Longbow Research Sticks to Its Hold Rating for Cooper Tire Rubber (CTB)

By Ryan Adsit

Longbow Research analyst Anthony Deem maintained a Hold rating on Cooper Tire Rubber (NYSE: CTB) today. The company’s shares closed on Friday at $27.85.

Deem noted:

“CTB is currently trading at 9.6x consensus FY2 EPS estimates, below the company’s 5-year average forward P/E of 9.9x. On an EV/EBITDA basis, CTB trades at 4.2x FY2 EV/EBITDA, compared to the company’s 5-year average of 4.3x.”

According to TipRanks.com, Deem is ranked 0 out of 5 stars with an average return of -9.5% and a 30.8% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.

Cooper Tire Rubber has an analyst consensus of Moderate Buy, with a price target consensus of $36.50.

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Cooper Tire Rubber’s market cap is currently $1.41B and has a P/E ratio of 20.33. The company has a Price to Book ratio of 1.24.

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Cooper Tire & Rubber Co. engages in tire solutions. Its activities include design, manufacture, marketing and sales replacement tires focuses on passenger car, light truck, medium truck, motorcycle, and racing cars. It operates through the following geographical segments: North America, Latin America, Europe, and Asia.