Goodyear Tire & Rubber Co (NASDAQ:GT) has earned a consensus rating of “Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.30.
GT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, January 29th. BidaskClub upgraded shares of Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. TheStreet lowered shares of Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Guggenheim set a $32.00 target price on shares of Goodyear Tire & Rubber and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Longbow Research began coverage on shares of Goodyear Tire & Rubber in a research report on Wednesday, January 31st. They set a “neutral” rating on the stock.
In related news, SVP Jean Claude Kihn sold 7,500 shares of Goodyear Tire & Rubber stock in a transaction on Friday, December 1st. The shares were sold at an average price of $32.12, for a total value of $240,900.00. Following the transaction, the senior vice president now directly owns 51,848 shares in the company, valued at approximately $1,665,357.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Shares of Goodyear Tire & Rubber (NASDAQ:GT) traded down $0.30 during trading on Wednesday, reaching $29.66. 3,115,700 shares of the company’s stock traded hands, compared to its average volume of 3,519,624. The stock has a market capitalization of $7,310.00, a price-to-earnings ratio of 11.54, a P/E/G ratio of 0.65 and a beta of 1.60. Goodyear Tire & Rubber has a one year low of $28.81 and a one year high of $37.20. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 0.66.
Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.23. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.96 billion. Goodyear Tire & Rubber had a net margin of 2.25% and a return on equity of 15.70%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. sell-side analysts predict that Goodyear Tire & Rubber will post 3.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 1st will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.56 dividend on an annualized basis and a yield of 1.89%. Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 21.79%.
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About Goodyear Tire & Rubber
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.
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