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The Goodyear Tire & Rubber Company (NYSE:GT) has earned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, Analyst Ratings News reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $30.40.

A number of research firms have recently commented on GT. Analysts at SunTrust initiated coverage on shares of The Goodyear Tire & Rubber Company in a research note on Wednesday, August 27th. They set a “buy” rating and a $36.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Goodyear Tire & Rubber Company in a research note on Thursday, July 31st. They now have a $27.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of The Goodyear Tire & Rubber Company in a research note on Wednesday, July 23rd. They set an “overweight” rating and a $38.00 price target on the stock.

The Goodyear Tire & Rubber Company (NYSE:GT) traded down 0.16% on Wednesday, hitting $25.69. 400,125 shares of the company’s stock traded hands. The Goodyear Tire & Rubber Company has a 52 week low of $19.84 and a 52 week high of $28.70. The stock has a 50-day moving average of $25.94 and a 200-day moving average of $26.32. The company has a market cap of $7.073 billion and a price-to-earnings ratio of 12.50.

The Goodyear Tire & Rubber Company (NYSE:GT) last announced its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the company posted $0.67 earnings per share. The Goodyear Tire & Rubber Company’s revenue was down 4.9% compared to the same quarter last year. On average, analysts predict that The Goodyear Tire & Rubber Company will post $2.85 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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