How Analysts Feel About The Goodyear Tire & Rubber Company (NASDAQ:GT)?

May 18, 2018 - By Henry Gaston

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 dropped, 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.
Thrivent Fincl For Lutherans accumulated 0% or 9,995 shares. Clear Harbor Asset Mgmt owns 109,994 shares. Zeke Advisors Limited Liability has invested 0.05% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Deroy Devereaux Private Inv Counsel reported 629,198 shares stake. Fifth Third National Bank & Trust reported 0% stake. Suntrust Banks Inc has 10,150 shares. Birmingham Capital Mngmt Al invested 2.21% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Eaton Vance Management holds 0.17% or 2.19M shares. Waverton Inv Management Limited owns 20,052 shares. Burney Company reported 53,733 shares stake. Commonwealth Of Pennsylvania Public School Empls Retrmt has 24,827 shares. California-based Private Ocean Ltd Llc has invested 0% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Cedar Hill Associates Limited Liability Company holds 1.35% or 240,638 shares in its portfolio. Amica Retiree Medical Tru has invested 0.03% in The Goodyear Tire & Rubber Company (NASDAQ:GT). E&G Advisors L P, a Texas-based fund reported 11,500 shares.

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

Among 5 analysts covering GoodYear Tire (NASDAQ:GT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. GoodYear Tire had 10 analyst reports since December 19, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, December 19 by Jefferies. Guggenheim maintained the shares of GT in report on Friday, February 9 with “Hold” rating. Guggenheim maintained the shares of GT in report on Monday, January 8 with “Hold” rating. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has “Overweight” rating given on Thursday, March 22 by Morgan Stanley. Jefferies maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Sunday, January 28. Jefferies has “Buy” rating and $42.0 target. Jefferies maintained the shares of GT in report on Wednesday, April 4 with “Buy” rating. JP Morgan maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Thursday, April 26. JP Morgan has “Overweight” rating and $36 target. On Thursday, April 19 the stock rating was maintained by Guggenheim with “Hold”. Below is a list of The Goodyear Tire & Rubber Company (NASDAQ:GT) latest ratings and price target changes.

26/04/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $37 New Target: $36 Maintain
19/04/2018 Broker: Guggenheim Rating: Hold New Target: $30.0000 Maintain
17/04/2018 Broker: Longbow Rating: Hold
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

The stock decreased 0.42% or $0.11 during the last trading session, reaching $26.21. About 79,894 shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since May 18, 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 $6.29 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 19.13 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

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