The Goodyear Tire & Rubber Company SVP Joseph B. Ruocco Unloads 41,055 Shares (GT)
The Goodyear Tire & Rubber Company (NYSE:GT) SVP Joseph B. Ruocco unloaded 41,055 shares of The Goodyear Tire & Rubber Company stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $26.16, for a total transaction of $1,073,998.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
GT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of The Goodyear Tire & Rubber Company in a research note on Monday. They now have a $27.00 price target on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of The Goodyear Tire & Rubber Company from $33.00 to $34.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $28.75.
The Goodyear Tire & Rubber Company (NYSE:GT) traded down 0.29% on Tuesday, hitting $27.18. The stock had a trading volume of 3,521,876 shares. The Goodyear Tire & Rubber Company has a 1-year low of $13.90 and a 1-year high of $28.48. The stock’s 50-day moving average is $25.58 and its 200-day moving average is $25.17. The company has a market cap of $6.753 billion and a price-to-earnings ratio of 13.80.
The Goodyear Tire & Rubber Company (NYSE:GT) last announced its earnings results on Tuesday, April 29th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.18. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts expect that The Goodyear Tire & Rubber Company will post $2.89 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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