The Goodyear Tire & Rubber Company (GT) : Analyst Rating Update

The Goodyear Tire & Rubber Company (GT) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

The Goodyear Tire & Rubber Company (GT) : The consensus price target for The Goodyear Tire & Rubber Company (GT) is $31.8 for the short term with a standard deviation of $7.6. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $20.

The Goodyear Tire & Rubber Company (NASDAQ:GT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.84 and $24.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.25, notching a gain of 1.28% for the day. The total traded volume was 3,430,518 . The stock had closed at $24.93 on the previous day.

Also, KeyBanc upgrades its view on The Goodyear Tire & Rubber Company (NASDAQ:GT) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Sector Weight. The rating by the firm was issued on April 7, 2016. The company shares have dropped -14.65% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $35.30 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $26.94 and the 200 Day Moving Average price is recorded at $29.53.

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Companys business is the development, manufacture, distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles, motorcycles, trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned-house brands, and the private-label brands of certain customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.