Markets

Why Cooper Tire & Rubber Co's Shares Plunged 11% Today

Why Cooper Tire & Rubber Co's Shares Plunged 11% Today”

The share price of Cooper Tire & Rubber Company (NYSE:CTB) was up +0.12% during the last day of trading, with a day high of 43.85. Prior to the last earnings report, Zacks Research had a consensus estimate looking for EPS of $0.93.

Analysts await Cooper Tire & Rubber Company (NASDAQ:CTB) to report earnings on April, 27 for the fiscal quarter ending Mar 2017. First quarter net sales were negatively impacted by $11 million of lower unit volume and $9 million of negative foreign currency impact, partially offset by $13 million of favorable price and mix, primarily due to net price increases related to higher raw material costs. Based on a recent trade, the shares are hovering around $1.40 which, according to analysts, yield significant upside potential to the $3.50 consensus target price.

Goodyear's first quarter 2017 sales were $3.7 billion, about even with sales in the first quarter of 2016. Moreover, Fort Point Capital Partners Llc has 0.08% invested in the company for 154,100 shares.

Fire grows to 40350 acres
He says the higher level teams have more personnel and more experience in fighting large and complex fires. The Sawmill Fire spread to more than 40,000 acres Wednesday afternoon due to winds and fuel.

03/14/2017 - Cooper Tire & Rubber Company was upgraded to "overweight" by analysts at JP Morgan. GT reported a change of -0.53% over the last week and performed -2.63% over the last month while its year to date (YTD) performance revealed an activity trend of 15.53%.

The tire maker posted revenue of $643 million in the period, also missing Street forecasts. The stock was sold at an average price of $40.37, for a total value of $566,835.17. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

With these kinds of figures it is worthy to note that The Goodyear Tire & Rubber Company (GT) has been put into a neutral territory, but there are few other spots to consider. Breton Hill Capital Ltd.'s holdings in Goodyear Tire & Rubber Co were worth $994,000 at the end of the most recent reporting period. The company has PEG ratio of 1.16 and price to cash ratio of 8.18. Revenues were nearly at par with the figure posted a year ago, mainly due to improvement in price and mix as well as higher pricing of third-party chemical sales partially offset by lower tire unit volume. Standpoint Research downgraded the stock to "Hold" rating in Wednesday, March 1 report. Eaton Vance Management now owns 3,915,368 shares of the company's stock worth $126,466,000 after buying an additional 1,641,819 shares during the period. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The overall volume in the last trading session was 3.87 million shares, versus the average volume of 2.62 million shares.

Ivanka Trump pays gushing birthday tribute to Melania
Most recently, pictures circulated of the President descending the stairs of a plane way ahead of the First Lady. At a Trump campaign rally in Florida Melania stood ready to deliver the Lord's Prayer.

The Goodyear Tire & Rubber Company is a manufacturer of tires.

Goodyear Tire & Rubber Co (NASDAQ:GT) last posted its earnings results on Wednesday, February 8th. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). In general, companies with the lowest combined rank may be the higher quality picks. $174,137 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) was sold by NOECHEL RICHARD J. Kihn Jean Claude sold $11,395 worth of stock or 371 shares. The Firm operates through four divisions: North America, Latin America, Europe, and Asia. As of December 31, 2016, the Company operated nine manufacturing facilities and 20 distribution centers in 10 countries. CLSA Maintains The Goodyear Tire & Rubber Company (GT) to Perform with a price target of $37. It also reduced Nabors Industries Ltd (NYSE:NBR) stake by 90,000 shares and now owns 220,000 shares.

Several investment firms issued their expert ratings on The Goodyear Tire & Rubber Company (GT) in which Jefferies Downgrades The Goodyear Tire & Rubber Company (GT) to Hold by settling a price target of $38 on 2/24/17.

Sheriff: 'Bachelor' star refused to answer door after crash
Mosher and his family live on a farm near the scene of the crash and have lived in the town for the majority of their lives. Chris ended up fleeing the scene of the accident and was arrested soon after, but is already out on a $10,000 bond.



Like this

Latest


30 April 2017
Apple may be working on its own money transfer service
However, the card is apparently raising concerns among banking executives who will have to battle with Apple to woo consumers. The cards would also have their own numbers to be eligible for wider online purchases, not just limited to Apple products.

29 April 2017
Yaya Toure sees Manchester power balance tilting firmly in favour of City
He said: "We have to win as many games as we can, focus on what we need to do and try to make sure we get the job done". City goalkeeper Claudio Bravo will undergo tests after being stretchered off with a calf injury in the second half.

29 April 2017
NFL Draft picks: SEC sets record for selections over first two rounds
The Browns enter the third and final day with five picks but won't make their first until the start of the fifth round. Pace has been criticized for not taking a quarterback at all the past two years as the sage of Cutler wound down.

28 April 2017
Apple patent reveals latest plans for wireless charging
Once these materials arrive at Apple headquarters, reports should provide further indication of the potential iPhone releases . While multiple leaks showed a Touch ID sensor on the back of the device, you can't see it on this leak.

28 April 2017
BlackBerry KeyOne Launches In The US May 31st
Up to 52 customizable shortcuts transform each letter key for quick access to your favorite apps and most important contacts. Flick typing offers predictive text, made even faster with the ability to flick words onto your screen as you type.

28 April 2017
Beloved 600-year-old white oak tree takes final bow
It's the end of the line for a 600-year-old white oak tree in New Jersey that's believed to be among the oldest in the nation. A symbolic white oak tree that stood even before Christopher Columbus set foot in the United States has been cut down.

28 April 2017
Kia to invest $1.1 billion to build its first India factory
Earlier this month, Hyundai and Kia recalled 1.4 million cars in U.S., Canada and South Korea due to possible engine failures. Kia will invest Dollars 2 billion on this plant which will have a capacity to manufacture 3 lakh cars per annum.

27 April 2017
Twitter's revenue declines but beats Wall Street's expectations
In addition, the company tries to attract more users by streaming live video from sports, entertainment and news partners. Despite the fall, this remained above market expectations, providing a boost to shares in pre-market trading.

27 April 2017
Trump tweets don't help: 1st Twitter revenue drop since IPO
Twitter posted GAAP losses of 9 cents per share or $62 million, compared to last year's loss of 12 cents per share or $80 million. The company also introduced an update that makes it easier for users to follow conversations and replies in late March.

27 April 2017
OAS to hold emergency meeting Wednesday on Venezuela crisis
A statement from the organization says the US and 15 other nations called for the session. The ruling was later partially reversed amid a storm of global criticism.



Recommended