Brokerages Set The Goodyear Tire & Rubber Company (NASDAQ:GT) PT at $12.98

The Goodyear Tire & Rubber Company (NASDAQ:GT - Get Free Report) has been given a consensus rating of "Hold" by the five brokerages that are covering the company, Marketbeat.com 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 covered the stock in the last year is $12.98.

GT has been the topic of several analyst reports. Argus upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $12.00 price objective on the stock in a report on Tuesday. StockNews.com upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $10.00 price objective on shares of Goodyear Tire & Rubber in a report on Friday, December 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in Goodyear Tire & Rubber during the 4th quarter worth $1,423,000. GTS Securities LLC grew its stake in Goodyear Tire & Rubber by 107.4% during the 4th quarter. GTS Securities LLC now owns 10,178 shares of the company's stock worth $92,000 after buying an additional 146,848 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Goodyear Tire & Rubber by 17.0% during 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 during the last quarter. iSAM Funds UK Ltd bought a new position in Goodyear Tire & Rubber during the 4th quarter worth $136,000. Finally, Twinbeech Capital LP grew its stake in Goodyear Tire & Rubber by 483.5% during the 4th quarter. Twinbeech Capital LP now owns 630,488 shares of the company's stock worth $5,674,000 after buying an additional 522,430 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors.

Goodyear Tire & Rubber Stock Down 5.4 %

Goodyear Tire & Rubber stock traded down $0.57 during midday trading on Tuesday, hitting $9.98. 5,588,594 shares of the company were exchanged, compared to its average volume of 5,731,385. The company's fifty day moving average price is $9.04 and its 200-day moving average price is $8.89. The company has a market cap of $2.84 billion, a PE ratio of 41.59 and a beta of 1.79. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.04 and a quick ratio of 0.55. Goodyear Tire & Rubber has a fifty-two week low of $7.27 and a fifty-two week high of $13.86.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10. Goodyear Tire & Rubber had a return on equity of 6.21% and a net margin of 0.37%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.91 billion. On average, research analysts predict that Goodyear Tire & Rubber will post 1.5 EPS for the current fiscal year.

Goodyear Tire & Rubber Company Profile

Goodyear 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.