Economy

The Goodyear Tire & Rubber Co (GT) Receives $34.82 Consensus PT from Brokerages

The Goodyear Tire & Rubber Co (GT) Receives $34.82 Consensus PT from Brokerages”

COPYRIGHT VIOLATION NOTICE: "Aberdeen Asset Management PLC UK Has $3.11 Million Position in The Goodyear Tire & Rubber Company (GT)" was originally published by Equities Focus and is owned by of Equities Focus. The Nokota Management Lp holds 80,000 shares with $2.47M value, down from 570,985 last quarter. Bnp Paribas Arbitrage has invested 0% of its portfolio in Cooper Tire & Rubber Co (NYSE:CTB).

The Relative Volume of the company is 0.83 and Average Volume (3 months) is 2.99 million.

Shares of Cooper Tire & Rubber (NYSE CTB) traded up 0.88% on Monday, reaching $34.55. It has outperformed by 0.56% the S&P500. About 4.31M shares traded or 53.38% up from the average. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since September 17, 2016 and is uptrending. It has outperformed by 10.12% the S&P500. Wellington Management Group LLP increased its holdings in The Goodyear Tire & Rubber by 8.5% during the 1st quarter. The business had revenue of $720.75 million during the quarter, compared to analyst estimates of $775.00 million. Therefore 70% are positive.

Previously on 6/1/2017, Morgan Stanley reported about The Goodyear Tire Rubber Company GT (NYSE:GT) raised the target price from $24.00 to $52.00. The stock has "Hold" rating by Standpoint Research on Wednesday, March 30. The firm earned "Buy" rating on Tuesday, November 22 by Berenberg. The rating was initiated by Standpoint Research with "Buy" on Friday, May 27. Standpoint Research downgraded the shares of GT in report on Wednesday, October 28 to "Hold" rating. The firm has "Hold" rating given on Friday, July 28 by Deutsche Bank. Barclays Capital upgraded the shares of AMID in report on Wednesday, August 12 to "Overweight" rating.

In addition to Jefferies & Co reporting its target price, a total of 7 firms have reported on the stock. The firm has "Buy" rating by Ladenburg Thalmann given on Thursday, July 21.

Investors sentiment increased to 1.14 in 2016 Q4. This represents a $0.40 dividend on an annualized basis and a yield of 1.23%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. 39 funds opened positions while 81 raised stakes. North Point Port Managers Oh owns 5,900 shares. Moreover, First Quadrant LP Ca has 0% invested in Goodyear Tire & Rubber Co (NASDAQ:GT).

Many analysts are providing their Estimated Earnings analysis for The Goodyear Tire & Rubber Company and for the current quarter 8 analysts have projected that the stock could give an Average Earnings estimate of $0.68/share. Cooper Tire & Rubber earned a news impact score of 0.12 on Accern's scale. 9,700 were accumulated by Regent Invest Limited Liability. Financial Architects Inc raised its holdings in shares of The Goodyear Tire & Rubber by 2.2% during the second quarter. Sumitomo Mitsui Asset Communications Ltd invested in 20,263 shares. Louisiana State Employees Retirement System now owns 15,600 shares of the company's stock worth $545,000 after purchasing an additional 100 shares in the last quarter. Blackrock Inc holds 0% or 15,582 shares. Winslow Evans Crocker invested 0% in Goodyear Tire & Rubber Co (NASDAQ:GT). Cap Guardian Trust reported 0% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT). Comml Bank Of New York Mellon owns 428,645 shares or 0% of their USA portfolio. Columbia Asset Management holds 9,900 shares.

Goodyear Tire & Rubber Co (NASDAQ:GT) last announced its quarterly earnings data on Wednesday, February 8th. They expect $0.66 earnings per share, down 43.59% or $0.51 from last year's $1.17 per share. GT's profit will be $166.07M for 12.28 P/E if the $0.66 EPS becomes a reality. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.11.

Among 8 analysts covering Cooper Tire (NYSE:CTB), 4 have Buy rating, 0 Sell and 4 Hold. American Midstream Partners LP had 19 analyst reports since August 12, 2015 according to SRatingsIntel. (NYSE:STI) earned "Neutral" rating by Robert W. Baird on Monday, June 5. As per Wednesday, November 16, the company rating was reinitiated by KeyBanc Capital Markets. The rating was downgraded by Morgan Stanley to "Underweight" on Monday, November 14. On Friday, April 29 the stock rating was upgraded by UBS to "Buy". Jefferies maintained the stock with "Buy" rating in Friday, August 11 report. Its down 0.05, from 0.97 in 2016Q3. It is negative, as 44 investors sold STI shares while 254 reduced holdings. Ajo L P, a Pennsylvania-based fund reported 1.59 million shares. Aberdeen Asset Management PLC UK now owns 88,852 shares of the company's stock valued at $3,106,000 after purchasing an additional 17,758 shares during the period. Godsey And Gibb Assocs reported 0.05% stake. Liberty Mutual Gp Asset Mngmt Incorporated holds 36,985 shares. Mackenzie Corp accumulated 170,110 shares. Parasol Inv Llc holds 0.03% or 500 shares. Washington Trust Bank now owns 3,885 shares of the company's stock valued at $136,000 after purchasing an additional 1,230 shares during the period. (NYSE:STI). 33,459 were reported by Patten Group.



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