The Goodyear Tire & Rubber Company (GT) : 5 analysts are covering The Goodyear Tire & Rubber Company (GT) and their average rating on the stock is 2.4, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. The Goodyear Tire & Rubber Company (GT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
The Goodyear Tire & Rubber Company (GT) : Average target price received by The Goodyear Tire & Rubber Company (GT) is $32.2 with an expected standard deviation of $8.11. The most aggressive target on the stock is $41, whereas the most downbeat target is $20. 5 financial analysts are currently covering the stock.
Shares of The Goodyear Tire & Rubber Company rose by 1.98% in the last five trading days and 9.19% for the last 4 weeks. The Goodyear Tire & Rubber Company is up 5.74% in the last 3-month period. Year-to-Date the stock performance stands at -9.3%. The Goodyear Tire & Rubber Company (NASDAQ:GT): stock turned positive on Tuesday. Though the stock opened at $29.42, the bulls momentum made the stock top out at $29.56 level for the day. The stock recorded a low of $29.205 and closed the trading day at $29.42, in the green by 0.48%. The total traded volume for the day was 2,479,268. The stock had closed at $29.28 in the previous days trading.
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.