Cooper Tire & Rubber Company (NYSE:CTB) Given Price Target Of $43


As per Cooper Tire & Rubber Company (NYSE:CTB)’s news release on 2016-05-06, its shareholders will get cash dividend of $0.105 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-02 and 2016-06-30, respectively.

The stock of Cooper Tire & Rubber Company (NYSE:CTB) will commence trading ex-dividend from 2016-05-31, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Cooper Tire & Rubber Company (NYSE:CTB) disbursed $0.42 in dividend compared to distribution of $0.42, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

The past track record of five years substantiates that the average payout of Cooper Tire & Rubber Company (NYSE:CTB) stands at $0.42, implying 0% growth. The company recorded earnings of $1.03 a share in the preceding fiscal.

The interim price target for Cooper Tire & Rubber Company (NYSE:CTB) is set at $43. This level is the mean price reached by averaging the stock views of 5 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $48 and the lowest level is established at 37. This broad range highlights a standard deviation of $4.636 in reported estimates.

AlphaOne has allotted A sentiment score of 0.56 to Cooper Tire & Rubber Company (NYSE:CTB) while impact score assigned is 0 as on as on 2016-07-19.

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