Cooper Tire & Rubber Company Buyback
OLI recorded this information on 2/17/2017
Company:
Cooper Tire & Rubber Company
Buyback:
CTB buyback
$Amount Authorized:
$300,000,000
Buyback Details:
Cooper Tire & Rubber Company (NYSE:CTB) today announced that its Board of Directors has increased and extended its share repurchase program by authorizing the repurchase of up to $300 million of the company's outstanding common stock through Dec. 31, 2019.
Cooper Tire & Rubber is a manufacturer and marketer of replacement tires. In its Americas Tire Operations segment, Co. manufactures and markets passenger car and light truck tires, mainly for sale in the United States replacement market, and also supplies passenger car tires to the Mexican, North American, Central American and South American markets. In its International Tire Operations segment, Co.'s United Kingdom entity manufactures and markets motorcycle and racing tires and tire retread material for domestic and global markets, and its Serbian entity manufactures passenger car and light truck tires mainly for the European markets and for export to the North American segment.
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 19th percentile
(ranked lower than approx. 81% of all stocks covered)
Analysts' Target Price: CTB Stock Forecast Based on Zacks ABR data; powered by Xignite |
