Cooper Tire & Rubber (CTB)
- On 1:00 am EDT, Wednesday October 28, 2009
Cooper Tire & Rubber Co. (NYSE: CTB - News) is well positioned to enjoy improved operating costs, greater geographic flexibility and the ability to penetrate international markets through its investments and facilities in low-cost countries.
The company continues to realize the benefits of reducing costs in its manufacturing operations. It has also been able to absorb the costs associated with the need to curtail production to align with demand.
In the second quarter, Cooper Tire returned to profitability after a year. Earnings increased tenfold compared to the Zacks Consensus Estimate of $0.04. As such, we have upgraded the stock to an Outperform recommendation with a six-month target price of $20 per share.
COOPER TIRE (CTB): Free Stock Analysis Report
|
Related Headlines
- Tire inflation: tariffs, demand push up prices - AP
- Will the S&P 500 Close Above 1100? - at CNBC
- Goodyear Tire & Rubber shares rise after upgrade - AP
- COOPER TIRE & RUBBER CO Financials - EDGAR Online Financials
- COOPER TIRE & RUBBER CO Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure - EDGAR Online
Related Blog Headlines
- Cato Corporation (CATO): Zacks Rank Buy - Zacks.com
- Zacks Releases Four Powerful ''Buy'' Stocks: Universal Health Services, Inc, Crane Co., Nordstrom Inc. and Cooper Tire & Rubber Company - Zacks.com
- Cooper Tire & Rubber Company (CTB): Zacks Rank Buy - Zacks.com
- Zacks Bull and Bear of the Day Highlights: Cooper Tire & Rubber Co., Citi Trends, Life Technologies Corporation, MDS Analytical Technologies and Danaher Corporation - Zacks.com
- Cooper Tire & Rubber (CTB) - Zacks.com
Sponsored Links
-
Need Affordable Health Care?
Get Affordable Health Insurance Quotes Online - Rates from $30 / Month -
Refinance Now at 4.25% Fixed
No hidden fees-4.4% APR! No obligation. Get 4 free quotes. No SSN req.
-
Obama Urges Homeowners to Refinance
$90,000 Refinance $489/mo. See Rates- No Credit Check Req. -
Obama Backs Insurance Regulation
Drive Less than 2 Hours a Day? You Could Get Auto Insurance Discounts.
More From Provider
Tech Ticker Recent Posts
- Are We Really Better Off Than We Were a Year Ago? - Peter Gorenstein
- Dollar Slumps After Fed Talks Turkey: Can Stocks Keep Up with Gold? - Aaron Task
- Don't Blame the Shorts: A History of Misplaced Aggression - Heesun Wee
Add Alert © 2009 Zacks.com. All rights reserved.