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
Ndamukong Suh grabs Ravens QB Ryan Mallett by throat, claims self defense
After jumping across the line of scrimmage, Suh pushed Ravens quarterback Ryan Mallett . So much for going through the motions with a game out of reach in the fourth quarter.

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
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
One Killed In Firing After Violent Protests Against Police In Gujarat's Dahod
The 45-year-old farmer Ramsu Mohaniya killed in the police firing was from the neighbouring Amli village. Kanesh Gamara wasn't even a suspect in a criminal case, it was his brother that the police were after.

27 October 2017
Jharkhand: Myanmar Consul General dies in accident
Giridih's Superintendent of Police Akhilesh B Warrier and District Commissioner Kiran Kumari have reached the hospital. Soe sustained multiple injuries, including on his face and was admitted to a local hospital but died later.

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
HealthStream, Inc. (HSTM) Stock Price Down 5.7% Following Analyst Downgrade
With 1.40M avg volume, 5 days are for Kindred Healthcare Incorporated (NYSE:KND)'s short sellers to cover KND's short positions. It has outperformed by 12.98% the S&P500.The move comes after 5 months negative chart setup for the $717.29 million company.

27 October 2017
Three left backs to replace Luke Shaw at Manchester United
Shaw has been frozen out of the first-team by Jose Mourinho , and now appears to be third or fourth-choice left-back. Shaw's relationship with Mourinho is so bad that the player "fears" that his United career is effectively over .

27 October 2017
Women's Ashes moved to Nine's main channel after strong ratings
Nicole Bolton (66) and Alyssa Healy (56) ensured the England new ball bowlers were kept at bay with a solid 98 run stand for the opening wicket.

27 October 2017
Trump Jr. turns Hillary's 70th birthday into a roast
Former President Bill Clinton also wished Hillary a happy birthday, tweeting, "70 has never looked so attractive ". Clinton's only tweet on her birthday this year has so far been a call to action regarding health care.