Economy

The Goodyear Tire & Rubber Company (GT) Earns Buy Rating from Morgan Stanley

The Goodyear Tire & Rubber Company (GT) Earns Buy Rating from Morgan Stanleyā€¯

857,560 shares of the company's stock were exchanged. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The stock has a market cap of $1.82 billion, a PE ratio of 9.647 and a beta of -0.03. The stock decreased 1.01% or $0.33 during the last trading session, reaching $32.3. About 157,591 shares traded. It has outperformed by 0.56% the S&P500. First Lp reported 0.01% stake. The stock rose 0.40% or $0.14 reaching $34.64 per share. The business had revenue of $720.75 million during the quarter, compared to analyst estimates of $775.00 million. The stock's market capitalization is 8.13B. About 1,327 shares traded. Cooper Tire & Rubber Co (NYSE:CTB) has risen 15.20% since September 13, 2016 and is uptrending. It has underperformed by 1.50% the S&P500. DFBG's SI was 38,000 shares in September as released by FINRA. It was reported on Sep, 13 by Barchart.com.

Cypress Capital Group, which manages about $45.36 million and $421.24M US Long portfolio, decreased its stake in Ishares (AGG) by 4,554 shares to 100,740 shares, valued at $10.89M in 2016Q4, according to the filing.

Chemical Bank increased Chevron Corporation (NYSE:CVX) stake by 4,260 shares to 92,463 valued at $10.88M in 2016Q4. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. Therefore 67% are positive. Goodyear Tire had 22 analyst reports since October 28, 2015 according to SRatingsIntel. Deutsche Bank maintained BlackRock, Inc. As per Friday, July 28, the company rating was maintained by Morgan Stanley. The rating was maintained by FinnCap on Wednesday, August 10 with "Hold". The stock of BlackRock, Inc. The firm earned "Hold" rating on Friday, November 4 by FinnCap. They issued a buy rating and a $39.00 price objective for the company. Argus Research maintained it with "Buy" rating and $370.0 target in Thursday, October 15 report. FinnCap has "Buy" rating and GBX 236 target. Wood maintained BlackRock, Inc. Morgan Stanley has "Equal-Weight" rating and $48 target. Goldman Sachs Group, Inc. They issued a "buy" rating and a $39.00 price objective on the stock.

Investors sentiment increased to 1.17 in Q4 2016. Its down 0.25, from 1.28 in 2016Q3. Commercial Bank Of Mellon Corp holds 428,645 shares or 0% of its portfolio. 39 funds opened positions while 81 raised stakes. Da Davidson & Co reported 1,401 shares. C M Bidwell And Associates Limited holds 0.91% of its portfolio in BlackRock, Inc. State Board Of Administration Of Florida Retirement System holds 0% or 41,691 shares in its portfolio. Azimuth Mngmt Ltd Liability accumulated 25,786 shares. Private Harbour Inv Management & Counsel has 19,838 shares for 0.64% of their portfolio. Maryland Cap Mgmt holds 0.04% or 7,163 shares in its portfolio. Manufacturers Life Insurance The reported 0% of its portfolio in Energy Transfer Partners LP (NYSE:ETP). Reilly Financial Advsr Limited Liability owns 119 shares. Huntington National Bank has invested 0% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB). Bangor National Bank & Trust reported 1,157 shares. Ameriprise Fincl Inc has invested 0.01% in Cooper Tire & Rubber Co (NYSE:CTB).

Investors sentiment increased to 0.88 in Q4 2016. Its down 0.98, from 1.05 in 2016Q3. It improved, as 53 investors sold GT shares while 163 reduced holdings. Deprince Race And Zollo holds 39,144 shares or 0.03% of its portfolio.

The Goodyear Tire & Rubber Company (NASDAQ:GT) shares were trading lower by -1.01 percent ($-0.33) at $32.3 a piece in Wednesday's session. Synovus Fincl Corporation, a Georgia-based fund reported 5,357 shares. Summit Equities Incorporated invested in 27,944 shares. Twin Tree Management Limited Partnership, Texas-based fund reported 96,218 shares.

Cooper Tire & Rubber (NYSE CTB) opened at 34.70 on Friday. The Wendy's Company (NASDAQ:WEN) earnings have declined with a quarterly rate of -10% over the last 5 years. Virtus Advisers holds 0.02% in Goodyear Tire & Rubber Co (NASDAQ:GT) or 7,914 shares.

Since March 15, 2017, it had 0 buys, and 3 insider sales for $661,648 activity.

In other The Goodyear Tire & Rubber news, insider Stephen R. Mcclellan sold 6,250 shares of the stock in a transaction that occurred on Monday, July 10th. Following the completion of the sale, the insider now directly owns 71,849 shares of the company's stock, valued at approximately $2,547,765.54. It also reduced Immune Design Corp (NASDAQ:IMDZ) stake by 61,455 shares and now owns 8,648 shares. Therefore 70% are positive.

02/10/2016 - The Goodyear Tire & Rubber Company was upgraded to "outperform" by analysts at Credit Agricole. The rating was maintained by Jefferies with "Hold" on Friday, September 8. The stock has "Hold" rating by Stifel Nicolaus on Tuesday, November 22. The stock has "Hold" rating by FinnCap on Tuesday, July 25. Investors of record on Tuesday, August 1st were paid a $0.10 dividend. KeyBanc Capital Markets upgraded the shares of CTB in report on Thursday, April 7 to "Overweight" rating. The rating was upgraded by Standpoint Research on Tuesday, June 20 to "Accumulate".

06/08/2015 - The Goodyear Tire & Rubber Company had its "overweight" rating reiterated by analysts at JP Morgan. BidaskClub cut shares of The Goodyear Tire & Rubber from a sell rating to a strong sell rating in a research note on Wednesday, August 2nd. On Wednesday, March 1 the stock rating was downgraded by Standpoint Research to "Hold".

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