Price Action to Note: Cooper Tire & Rubber Co Can’t Burn Your Long Portfolio. Has Another Strong Session

Price Action to Note: Cooper Tire & Rubber Co Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Cooper Tire & Rubber Co (NYSE:CTB) is a huge mover today! About 180,488 shares traded hands. Cooper Tire & Rubber Co (NYSE:CTB) has risen 6.43% since April 22, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
The move comes after 6 months positive chart setup for the $2.11B company. It was reported on Nov, 25 by Barchart.com. We have $42.27 PT which if reached, will make NYSE:CTB worth $147.70 million more.

Cooper Tire & Rubber Co (NYSE:CTB) Ratings Coverage

Out of 7 analysts covering Cooper Tire (NYSE:CTB), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Cooper Tire has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Tuesday, November 3 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Neutral” rating given on Thursday, February 25 by Goldman Sachs. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 7. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, November 16. The rating was maintained by Deutsche Bank on Friday, August 7 with “Hold”. The firm has “Neutral” rating given on Tuesday, May 3 by Goldman Sachs. KeyBanc Capital Markets upgraded the shares of CTB in a report on Thursday, April 7 to “Overweight” rating. The stock of Cooper Tire & Rubber Co (NYSE:CTB) earned “Buy” rating by Standpoint Research on Friday, May 27. The firm has “Neutral” rating given on Wednesday, February 24 by JP Morgan. As per Monday, May 2, the company rating was maintained by JP Morgan.

According to Zacks Investment Research, “Cooper Tire & Rubber Company specializes in the manufacture and marketing of automotive products. Products for Cooper’s Tire Group include automotive, motorcycle and truck tires, inner tubes, tread rubber and equipment. In the Automotive Group, Cooper is an original equipment supplier of sealing, trim, NVH control systems and fluid handling systems for the automotive industry in North America, Europe and South America. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.03, from 0.88 in 2016Q1. The ratio fall, as 28 funds sold all Cooper Tire & Rubber Co shares owned while 85 reduced positions. 26 funds bought stakes while 74 increased positions. They now own 44.64 million shares or 11.89% less from 50.67 million shares in 2016Q1.
Blackrock Advsr Limited Liability Corp last reported 0% of its portfolio in the stock. Smith Asset Mngmt Gru Limited Partnership holds 70,661 shares or 0.06% of its portfolio. Rhumbline Advisers holds 0.01% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB) for 85,099 shares. Blackrock Japan Communication Limited, a Japan-based fund reported 1,211 shares. Credit Suisse Ag accumulated 0% or 110,644 shares. Great West Life Assurance Can accumulated 0% or 5,967 shares. California Public Employees Retirement Systems, a California-based fund reported 201,427 shares. Vanguard Grp Inc Inc Inc holds 0.01% or 5.15M shares in its portfolio. Nationwide Fund Advsrs reported 140,782 shares or 0.02% of all its holdings. The California-based Malaga Cove Cap Lc has invested 2.01% in Cooper Tire & Rubber Co (NYSE:CTB). Renaissance Technologies Limited Co owns 126,400 shares or 0.01% of their US portfolio. Tru Of Vermont reported 500 shares or 0% of all its holdings. Gateway Advisers holds 0.05% or 189,899 shares in its portfolio. Bryn Mawr Trust reported 98,879 shares or 0.19% of all its holdings. Zacks has 0.02% invested in the company for 26,113 shares.

Insider Transactions: Since November 16, 2016, the stock had 0 buys, and 1 insider sale for $151,443 net activity. HOLLAND JOHN J also sold $151,443 worth of Cooper Tire & Rubber Co (NYSE:CTB) on Wednesday, November 16.

More recent Cooper Tire & Rubber Co (NYSE:CTB) news were published by: Investorplace.com which released: “Cooper Tire & Rubber Co Stock Rolls on For Investors (CTB)” on October 20, 2016. Also Businesswire.com published the news titled: “Cooper Tire & Rubber Company Reports Third Quarter 2016 Results” on October 31, 2016. Businesswire.com‘s news article titled: “Cooper Tire & Rubber Company Declares 178th Consecutive Quarterly Dividend” with publication date: August 03, 2016 was also an interesting one.

CTB Company Profile

Cooper Tire & Rubber Company (Cooper), incorporated on March 26, 1930, is a maker and marketer of replacement tires. The Firm specializes in the design, manufacture, marketing and sales of passenger car and light truck tires. Cooper and its subsidiaries also sell medium truck, motorcycle and racing tires. The Firm is organized into four business divisions: North America, composed of the Company’s activities in the United States and Canada; Latin America, composed of the Company’s activities in Mexico, Central America and South America; Europe, and Asia. The North America and Latin America divisions are similar in their production and distribution processes, and are presented as the Americas Tire Operations segment. The results of the combined Asia and Europe divisions are presented as International Tire Operations segment. Cooper and its family of companies operate approximately eight manufacturing facilities and over 20 distribution centers in over 10 countries.

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