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NYSE:CTB

60.17
0.00 (0.00%) 1d
0
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PAST TOP PICK

(A Past Top Pick on May 2, 2017, Down 26%) They've always been sensitive to rubber prices, so their margins are being squeezed. He's watching this closely. They report April 30 and look for any signs of recovery. It's on a short leash.

Consumer Products
COMMENT

Hold CIBC (CM-T) or Cooper Tire & Rubber (CTB-N) in TFSA? CIBC for constant dividend growth and those dividends will compound without getting taxed.

Consumer Products
COMMENT

This has an interesting trajectory right now. It’s been a very volatile stock. Their recent earnings were a beat. He has some pretty cautious perspectives on OEMs, but the parts have held in OK. The chart shows a lot of volatility, and that doesn’t check his box. It’s in a subsector that he is comfortable with, but the volatility is too much. There are safer places to be.

Consumer Products
TOP PICK

(His theme today is economically sensitive stocks, and ones that have disappointed lately.) This has done well over the years. They are in the replacement tire business. Tire volumes are expected to grow 4% annually for the foreseeable future. Recent earnings were disappointing, but it was well understood that rubber prices had risen. When that happens, costs of goods rise and margins shrink. One shouldn’t take a quarterly view of that. This is trading at 9X earnings. Dividend yield of 1.1%. (Analysts’ price target is $48.)

Consumer Products
SELL

Seasonally it does well mid-March until this time of each year. There will be other opportunities. Mid Oct until end of year is the next period.

Consumer Products
DON'T BUY

In the replacement tire business so are not selling tires to car manufacturers, but to garages, etc. They were involved for a while in a takeover bid that didn’t pan out. Not a great business really. Earnings should be fairly stable for the next couple of years, but there is not enough upside for him.

Consumer Products
PAST TOP PICK

(A Top Pick Jan 10/13. Down 13.8%.) Had attempted to buy/merge with Apollo and that fell apart. This was an all cash deal, no regulatory issues. Still thinks this is a good company.

Consumer Products
BUY on WEAKNESS

Close at $24.69 and he has a model price of $30.28, a 23% upside. He would wait for it to reach the $23 level. 1.7% yield. Likes the automotive space.

Consumer Products
DON'T BUY

Manufactures tires for the aftermarket business. An incredibly cyclical company. Not a brilliant company. A competitive company in a brutal business. You need to buy it when it is not doing well and wildly out of favour.

Consumer Products
HOLD

A $35 offer came in from Apollo tire. All cash. Both board approved it and there were no competition issues. Some of the union negotiations that needed to be completed did not complete and they are in court. If the deal comes to pass he will tender his stock otherwise he is happy to own it. Thinks it is miss-priced here. Their competition is up 30% and they aren’t.

Consumer Products
BUY

Primarily in the replacement tire business, as opposed to an original equipment manufacturer. They don’t have the debt levels or unfunded pension liabilities that Goodyear Tire (GT-Q) has. Good multiple at around 8-9 times. Expect they will earn about $3 a share this year. The worry would be that they are subject to raw material costs but currently rubber costs have come down. Good place to be.

Consumer Products
TOP PICK

Mostly in the replacement tire business. As the American car gets older and older, that sort of plays into this company. Average US car is 11 years old. Input costs (rubber) have been falling over the last several months. Yield of 1.59%.

Consumer Products
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Cooper Tire & Rubber(CTB-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Cooper Tire & Rubber is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cooper Tire & Rubber(CTB-N) Frequently Asked Questions

What is Cooper Tire & Rubber stock symbol?

Cooper Tire & Rubber is a American stock, trading under the symbol CTB-N on the New York Stock Exchange (CTB). It is usually referred to as NYSE:CTB or CTB-N

Is Cooper Tire & Rubber a buy or a sell?

In the last year, there was no coverage of Cooper Tire & Rubber published on Stockchase.

Is Cooper Tire & Rubber a good investment or a top pick?

Cooper Tire & Rubber was recommended as a Top Pick by on . Read the latest stock experts ratings for Cooper Tire & Rubber.

Why is Cooper Tire & Rubber stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cooper Tire & Rubber worth watching?

In the last year, there was no coverage of Cooper Tire & Rubber published on Stockchase.

What is Cooper Tire & Rubber stock price?

On 2021-06-04, Cooper Tire & Rubber (CTB-N) stock closed at a price of $60.17.