Cooper Tire & Rubber Company (CTB) Sets 1 Year Low; Strong Momentum for Sellers

March 22, 2018 - By Adrian Erickson

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.22, from 1.03 in 2017Q2. It is negative, as 35 investors sold Cooper Tire & Rubber Company shares while 76 reduced holdings. 21 funds opened positions while 69 raised stakes. 51.55 million shares or 0.86% more from 51.11 million shares in 2017Q2 were reported.
Sterling Capital Ltd Liability holds 0.15% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB) for 420,200 shares. Ameritas Investment Prtn has 20,309 shares for 0.03% of their portfolio. Cantab Prtn Limited Liability Partnership reported 0.11% in Cooper Tire & Rubber Company (NYSE:CTB). Sei invested in 72,612 shares. Fairpointe Capital Ltd Liability Com owns 2.74% invested in Cooper Tire & Rubber Company (NYSE:CTB) for 3.71 million shares. Texas Permanent School Fund owns 38,100 shares for 0.02% of their portfolio. James Inv owns 313,944 shares for 0.39% of their portfolio. Advantus Capital Mgmt Inc holds 6,543 shares. Adams Asset Advsr Ltd Co holds 26,988 shares or 0.14% of its portfolio. California Pub Employees Retirement Sys accumulated 192,832 shares. Credit Suisse Ag stated it has 0% in Cooper Tire & Rubber Company (NYSE:CTB). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB) for 2,605 shares. First L P has invested 0.01% in Cooper Tire & Rubber Company (NYSE:CTB). Amp Invsts Limited reported 0% stake. Comerica Bancorporation holds 135,181 shares or 0.03% of its portfolio.

Since March 9, 2018, it had 1 insider purchase, and 0 sales for $48,443 activity.

The stock of Cooper Tire & Rubber Company (NYSE:CTB) hit a new 52-week low and has $28.69 target or 5.00 % below today’s $30.20 share price. The 7 months bearish chart indicates high risk for the $1.53 billion company. The 1-year low was reported on Mar, 22 by If the $28.69 price target is reached, the company will be worth $76.70M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.17% or $0.05 during the last trading session, reaching $30.2. About 325,516 shares traded. Cooper Tire & Rubber Company (NYSE:CTB) has risen 15.20% since March 22, 2017 and is uptrending. It has underperformed by 1.50% the S&P500.

Cooper Tire & Rubber Company (NYSE:CTB) Ratings Coverage

Among 9 analysts covering Cooper Tire (NYSE:CTB), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Cooper Tire had 33 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 7. FBR Capital maintained it with “Buy” rating and $50.0 target in Monday, December 11 report. Jefferies maintained the shares of CTB in report on Thursday, July 6 with “Hold” rating. FBR Capital maintained it with “Outperform” rating and $53 target in Thursday, March 23 report. The firm earned “Hold” rating on Friday, August 7 by Deutsche Bank. JP Morgan maintained Cooper Tire & Rubber Company (NYSE:CTB) on Monday, May 2 with “Neutral” rating. The stock of Cooper Tire & Rubber Company (NYSE:CTB) earned “Hold” rating by Jefferies on Tuesday, October 31. Northcoast downgraded the stock to “Neutral” rating in Wednesday, April 19 report. As per Thursday, April 7, the company rating was upgraded by KeyBanc Capital Markets. The stock has “Hold” rating by Jefferies on Monday, August 7.

Cooper Tire & Rubber Company, together with its subsidiaries, designs, makes, and markets replacement tires in North America, Latin America, Europe, and Asia. The company has market cap of $1.53 billion. The firm operates through Americas Tire Operations and International Tire Operations divisions. It has a 16.69 P/E ratio. It makes and markets passenger car, light truck, motorcycle, and racing tires, as well as tire retread material; and distributes tires for racing, medium trucks, and motorcycles.

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