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Cooper Tire (NYSE:CTB) was Improved by Analysts at JPMorgan from a Neutral Rating to Overweight One

JP Morgan Analyst Rating Change Cooper Tire NYSE:CTB

Cooper Tire (NYSE:CTB) Rating Improved

JPMorgan increased the shares of Cooper Tire (NYSE:CTB) from a Neutral rating to Overweight rating in an analyst note revealed to clients and investors on Tuesday, 14 March.

The company’s rating upgrade is welcomed by stock investors, as NYSE:CTB is now trading 1.85% higher at $41.40 as of 2:02 AM New York time. Cooper Tire shares have [From2] 0% over the past 200 days, while the S&P 500 Index has added 13.53% during the same time.

Out of 5 analysts covering Cooper Tire, 2 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $48 and the lowest is $37 according to Thomson/First Call. The 12-month mean target is $43, which means upside potential of 3.86% over the current price.

Institutional Ownership

Fairpointe Capital Llc had the largest stake with ownership of 2.22M shares as of q2 2015 for 1.9% of the fund portfolio. Hodges Capital Management Inc. is another bullish institutional investor who is possessing 613,007 shares of Cooper Tire or 1.12% of their fund portfolio. In addition, Piermont Capital Management Inc. have 1.07% of their fund portfolio invested in the company for 119,294 shares. The Ohio-based fund Opus Capital Group Llc revealed it had bought a stake worth about 0.99% of the institutional investor’s stock portfolio in Cooper Tire. The Florida-based fund Deprince Race & Zollo Inc is also positive about the stock, possessing 126,006 shares or 0.86% of their fund portfolio.

Cooper Tire (NYSE:CTB) Profile

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Company specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck, motorcycle, and racing tires. The Company operates through four segments: North America, Latin America, Europe, and Asia.

Cooper Tire (NYSE:CTB) traded up 1.85% on 14 March, hitting $41.4. A total of 25 shares of the company’s stock traded hands. This is down from average of 1.41M shares. Cooper Tire has a 52 week low of $29.29 and a 52 week high of $42.38. The company has a market cap of $2.20B and a P/E ratio of 9.18.

Get the latest Cooper Tire (NYSE:CTB) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Cooper Tire (NYSE:CTB) was Improved by Analysts at JPMorgan from a Neutral Rating to Overweight One appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Cooper Tire (NYSE:CTB) was Improved by Analysts at JPMorgan from a Neutral Rating to Overweight One


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