Jefferies Reaffirms Their Hold Rating on Cooper Tire Rubber

By Carrie Williams

In a report released today, Bret Jordan from Jefferies reiterated a Hold rating on Cooper Tire Rubber (NYSE: CTB), with a price target of $35. The company’s shares opened today at $32.25, close to its 52-week low of $31.55.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 9.1% and a 65.4% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Genuine Parts Company.

Cooper Tire Rubber has an analyst consensus of Moderate Buy, with a price target consensus of $43.

The company has a one-year high of $44.50 and a one-year low of $31.55. Currently, Cooper Tire Rubber has an average volume of 593.5K.

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Cooper Tire & Rubber Co. engages in the manufacture and trade of tires. It operates through the following geographical segments: North America, Latin America, Europe, and Asia. It offers replacement tires for light trucks, sport utility vehicles, and passenger cars. The company was founded by John F. Schaefer and Claude E.