Economy

Cooper Tire & Rubber Co (CTB) Shares Climb Higher For the Week

The Goodyear Tire & Rubber Company is a manufacturer of tires.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.

A number of institutional investors have recently bought and sold shares of CTB. Cooper Tire & Rubber's revenue was down 2.6% on a year-over-year basis.

Moon Capital Management Lp, which manages about $2.17B and $383.14M US Long portfolio, decreased its stake in Ford Mtr Co Del (NYSE:F) by 656,096 shares to 28,301 shares, valued at $317,000 in 2017Q2, according to the filing. LSV Asset Management lifted its holdings in The Goodyear Tire & Rubber by 6.6% during the 2nd quarter.

Market watchers diligently track the companies they think can do well to grow earnings. The stock recorded a fall in short interest of -7.14% as of August 31, 2017 from the last reporting period. As of the last earnings report the EPS was $4.59 and is estimated to be $3.04 for the current year with 251,763,000 shares now outstanding.

In terms of The Goodyear Tire & Rubber Company (GT) stock price comparison to its moving averages, shares of company are 1.72% away from the 50-day moving average and 4.53% away from 20-day average.

Tracking other technical indicators, the 14-day RSI is presently standing at 63.71, the 7-day sits at 72.56, and the 3-day is resting at 77.12 for Goodyear Tire & Rubber Co (GT). The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals.

It is now trading at $32.91 marginally over $30.81, the 50 day moving average and slightly below the 200 day moving average of $33.87. The value of the investment in The Goodyear Tire & Rubber Comp increased from $0 to $143,239,000 a change of $143,239,000 quarter to quarter. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.70 billion. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since September 25, 2016 and is uptrending. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. At the time of writing, the 14-day ADX for Cooper Tire & Rubber Co (CTB) is noted at 12.73. The company was upgraded on Thursday, January 14 by Standpoint Research. Its up 0.03, from 1.11 in 2017Q1. A value between 0 to -20 would represent a strong overbought condition. The ex-dividend date was Friday, July 28th. Cooper Tire & Rubber's dividend payout ratio is now 11.67%. Finally, Zacks Investment Research upgraded shares of Cooper Tire & Rubber from a "hold" rating to a "buy" rating and set a $41.00 price objective on the stock in a report on Tuesday, August 1st. The shares were sold at an average price of $32.44, for a total value of $243,300.00. Everyone has an opinion on where the stock market is headed, but nobody knows for sure. Following the completion of the sale, the insider now directly owns 74,348 shares of the company's stock, valued at approximately $2,411,849.12. Stephen R. Mcclellan, President, Americas disclosed the sale of 212 shares of GT stock. The days to cover increased to 10.0 and the percentage of shorted shares was 0.08% on August 31. Goldman Sachs Gp accumulated 2.64 million shares or 0.02% of the stock.

Shares of Liniu Technology Group (LINU) have seen the needle move 0.79% or 0.010 in the most recent session. Morgan Stanley reiterated a "buy" rating and set a $46.00 target price on shares of The Goodyear Tire & Rubber in a research report on Monday, September 11th. Cooper Tire & Rubber has a consensus rating of "Hold" and a consensus target price of $42.00. Finally, FBR & Co reaffirmed a "buy" rating and issued a $53.00 price target on shares of Cooper Tire & Rubber in a research note on Tuesday, September 5th. BidaskClub raised shares of The Goodyear Tire & Rubber from a "sell" rating to a "hold" rating in a research report on Wednesday, July 12th.

02/10/2016 - The Goodyear Tire & Rubber Company had its "outperform" rating reiterated by analysts at CLSA.

All these opinions have come together to present the composite price target for the stock.

Some investors may be bemoaning the stock choices they have made over the past year. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and global copyright legislation.

ILLEGAL ACTIVITY WARNING: "TLP Group LLC Has $384,000 Holdings in The Goodyear Tire & Rubber Company (GT)" was first posted by StockNewsTimes and is owned by of StockNewsTimes. The Firm operates through three divisions.



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