Goodyear Tire & Rubber Co. Reaches New 12-Month High at $22.50 (GT)
Shares of Goodyear Tire & Rubber Co. (NYSE:GT) hit a new 52-week high during trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $22.50 and last traded at $22.06, with a volume of 3,086,092 shares trading hands. The stock had previously closed at $22.17.
GT has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Goodyear Tire & Rubber Co. (NYSE:GT) in a research note to investors on Thursday, September 12th. They now have a $23.00 price target on the stock, up previously from $21.00. Separately, analysts at Argus raised their price target on shares of Goodyear Tire & Rubber Co. (NYSE:GT) from $17.00 to $22.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Goodyear Tire & Rubber Co. (NYSE:GT) from $20.00 to $24.00 in a research note to investors on Wednesday, July 31st. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $17.71.
Goodyear Tire & Rubber Co. has a 1-year low of $10.91 and a 1-year high of $22.37. The stock’s 50-day moving average is $19.8 and its 200-day moving average is $15.59. The company has a market cap of $5.468 billion and a P/E ratio of 17.76.
Goodyear Tire & Rubber Co. (NYSE:GT) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.19. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that Goodyear Tire & Rubber Co. will post $2.34 EPS for the current fiscal year.
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company, together with subsidiaries and joint ventures, develops, manufactures, markets and distributes tires for a range of applications.
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