Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT - Get Free Report) have received an average rating of "Hold" from the five analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.98.
GT has been the subject of a number of recent research reports. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price objective for the company in a research report on Tuesday. StockNews.com upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $10.00 target price on shares of Goodyear Tire & Rubber in a research note on Friday, December 20th.
Read Our Latest Stock Report on Goodyear Tire & Rubber
Hedge Funds Weigh In On Goodyear Tire & Rubber
A number of large investors have recently bought and sold shares of GT. Public Employees Retirement System of Ohio bought a new position in Goodyear Tire & Rubber in the 4th quarter worth approximately $1,423,000. GTS Securities LLC increased its position in shares of Goodyear Tire & Rubber by 107.4% during the 4th quarter. GTS Securities LLC now owns 10,178 shares of the company's stock valued at $92,000 after purchasing an additional 146,848 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Goodyear Tire & Rubber by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 642,347 shares of the company's stock worth $5,781,000 after buying an additional 93,158 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Goodyear Tire & Rubber in the fourth quarter valued at $136,000. Finally, Twinbeech Capital LP lifted its holdings in shares of Goodyear Tire & Rubber by 483.5% in the fourth quarter. Twinbeech Capital LP now owns 630,488 shares of the company's stock valued at $5,674,000 after buying an additional 522,430 shares during the period. Institutional investors own 84.19% of the company's stock.
Goodyear Tire & Rubber Stock Performance
GT traded down $0.57 on Tuesday, hitting $9.98. 5,588,594 shares of the company traded hands, compared to its average volume of 6,067,684. The company has a 50 day moving average of $9.04 and a 200-day moving average of $8.89. Goodyear Tire & Rubber has a 12-month low of $7.27 and a 12-month high of $13.86. The company has a quick ratio of 0.55, a current ratio of 1.04 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $2.84 billion, a PE ratio of 41.59 and a beta of 1.79.
Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. Goodyear Tire & Rubber had a net margin of 0.37% and a return on equity of 6.21%. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.91 billion. Sell-side analysts anticipate that Goodyear Tire & Rubber will post 1.5 earnings per share for the current year.
Goodyear Tire & Rubber Company Profile
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Get Free ReportGoodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.
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