COOPER TIRE_RB

WASHINGTON The International Trade Commission (ITC) has voted to uphold the imposition of antidumping duties on consumer tires from South Korea, Taiwan and Thailand, but terminated the investigation into dumping from Vietnam. The ITC did not at this time disclose how the five commissioners voted. The Commission also affirmed the imposition of countervailing duties on said imports from Vietnam. The decision cements elevated import duties on nearly $4 billion in imports from the four nations, as determined earlier by the U.S. Commerce Department, which based its earlier ruling on its belief that such tires "are being, or are likely to be, sold in the U.S. at less than fair value." The investigation which was carried out in response to a petition from the United Steelworkers in May 2020 covered a period from April 1, 2019, through March 31, 2020. The final rates published by Commerce are: In South Korea Hankook Tire & Technology Co. Ltd., 27.05%; Nexen Tire Corp., 14.72%; "all others" 21.74%.

CUYAHOGA FALLS, Ohio Tire dealers contacted recently by Tire Business reacted with optimism and excitement to news of Goodyear acquiring Cooper Tire & Rubber Co. The new Goodyear will cast a wide net, and a streamlined portfolio using both the breadth of segment coverage and the depth of brand price points could be great for everyone, they noted. "We''re excited about the future," Carson Cornelius, chief development officer at Zurcher Tire Inc., said. "We''ve been loyally buying the (Cooper) Mastercraft brand for decades. We''ve also been dealing with Goodyear for decades." The Monroe, Ind.-based tire wholesaler distributes from 11 sites in Indiana, Illinois, Iowa, Michigan and Missouri. "We think Mastercraft and Cooper''s other brands can be a great addition to Goodyear''s strong brand catalog," Mr. Cornelius said. "We''re excited to see an American company secure the future of important American brands." Goodyear''s $2.5 billion bid to buy Cooper closed June 7. The combination of the two Ohio-based companies brings together the world''s No. 3 tire maker, with global sales of $13.7 billion in 2019, with Cooper, the No. 13 tire maker with $2.8 billion.

New York, June 16, 2021 (GLOBE NEWSWIRE) -- Automotive Aftermarket Industry Overview: According to a comprehensive research report by Market Research Future (MRFR), " Automotive Aftermarket Industry - Information By, By Channel, By Vehicle Age, By Vehicle Type and Region - Global Forecast till 2027" the market is set to cross USD 1000 billion by 2027. It can display a growth rate of 4.40% over the forecast period (2020-2027). Market Scope The need for drivers to improve vehicle performance in terms of appearance, speed, sound, and mileage can drive the market demand significantly. Large number of car owners in the U.S. and Europe coupled with adherence to changing standards by regulatory agencies can augur favorably for the market. Automotive manufacturers looking to expand their sources of revenue have ventured into the market. Rising automobile sales and integration of digitally tuned devices can drive the market demand. Online channels are looked as a source of attaining components and manufacturers are investing in websites and opening channels on ecommerce sites to be part of the customer experience.

Cooper Tire & Rubber Company found using ticker (CTB) now have 2 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 58 and 48 calculating the average target price we see 53. Given that the stocks previous close was at 60.2 this is indicating there is a potential downside of -12.0%. The 50 day moving average now sits at 58.85 and the 200 day MA is 49.8. The company has a market cap of $3,040m. You can visit the company''s website by visiting: 0 [stock_market_widget type="chart" symbol="CTB" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 0 This article Cooper Tire & Rubber Company Consensus Indicates Potential -12.0% Downside first appeared on DirectorsTalk Interviews .

HUNTERSVILLE, N.C. Goodyear''s purchase of Cooper Tire & Rubber Co. finalized on June 7 won''t stand in the way of the relationship between Cooper and American Tire Distributors Inc. (ATD). At least through 2021. Keith Calcagno, chief merchant and strategy officer at Huntersville-based ATD, said in a statement to Tire Business that the tire distributor looks "forward to continuing our work with Cooper on several new product launches (including exclusive products) in the second half of 2021 that will be coming to our customers and continuing to help grow the Cooper, Mastercraft, Mickey Thompson and ATD''s proprietary brands." Mr. Calcagno said it will be "business as usual for us, and we are focused on delivering the broadest assortment of tires, wheels and shop supplies to our customers." ATD , the largest independent tire wholesaler in North America, has been a longtime distributor of the Cooper brand, a partnership that Mr. Calcagno termed "a very long, deep and personal relationship." In announcing the completion of the $2.5 billion cash and stock deal that unites the world''s No. 3 and No. 13 tire makers, based on global sales, Goodyear Chairman, President and CEO Rich Kramer listed three items that won''t change in 2021: Existing strategies for the brands, product portfolios, programs and promotions; Goodyear and Cooper production launches will remain on track; and In the near term, the plan for the "combined manufacturing footprint" will stay the same.

