Weekly Investment Analysts’ Ratings Updates for Goodyear Tire & Rubber (GT)

Goodyear Tire & Rubber (NASDAQ: GT) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – Goodyear Tire & Rubber was given a new $32.00 price target on by analysts at Guggenheim. They now have a “hold” rating on the stock.
  • 2/8/2018 – Goodyear Tire & Rubber was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 1/31/2018 – Goodyear Tire & Rubber is now covered by analysts at Longbow Research. They set a “neutral” rating on the stock.
  • 1/29/2018 – Goodyear Tire & Rubber was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “The Zacks Consensus Estimate for Goodyear's quarterly earnings has been going up of late. It regularly launches innovative products and services to boost sales. Recently, it announced its plan to partner with STRATIM to launch its fleet services business model for shared mobility providers with an aim to advance urban fleet operations. The company also invests in projects having a high rate of return. It has plans to construct a facility in Luxembourg, scheduled to open in 2019. The plant will be used for manufacturing premium tires. Further, it is also trying to boost its shareholder value, strengthen the balance sheet and restructure its senior debt. Also, in the last six months, Goodyear's shares have outperformed in the industry it belongs to.”
  • 1/26/2018 – Goodyear Tire & Rubber was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/9/2018 – Goodyear Tire & Rubber was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Goodyear regularly launches innovative products and services to boost sales. It is also investing in projects having a high rate of return. It has plans to construct a facility in Luxembourg, scheduled to open in 2019. The plant will be used for manufacturing premium tires. Further, it is also trying to boost its shareholder value, strengthen the balance sheet and restructure its senior debt. Also, over a month, its shares have outperformed in the industry it belongs to. However,a competitive environment, weak product demand and a reduced auto production are few concerns for Goodyear. Moreover, the company has also provided a weak total operating income guidance for 2017.”

Shares of Goodyear Tire & Rubber Co (GT) traded up $0.12 during mid-day trading on Monday, hitting $30.11. 7,097,275 shares of the company were exchanged, compared to its average volume of 3,220,000. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $7,420.00, a P/E ratio of 22.47, a P/E/G ratio of 0.66 and a beta of 1.60. Goodyear Tire & Rubber Co has a 12-month low of $28.81 and a 12-month high of $37.20.

Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Thursday, February 8th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.23. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.96 billion. Goodyear Tire & Rubber had a net margin of 2.25% and a return on equity of 15.70%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. equities analysts expect that Goodyear Tire & Rubber Co will post 3.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 1st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.86%. Goodyear Tire & Rubber’s payout ratio is currently 41.79%.

In related news, SVP Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $32.12, for a total transaction of $240,900.00. Following the completion of the transaction, the senior vice president now owns 51,848 shares in the company, valued at $1,665,357.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

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.

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