cooper Tire had cash and cash equivalents of $365 million as of Mar 31, 2017, down from $434 million as of Mar 31, 2016. The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10. Zacks Investment Research downgraded Cooper Tire & Rubber Co from a "hold" rating to a "sell" rating in a report on Tuesday, January 10th. Jefferies Initiates Coverage On the stock to Buy on 11/29/16 by stationing a price target of $36.5. In terms of recent volatility, the average for the month is 2.15% and 1.50% for the past week. Its the United Kingdom entity manufactures and markets passenger auto, light truck, motorcycle and racing tires and tire retread material.

Over the past five trading sessions shares of KKR & Co. It has been assigned a low target price of $24 and a high target price of $42. Combined, global unit volume increased almost 3 percent year over year, and we generated a 16.6 percent return on invested capital for the trailing four quarters. The FCF Growth of Cooper Tire & Rubber Company (NYSE:CTB) is -0.161040.

The company also released its Europe, Middle East, and Africa segment earnings, as well as its Asia Pacific segment earnings. RE Advisers Corp (DC) is the second biggest holder with 3 million shares now valued at 115.20 million whilst LSV Asset Management has 3 million shares valued at 101.13 million.

22nd Century Group, Inc. The Firm operates through three divisions. The stock's price is 1.40 and their relative strength index (RSI) stands at 63.87.

Goodyear's shipments in the Americas region, its biggest market, declined 4.4 percent due to lower USA auto production during the quarter ended March 31.

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