The Goodyear Tire & Rubber Company (NASDAQ:GT)‘s stock had its “buy” rating reissued by equities researchers at KeyCorp in a note issued to investors on Thursday. They currently have a $37.00 target price on the stock. KeyCorp’s price objective would suggest a potential upside of 13.12% from the company’s previous close.

GT has been the topic of several other research reports. Deutsche Bank AG downgraded The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research report on Friday, July 28th. BidaskClub raised The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 target price on The Goodyear Tire & Rubber and gave the company a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $46.00 target price (down previously from $52.00) on shares of The Goodyear Tire & Rubber in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $36.00 target price on The Goodyear Tire & Rubber and gave the company a “buy” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.00.

The Goodyear Tire & Rubber (NASDAQ GT) traded down 0.85% during mid-day trading on Thursday, reaching $32.71. The company’s stock had a trading volume of 2,274,974 shares. The company has a 50 day moving average of $31.88 and a 200-day moving average of $33.54. The stock has a market cap of $8.24 billion, a PE ratio of 7.13 and a beta of 1.56. The Goodyear Tire & Rubber has a 52-week low of $26.82 and a 52-week high of $37.20.

The Goodyear Tire & Rubber (NASDAQ:GT) last posted its earnings results on Friday, July 28th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.05). The Goodyear Tire & Rubber had a net margin of 7.95% and a return on equity of 18.94%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the company posted $1.16 EPS. The Goodyear Tire & Rubber’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities analysts forecast that The Goodyear Tire & Rubber will post $3.05 earnings per share for the current year.

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In other The Goodyear Tire & Rubber news, insider Jean Claude Kihn sold 7,500 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $33.26, for a total transaction of $249,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 15,501 shares of company stock valued at $507,866. 1.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GT. Financial Architects Inc lifted its stake in The Goodyear Tire & Rubber by 2.2% during the second quarter. Financial Architects Inc now owns 3,546 shares of the company’s stock worth $124,000 after purchasing an additional 75 shares during the last quarter. First Quadrant L P CA bought a new position in shares of The Goodyear Tire & Rubber in the 2nd quarter valued at $130,000. Washington Trust Bank lifted its stake in shares of The Goodyear Tire & Rubber by 46.3% in the 2nd quarter. Washington Trust Bank now owns 3,885 shares of the company’s stock valued at $136,000 after acquiring an additional 1,230 shares during the last quarter. Exane Derivatives lifted its stake in shares of The Goodyear Tire & Rubber by 204,800.0% in the 2nd quarter. Exane Derivatives now owns 4,098 shares of the company’s stock valued at $143,000 after acquiring an additional 4,096 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of The Goodyear Tire & Rubber in the 2nd quarter valued at $160,000. Hedge funds and other institutional investors own 90.33% of the company’s stock.

The Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Analyst Recommendations for The Goodyear Tire & Rubber (NASDAQ:GT)

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