Goodyear Tire & Rubber Co. Reaches New 12-Month High at $25.87 (GT)
Goodyear Tire & Rubber Co. (NYSE:GT) set a new 52-week high during trading hours on Thursday, AnalystRatingsNetwork reports. The company traded as high as $25.87 and last traded at $25.40, with a volume of 6,563,209 shares. The stock had previously closed at $24.71.
A number of analysts have recently weighed in on GT shares. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Goodyear Tire & Rubber Co. from $26.00 to $29.00 in a research note to investors on Thursday. Separately, analysts at Zacks downgraded shares of Goodyear Tire & Rubber Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, December 6th. They now have a $23.00 price target on the stock. Finally, analysts at Standpoint Research initiated coverage on shares of Goodyear Tire & Rubber Co. in a research note to investors on Monday, December 2nd. They set a “buy” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.89.
Goodyear Tire & Rubber Co. has a one year low of $11.83 and a one year high of $24.76. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $20.53. The company has a market cap of $6.237 billion and a price-to-earnings ratio of 16.33.
Goodyear Tire & Rubber Co. (NYSE:GT) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.01. The company had revenue of $5.00 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Analysts expect that Goodyear Tire & Rubber Co. will post $2.52 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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