Cooper Tire & Rubber Company (CTB): Today's Featured Consumer Non-Durables Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Cooper Tire & Rubber Company ( CTB) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Cooper Tire & Rubber Company fell $0.96 (-2.9%) to $32.26 on heavy volume. Throughout the day, 2,190,751 shares of Cooper Tire & Rubber Company exchanged hands as compared to its average daily volume of 1,318,500 shares. The stock ranged in price between $31.95-$32.75 after having opened the day at $31.97 as compared to the previous trading day's close of $33.22. Other companies within the Consumer Non-Durables industry that declined today were: CTI Industries Corporation ( CTIB), down 8.2%, Mercer International ( MERC), down 6.9%, Forward Industries ( FORD), down 4.6% and Under Armour ( UA), down 3.9%.

Cooper Tire & Rubber Company, together with its subsidiaries, manufactures and markets replacement tires worldwide. It operates in two segments, North American Tire Operations and International Tire Operations. Cooper Tire & Rubber Company has a market cap of $2.2 billion and is part of the consumer goods sector. Shares are up 31.0% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Cooper Tire & Rubber Company a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cooper Tire & Rubber Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, Boise ( BZ), up 26.1%, Mannatech ( MTEX), up 16.4%, Verso Paper ( VRS), up 14.4% and China Xiniya Fashion ( XNY), up 14.1% , were all gainers within the consumer non-durables industry with Rock-Tenn Company ( RKT) being today's featured consumer non-durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists