Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.23.
Several equities research analysts have weighed in on GT shares. Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. StockNews.com downgraded shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.
View Our Latest Stock Report on Goodyear Tire & Rubber
Institutional Trading of Goodyear Tire & Rubber
Goodyear Tire & Rubber Trading Down 4.1 %
Shares of Goodyear Tire & Rubber stock opened at $8.24 on Friday. Goodyear Tire & Rubber has a 12-month low of $7.27 and a 12-month high of $15.24. The company has a quick ratio of 0.54, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average is $8.37 and its 200-day moving average is $10.37. The stock has a market cap of $2.35 billion, a P/E ratio of -6.70 and a beta of 1.69.
Goodyear Tire & Rubber (NASDAQ:GT – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. Goodyear Tire & Rubber had a positive return on equity of 6.55% and a negative net margin of 1.82%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the firm posted ($0.34) EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research analysts predict that Goodyear Tire & Rubber will post 1.06 earnings per share for the current fiscal year.
Goodyear Tire & Rubber Company Profile
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.
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