Economy

The Goodyear Tire & Rubber Company (GT) stock RSI moves to 22.54

The firm has 9.26% of total shares float short, yielding a short ratio of 8.29. State Street Corp raised its stake in The Goodyear Tire & Rubber Co.by 0.6% in the second quarter. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). On average, equities research analysts forecast that The Goodyear Tire & Rubber Co. will post $3.94 EPS for the current fiscal year. Ngam Advisors L.P. now owns 25,487 shares of the company's stock worth $918,000 after acquiring an additional 3,352 shares during the period. Louisiana State Employees Retirement System now owns 15,600 shares of the company's stock valued at $545,000 after purchasing an additional 100 shares during the last quarter. Global X Management Co.

COPYRIGHT: "TIAA CREF Investment Management LLC Has $82,694,000 Stake in The Goodyear Tire & Rubber Co". Capital Mgmt Ltd Liability holds 0.47% or 163,227 shares. Finally, Bbva Compass Bancshares Inc. raised its stake in shares of The Goodyear Tire & Rubber Co.by 125.6% in the second quarter. Bank of New York Mellon Corp now owns 2,830,176 shares of the company's stock valued at $91,416,000 after buying an additional 301,431 shares during the period.

Cooper Tire & Rubber Company (NYSE:CTB) was up +0.77% ($0.25) to $32.85 and showed a volume of 0.67 mln shares. Weybosset Research Ltd Llc invested 0.79% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT).

The Goodyear Tire & Rubber (NASDAQ:GT) last issued its earnings results on Friday, October 27th. Strengthening these views, the company is estimating to achieve earnings per share (EPS) growth of 33.12% in next year. The company had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $3.91 billion. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The business's revenue for the quarter was down 8.1% compared to the same quarter previous year. During the same quarter in the prior year, the firm posted $1.04 EPS. sell-side analysts anticipate that Cooper Tire & Rubber will post 3.26 earnings per share for the current year. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.14 per share.

Since June 9, 2017, it had 0 insider buys, and 1 insider sale for $220,566 activity. Legal & General Group Plc raised its position in Cooper Tire & Rubber by 28.8% in the 1st quarter. The Goodyear Tire & Rubber's dividend payout ratio (DPR) is 14.47%.

The analysts offering 12 month price targets for Cooper Tire & Rubber Company have a median target of $38.5, with a high estimate of $43 and a low estimate of $35. If you are reading this report on another publication, it was copied illegally and republished in violation of worldwide copyright and trademark laws. It increased, as 47 investors sold GT shares while 141 reduced holdings. Zacks Investment Research raised The Goodyear Tire & Rubber from a "sell" rating to a "hold" rating in a research report on Friday, July 21st. Zacks Investment Research downgraded The Goodyear Tire & Rubber from a "hold" rating to a "sell" rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC restated a "buy" rating and set a $36.00 target price on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. CLSA initiated Goodyear Tire & Rubber Co (NASDAQ:GT) on Wednesday, June 21 with "Buy" rating. The shares price has directed 3.26% toward a higher level throughout a year ago and swapped -11.64% toward a weak spot during past one month. The most recent short interest data show 22.73% of the company's stock are short sold. The stock presently has an average rating of "Hold" and a consensus price target of $44.00. OppenheimerFunds Inc. acquired a new stake in Cooper Tire & Rubber in the 1st quarter valued at about $789,000. Following the transaction, the insider now owns 74,348 shares in the company, valued at approximately $2,411,849.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 23,001 shares of company stock worth $736,841.

The Goodyear Tire & Rubber Company is engaged in developing, manufacturing, marketing and distributing tires for various applications. The Firm operates through divisions, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. The Americas segment develops, makes, distributes and sells tires and related services and products in North, Central and South America, and sells tires to various export markets.



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