Jefferies Sticks to Their Hold Rating for Cooper Tire Rubber

By Carrie Williams

In a report issued on September 8, Bret Jordan from Jefferies reiterated a Hold rating on Cooper Tire Rubber (NYSE: CTB), with a price target of $40. The company’s shares closed on Friday at $33.45, close to its 52-week high of $44.50.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 8.4% and a 64.8% 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 Strong Buy, with a price target consensus of $45.67.

Cooper Tire Rubber’s market cap is currently $1.75B and has a P/E ratio of 9.29. The company has a book value ratio of 1.5438.

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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.