PGGM Investments Lowers Position in The Goodyear Tire & Rubber Company (GT)

PGGM Investments Lowers Position in The Goodyear Tire & Rubber Company (GT)”

The company said revenue for the quarter rose 1.8% to $3.92 billion. Los Angeles Mngmt Equity Research stated it has 0.02% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT).

Goodyear, which makes and sells tires under brands including Goodyear, Dunlop and Kelly, said it expected segment operating income - the combined earnings of its three business units - of about $1.5 billion in 2017, down from its previous forecast of $1.6 billion to $1.65 billion. For the next year, analysts expect that the company will post sales of $15.59 billion per share, with estimates ranging from $15.42 billion to $15.81 billion. Zacks' sales averages are an average based on a survey of analysts that follow The Goodyear Tire & Rubber.

Net income fell to $129 million, or 50 cents per share, in the quarter ended September 30, from $317 million, or $1.19 per share, a year earlier. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.05). Gateway Inv Advisers Lc has 0% invested in Goodyear Tire & Rubber Co (NASDAQ:GT).

Several analysts have weighed in on the company. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 1.13% from last close price of 33.67 and act as support or resistance of price limit. They set a "buy" rating and a $39.00 target price on the stock. A rating of 4 or 5 would represent a consensus Sell recommendation. The rating was downgraded by Goldman Sachs to "Neutral" on Thursday, March 30. KeyCorp reaffirmed a "buy" rating and issued a $37.00 price objective on shares of The Goodyear Tire & Rubber in a report on Thursday, October 12th. CT bought a new position in shares of The Goodyear Tire & Rubber during the 2nd quarter valued at about $101,396,000. The tire maker's stock fell $1.79, or 5.3 percent, to $31.88 in morning trading. ValuEngine lowered The Goodyear Tire & Rubber from a "strong-buy" rating to a "buy" rating in a report on Friday, July 28th.

ILLEGAL ACTIVITY NOTICE: "PGGM Investments Lowers Position in The Goodyear Tire & Rubber Company (GT)" was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another domain, it was stolen and republished in violation of USA and worldwide copyright laws.

Shares of The Goodyear Tire & Rubber (NASDAQ GT) opened at 33.03 on Wednesday. Amalgamated State Bank stated it has 50,122 shares or 0.06% of all its holdings. The stock's beta is 1.16 whilst the stock has an average true range (ATR) of 0.61. The company's distance from 52-week high price is -7.75% and while current price is 35.12% from 52-week low price.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.10 per share. The stock's beta is 1.52 whilst the stock has an average true range (ATR) of 0.53. The Goodyear Tire & Rubber's dividend payout ratio is 8.77%. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The quarterly performance for the stock is -16.49%, while the half-yearly performance is -26.46%. The stock has seen a fall-off/ on its SMA50 which is now 5.20%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its holdings in The Goodyear Tire & Rubber by 24.6% in the 2nd quarter. As The Goodyear Tire & Rubber Company has a P/S, P/E and P/B estimations of 0.57, 7.39 and 1.73 separately. The Goodyear Tire & Rubber Co.'s revenue for the quarter was down 7.0% on a year-over-year basis. Vanguard Group Inc. now owns 23,666,446 shares of the company's stock valued at $607,280,000 after buying an additional 279,719 shares in the last quarter. Ltd. bought a new stake in The Goodyear Tire & Rubber in the 2nd quarter valued at approximately $21,686,000.

Like this


27 October 2017
Hamas Security Chief in Gaza Survives Assassination Attempt
Hamas has controlled Gaza since 2007 when it ousted forces of Palestinian President Mahmoud Abbas leaving Palestinians divided. Iyad Al -Bazem added that Abu Na'im auto was blown up at the entrance to Nuseirat refugee camp in the central Gaza Strip.

27 October 2017
Profit at IAG up over 20pc as passenger unit revenue increases
Pre-tax profits in the nine months to September were up 21.7pc to €1.8bn, while revenues rose 1.3pc to €17.5bn. Monarch's administrators are seeking court approval to sell the slots.

27 October 2017
Pfizer, Inc. (PFE) Shares Sold by Brave Asset Management Inc
Following the completion of the sale, the insider now directly owns 145,649 shares of the company's stock, valued at $5,097,715. Analysts at Jefferies Group issued their Q3 2017 EPS estimates for Pfizer in a note issued to investors on Thursday.

27 October 2017
GDP hits 3%, crushing estimates despite hurricanes
Residential construction fell at a 6 percent rate following a 7.3 percent rate of decline in the second quarter. Goods imports, though, fell by 0.5 percent in this release, the first decline since the first quarter of 2016.

27 October 2017
Girardi Out As Yankees Manager After 10 Years In New York
He'll be a hot name on the open market if he wants to jump right back into managing somewhere else. Girardi led the Yankees to the 2009 World Series championship as well as three AL East titles.

27 October 2017
NextEra Energy reports 6.3% y/y rise in adjusted EPS for Q3
New York-based National Asset Mngmt has invested 0.35% in NextEra Energy Inc (NYSE: NEE ). (NEE) opened at 153.86 on Thursday. Paragon Capital Management LLC increased its holdings in shares of NextEra Energy by 0.3% during the 1st quarter.

27 October 2017
Rian Johnson 'overwhelmed' with 'Star Wars: The Last Jedi'
Then earlier this month saw the release of The Last Jedi's main poster, with Luke looming over like the villain - as though he had turned to the Dark Side.

27 October 2017
Aston Martin is selling a ridiculously expensive special-edition Tom Brady auto
The New England Patriots quarterback signed a sponsorship deal with Aston Martin in May, and Brady is pleased with how this venture turned out.

27 October 2017
Animal Crossing Pocket Camp Takes You Outdoors
While you can purchase real-life Leaf Tickets if you choose, you can also earn them in-game through regular play. Animal Crossing : Pocket Camp might not be the full Animal Crossing experience, but it is very close.

27 October 2017
What about marriage? 'Jab hogi, hogi,' Rahul Gandhi tells boxer Vijender Singh
I believe in destiny", Gandhi who was addressing the 112th annual session of Chamber Of Commerce here, said. He was shocked when boxer Vijendra Singh asked him two questions at an event which were never asked before.