Shares in Cooper Tire & Rubber Company show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed. Investors have an opportunity to buy the stock and target the $ 52.
Summary
The company has solid fundamentals for a short-term investment strategy.
Strengths
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
With a P/E ratio at 13.83 for the current year and 10.89 for next year, earnings multiples are highly attractive compared with competitors.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
For the past twelve months, EPS forecast has been revised upwards.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
The stock is in a well-established, long-term rising trend above the technical support level at 25.78 USD
Weaknesses
The stock is close to a major daily resistance at USD 44.45, which should be gotten rid of so as to gain new appreciation potential.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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