For the week, the stock is performing -5.19%.
Cooper Tire & Rubber (NYSE CTB) traded down 1.92% during trading on Wednesday, hitting $35.75.
Other large investors also recently added to or reduced their stakes in the company. Financial Architects Inc now owns 3,546 shares of the company's stock worth $124,000 after purchasing an additional 75 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in The Goodyear Tire & Rubber Co.by 48.3% in the second quarter. (NASDAQ:SBRA) has a market cap of $3.57 billion and over the last 12 months, SBRA has declined by -15.33%. Through this figure traders can analyze that GT show whether or not a stock now most active and standing in buying side or sell side. On Monday, August 7 the stock rating was maintained by Deutsche Bank with "Hold". The sale was disclosed in a document filed with the SEC, which is available through the SEC website. On average, analysts forecast that Cooper Tire & Rubber Company will post $3.37 earnings per share for the current year.
Higher raw material costs, a slowdown in auto manufacturing and a slowing tire replacement cycle are all hurting the tiremaker, despite the fact that its per-tire revenues are up about 5% this year, the company reported. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average.
The price target set for the General Electric Company (GE) is $27.80 and this sets up an interesting set of potential movement for the stock. FNY Partners Fund LP acquired a new position in Cooper Tire & Rubber during the first quarter worth about $110,000. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.03. Cooper Tire & Rubber had a return on equity of 17.67% and a net margin of 6.71%. It last reported revenues of $3.6 billion and EPS of $0.15 for the June 2017, representing 41% top-line growth and -0.18 EPS growth. LS Investment Advisors LLC now owns 4,311 shares of the company's stock worth $156,000 after purchasing an additional 627 shares during the period. The Goodyear Tire & Rubber's quarterly revenue was up 1.9% compared to the same quarter past year.
The company's board also authorized a dividend increase of 40 percent. Investors of record on Friday, December 1st will be issued a dividend of $0.105 per share. It had closed the previous session at $33.95. Its up 0.03, from 1.11 in 2017Q1. The ex-dividend date is Tuesday, October 31st. Ubs Asset Mngmt Americas has invested 0% in Cooper Tire & Rubber Co (NYSE:CTB). On an adjusted basis, Goodyear earned 70 cents a share. Analysts reported that the Price Target for The Goodyear Tire & Rubber Company might touch $46 high while the Average Price Target and Low price Target is $37.3 and $30 respectively. Macquarie Research upgraded the shares of ABX in report on Wednesday, August 19 to "Neutral" rating. Berenberg initiated Goodyear Tire & Rubber Co (NASDAQ:GT) on Tuesday, November 22 with "Buy" rating. Zacks Investment Research lowered Cooper Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Friday, July 28th. The average 1-year price target among analysts that have covered the stock in the last year is $42.20.
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While original equipment unit volume fell 9 percent in the quarter, replacement tire shipments decreased 4 percent. The Company's Americas business comprises businesses of North America and Latin America.