KeyBanc Thinks Cooper Tire Rubber’s Stock is Going to Recover

By Ryan Adsit

In a report issued on October 30, Brett Hoselton from KeyBanc reiterated a Buy rating on Cooper Tire Rubber (NYSE: CTB), with a price target of $42. The company’s shares opened today at $32.75, close to its 52-week low of $31.55.

According to TipRanks.com, Hoselton is a 5-star analyst with an average return of 18.2% and a 68.8% success rate. Hoselton covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Metaldyne Performance Group, and Cooper-Standard Holdings.

Currently, the analyst consensus on Cooper Tire Rubber is Moderate Buy and the average price target is $42.33, representing a 29.3% upside.

In a report released yesterday, FBR Capital also assigned a Buy rating to the stock with a $50 price target.

Cooper Tire Rubber’s market cap is currently $1.69B and has a P/E ratio of 8.45. The company has a book value ratio of 1.4398.

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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.