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How Cooper Tire & Rubber (CTB) Stock Stands Out in a Strong Industry

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One stock that might be an intriguing choice for investors right now is Cooper Tire & Rubber Co. . This is because this security in the Rubber-Tires space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Rubber-Tires space as it currently has a Zacks Industry Rank of 5 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.  

Meanwhile, Cooper Tire & Rubber is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

COOPER TIRE Price and Consensus

COOPER TIRE Price and Consensus | COOPER TIRE Quote

In fact, over the past month, current quarter estimates have increased from $1.00 per share to $1.02 per share, while current year estimates have increased from $4.08 per share to 4.22 per share. This has helped CTB to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Cooper Tire & Rubber. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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