If you’re on the hunt for stocks to watch today, Cooper Tire & Rubber Company (NYSE:CTB) is a stock to give close attention to. The company shares are trading 4.27% or 1.08 points up from last closing price of $25.27, reaching $26.35 at last check. The CTB share price has risen in 4 of the last 5 days and is down -15.74% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 13,343 shares, and in total 373243 shares valued at $9.835 million were seen changing hands compared with 359900 shares valued at $9.095 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the CTB stock.
Cooper Tire & Rubber Company (CTB) shares have notched a 3-month decline of about -15.74%, but has still tumbled -21.84% year to date. By comparison, the stock sank -16.74% over the past 12 months, while it jumped 5.95% over the 1 month. The company’s market cap is around $1.27B, with its short interest ratio standing at 11.33%.
In the current trading session for CTB, the stock witnessed two major price actions, it rose to a high of $26.38 and was down as much as $24.8 at one point. The high recorded is very low when compared to their 52-week high which is $22.46. The 52-week high is now at -25.52 distance from current price. Their recent low of $35.36 represents a 17.25% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for CTB is $31.4, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Cooper Tire & Rubber Company earned $1.4 per share in the trailing 12 months and has a P/E ratio of 18.82. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 9.6 and lower compared to the sector’s average of 27.18. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. CTB also has P/S multiple of 0.47. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.06x.
The company recorded an interesting insider purchase transaction by the Director on Mar 09, 2018. A Securities and Exchanges Commission filings show that Robert D Welding bought a total of 1,500 CTB shares that day for a sum of around $48,450. The filings show that the insider stake has now grown to 3,000 shares, currently worth $79,050. Cooper Tire & Rubber Company (CTB) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 5,071 shares. In total, individual insiders traded 5,071 shares in the business, which makes up 4.666% of 108,688 shares that were traded over a year. In the past 12 months, insiders have purchased 88,927 shares while the seller parted with 19,761 shares.
CTB‘s last price was down -13.05% as compared to the average trading price of 50 days recorded at $30.3 while enlarging the period to 200 trading days, the average closing price was $26.87. At present, there are 50.45 million in the total number of common shares owned by the public and among those 49.74 million shares have been available to trade. The percentage of shares being held by the company management was 0.7% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (5.9%). It managed to keep its gross profit margin at 16.1% over the past 12 months.
When assessing the full upside of the CTB stock, there is another set of technicals that should be looked into and considered. Its 10.55% gain from moving average of $23.84 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0.66 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Cooper Tire & Rubber Company — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 2 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $35.6667 on shares of Cooper Tire & Rubber Company (NYSE:CTB), which corresponds to 35.15% upside potential than its current market price of $26.35 and implies potential despite the recent advance in the price. However, their current target price has fallen from $36 a month ago and is down handily from the consensus target of $37 a quarter ago.
In the last five years, the EPS of the company has been roughly -2.2%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by -0.71%. The revenue of the company has retreated at an average annualized rate of about -4 over the last five years. The company recently recorded a drop of -2.8%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards CTB stock. United Services Automobile Association added position in the company after it grew 3% or 194,861 shares of its common stock. The hedge fund now owns 200,707 shares worth $5,288,629, SEC documents show. Nuveen Asset Management LLC shored up assets in the stock as 788790.5 shares have been purchased, increasing its stake by 11.7% to 881,079 shares which are currently valued at $23,216,432. In addition, Price T Rowe Associates Inc. MD recently reported that it now owns 22,225 shares making a total of $585,629 based on the recent price. This refelects a change of 2% in their ownership.