Goodyear Tire & Rubber Co. Stock Rating Upgraded by Ned Davis Research (GT)
Goodyear Tire & Rubber Co. (NYSE:GT) was upgraded by equities research analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, AR Network reports.
GT has been the subject of a number of other recent research reports. 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, two have issued a hold rating and five have given a buy rating to the company. Goodyear Tire & Rubber Co. currently has a consensus rating of “Buy” and a consensus target price of $22.89.
Shares of Goodyear Tire & Rubber Co. (NYSE:GT) traded down 2.54% on Monday, hitting $25.33. 4,648,967 shares of the company’s stock traded hands. Goodyear Tire & Rubber Co. has a one year low of $11.83 and a one year high of $26.29. The stock’s 50-day moving average is $23.08 and its 200-day moving average is $20.81. The company has a market cap of $6.254 billion and a price-to-earnings ratio of 17.18.
Goodyear Tire & Rubber Co. (NYSE:GT) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts predict that Goodyear Tire & Rubber Co. will post $2.51 earnings per share 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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