Investment analysts at Deutsche Bank (NYSE: DB) upped their target price on shares of Cooper Tire (NYSE: CTB) to $19.00 in a note issued to investors on Thursday.

The analysts wrote, "Cooper Tire reported stronger than expected Q1 earnings of $0.34 vs. our $0.27 estimate. Margins were significantly higher than we expected (op. margin was 4.8% vs. our 3.9% est.). All of the upside vs. our estimates was derived from lower than expected raw material inflation. Nonetheless, the results were impressive considering that they were achieved despite $0.32 of strike related costs. This reinforces our view that tire companies are becoming more profitable at any volume. We maintain our Hold based on uncertainty surrounding structural industry changes."

Cooper Tire traded up 1.56% on Thursday, hitting $16.24. Cooper Tire has a 52-week low of $9.64 and a 52-week high of $26.19. The company has a market cap of $1.012 billion and a price-to-earnings ratio of 3.98.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.34 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.29 EPS by $0.05. The company's quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that Cooper Tire will post $0.75 EPS next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Cooper Tire to $19.00 in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a "neutral" rating on shares of Cooper Tire in a research note to investors on Tuesday, February 28th. They now have a $19.00 price target on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) reiterated an "overweight" rating on shares of Cooper Tire in a research note to investors on Monday, February 27th.

Cooper Tire & Rubber Company is a manufacturer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light truck replacement tires.

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