WASHINGTON The International Trade Commission (ITC) has voted to uphold the imposition of antidumping duties on consumer tires from South Korea, Taiwan and Thailand, but terminated the investigation into dumping from Vietnam. The ITC did not at this time disclose how the five commissioners voted. The Commission also affirmed the imposition of countervailing duties on said imports from Vietnam. The decision cements elevated import duties on nearly $4 billion in imports from the four nations, as determined earlier by the U.S. Commerce Department, which based its earlier ruling on its belief that such tires "are being, or are likely to be, sold in the U.S. at less than fair value." The investigation which was carried out in response to a petition from the United Steelworkers in May 2020 covered a period from April 1, 2019, through March 31, 2020. The final rates published by Commerce are: In South Korea Hankook Tire & Technology Co. Ltd., 27.05%; Nexen Tire Corp., 14.72%; "all others" 21.74%.

CUYAHOGA FALLS, Ohio Tire dealers contacted recently by Tire Business reacted with optimism and excitement to news of Goodyear acquiring Cooper Tire & Rubber Co. The new Goodyear will cast a wide net, and a streamlined portfolio using both the breadth of segment coverage and the depth of brand price points could be great for everyone, they noted. "We''re excited about the future," Carson Cornelius, chief development officer at Zurcher Tire Inc., said. "We''ve been loyally buying the (Cooper) Mastercraft brand for decades. We''ve also been dealing with Goodyear for decades." The Monroe, Ind.-based tire wholesaler distributes from 11 sites in Indiana, Illinois, Iowa, Michigan and Missouri. "We think Mastercraft and Cooper''s other brands can be a great addition to Goodyear''s strong brand catalog," Mr. Cornelius said. "We''re excited to see an American company secure the future of important American brands." Goodyear''s $2.5 billion bid to buy Cooper closed June 7. The combination of the two Ohio-based companies brings together the world''s No. 3 tire maker, with global sales of $13.7 billion in 2019, with Cooper, the No. 13 tire maker with $2.8 billion.

New York, June 16, 2021 (GLOBE NEWSWIRE) -- Automotive Aftermarket Industry Overview: According to a comprehensive research report by Market Research Future (MRFR), " Automotive Aftermarket Industry - Information By, By Channel, By Vehicle Age, By Vehicle Type and Region - Global Forecast till 2027" the market is set to cross USD 1000 billion by 2027. It can display a growth rate of 4.40% over the forecast period (2020-2027). Market Scope The need for drivers to improve vehicle performance in terms of appearance, speed, sound, and mileage can drive the market demand significantly. Large number of car owners in the U.S. and Europe coupled with adherence to changing standards by regulatory agencies can augur favorably for the market. Automotive manufacturers looking to expand their sources of revenue have ventured into the market. Rising automobile sales and integration of digitally tuned devices can drive the market demand. Online channels are looked as a source of attaining components and manufacturers are investing in websites and opening channels on ecommerce sites to be part of the customer experience.

Cooper Tire & Rubber Company found using ticker (CTB) now have 2 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 58 and 48 calculating the average target price we see 53. Given that the stocks previous close was at 60.2 this is indicating there is a potential downside of -12.0%. The 50 day moving average now sits at 58.85 and the 200 day MA is 49.8. The company has a market cap of $3,040m. You can visit the company''s website by visiting: 0 [stock_market_widget type="chart" symbol="CTB" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 0 This article Cooper Tire & Rubber Company Consensus Indicates Potential -12.0% Downside first appeared on DirectorsTalk Interviews .

HUNTERSVILLE, N.C. Goodyear''s purchase of Cooper Tire & Rubber Co. finalized on June 7 won''t stand in the way of the relationship between Cooper and American Tire Distributors Inc. (ATD). At least through 2021. Keith Calcagno, chief merchant and strategy officer at Huntersville-based ATD, said in a statement to Tire Business that the tire distributor looks "forward to continuing our work with Cooper on several new product launches (including exclusive products) in the second half of 2021 that will be coming to our customers and continuing to help grow the Cooper, Mastercraft, Mickey Thompson and ATD''s proprietary brands." Mr. Calcagno said it will be "business as usual for us, and we are focused on delivering the broadest assortment of tires, wheels and shop supplies to our customers." ATD , the largest independent tire wholesaler in North America, has been a longtime distributor of the Cooper brand, a partnership that Mr. Calcagno termed "a very long, deep and personal relationship." In announcing the completion of the $2.5 billion cash and stock deal that unites the world''s No. 3 and No. 13 tire makers, based on global sales, Goodyear Chairman, President and CEO Rich Kramer listed three items that won''t change in 2021: Existing strategies for the brands, product portfolios, programs and promotions; Goodyear and Cooper production launches will remain on track; and In the near term, the plan for the "combined manufacturing footprint" will stay the same.