Can analysts adopt a bullish outlook for The Goodyear Tire & Rubber Company (NASDAQ:GT)?

April 16, 2018 - By reb123z

The Goodyear Tire & Rubber Company (NASDAQ:GT) LogoInvestors sentiment decreased to 0.75 in Q4 2017. Its down 0.29, from 1.04 in 2017Q3. It dived, as 41 investors sold The Goodyear Tire & Rubber Company shares while 163 reduced holdings. 40 funds opened positions while 112 raised stakes. 211.29 million shares or 6.62% less from 226.27 million shares in 2017Q3 were reported.
King Luther Cap Mgmt holds 0.06% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 243,610 shares. Bancorp Of New York Mellon accumulated 0.05% or 5.43M shares. Olstein Capital Management L P has 237,000 shares for 0.98% of their portfolio. 10,793 are owned by Glenmede Trust Company Na. Peak6 L P stated it has 67,971 shares. Ny State Teachers Retirement System holds 0.04% or 501,919 shares. Washington Tru Retail Bank reported 1,915 shares. California State Teachers Retirement Sys reported 426,477 shares or 0.03% of all its holdings. Principal Finance Grp Inc Inc, a Iowa-based fund reported 524,601 shares. Argi Inv Ser stated it has 0.04% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Boothbay Fund Mgmt Ltd invested in 0.08% or 17,100 shares. State Bank Of Nova Scotia holds 0% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 32,389 shares. Victory Cap Mgmt has 0% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). Zebra Limited Liability Co has invested 0.1% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Mason Street Ltd Limited Liability Company invested in 34,311 shares or 0.03% of the stock.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Ratings Coverage

Among 7 analysts covering Goodyear Tire \u0026 Rubber (NASDAQ:GT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Goodyear Tire \u0026 Rubber had 11 analyst reports since October 30, 2017 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Monday, October 30. On Monday, October 30 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Hold” rating given on Friday, February 9 by Guggenheim. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) earned “Neutral” rating by Guggenheim on Wednesday, November 1. KeyBanc Capital Markets maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Thursday, November 9. KeyBanc Capital Markets has “Buy” rating and $37.0 target. Morgan Stanley maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) on Thursday, March 22 with “Overweight” rating. The firm has “Buy” rating given on Sunday, January 28 by Jefferies. The stock has “Buy” rating by Jefferies on Tuesday, December 19. Jefferies maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Wednesday, April 4. Jefferies has “Buy” rating and $3800 target. The stock has “Hold” rating by Guggenheim on Monday, January 8. Below is a list of The Goodyear Tire & Rubber Company (NASDAQ:GT) latest ratings and price target changes.

04/04/2018 Broker: Jefferies Rating: Buy New Target: $38.0000 Maintain
22/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $43 New Target: $34 Maintain
09/02/2018 Broker: Guggenheim Rating: Hold New Target: $32.0 Maintain
31/01/2018 Broker: Longbow Rating: Neutral Initiates Coverage On
28/01/2018 Broker: Jefferies Rating: Buy New Target: $42.0 Maintain
08/01/2018 Broker: Guggenheim Rating: Hold New Target: $31.0 Maintain
19/12/2017 Broker: Jefferies Rating: Buy New Target: $36.0 Maintain
09/11/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $37.0 Maintain
01/11/2017 Broker: Guggenheim Old Rating: Buy New Rating: Neutral Old Target: $39 Downgrade
30/10/2017 Broker: JP Morgan Rating: Overweight Old Target: $40 New Target: $38 Maintain

The stock increased 0.72% or $0.2 during the last trading session, reaching $28.04. About 342,793 shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since April 16, 2017 and is downtrending. It has underperformed by 37.28% the S&P500.

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, makes, distributes, and sells tires and related services and products worldwide. The company has market cap of $6.74 billion. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brand names, as well as under the private-label brands. It has a 20.47 P/E ratio. The firm also retreads truck, aviation, and off-the-road tires; makes and sells tread rubber and other tire retreading materials; makes and markets rubber-related chemicals; and provides automotive repair services, and miscellaneous other services and products, as well as sells natural rubber products.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.