Discussion stirs around The Goodyear Tire & Rubber Company (NASDAQ:GT) this week; here is what analysts are saying.

July 11, 2018 - By Vivian Park

The Goodyear Tire & Rubber Company (NASDAQ:GT) LogoInvestors sentiment increased to 0.99 in 2018 Q1. Its up 0.24, from 0.75 in 2017Q4. It is positive, as 38 investors sold The Goodyear Tire & Rubber Company shares while 148 reduced holdings. 50 funds opened positions while 134 raised stakes. 201.95 million shares or 4.42% less from 211.29 million shares in 2017Q4 were reported.
Moreover, New York State Common Retirement Fund has 0.02% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). Adage Prtn Grp Lc has 8.71 million shares. Reilly Financial Limited Liability Company owns 800 shares for 0% of their portfolio. Pillar Pacific Capital Management Ltd Limited Liability Company reported 121,021 shares stake. Intrust Natl Bank Na reported 10,109 shares. 12,542 are held by Kentucky Retirement Sys. State Treasurer State Of Michigan holds 0.02% or 70,716 shares. Plante Moran Fincl Advsr Ltd Liability Company invested in 0% or 116 shares. 61,243 were accumulated by Comerica Bankshares. Srb owns 7,070 shares for 0.02% of their portfolio. Hoertkorn Richard Charles holds 0.02% or 1,000 shares. Regent Investment Mngmt Ltd Liability has 0.17% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). 9,499 are owned by Suntrust Banks. Globeflex Capital Ltd Partnership reported 0.22% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). M&T Bancshares Corporation, New York-based fund reported 19,467 shares.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Ratings Coverage

Among 7 analysts covering GoodYear Tire (NASDAQ:GT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. GoodYear Tire had 10 analyst reports since January 28, 2018 according to SRatingsIntel. The company was maintained on Thursday, April 19 by Guggenheim. As per Thursday, April 26, the company rating was maintained by JP Morgan. The firm earned “Overweight” rating on Thursday, March 22 by Morgan Stanley. The rating was maintained by Jefferies with “Buy” on Wednesday, April 4. Citigroup maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) on Tuesday, May 22 with “Neutral” rating. The stock has “Buy” rating by Jefferies on Sunday, January 28. On Monday, June 25 the stock rating was maintained by Northcoast with “Buy”. Guggenheim maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) on Friday, February 9 with “Hold” rating. Below is a list of The Goodyear Tire & Rubber Company (NASDAQ:GT) latest ratings and price target changes.

25/06/2018 Broker: Northcoast Rating: Buy New Target: $32.0000 Maintain
22/05/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $34 New Target: $29 Maintain
26/04/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $37 New Target: $36 Maintain
19/04/2018 Broker: Guggenheim Rating: Hold New Target: $30.0000 Maintain
17/04/2018 Broker: Longbow Rating: Hold
04/04/2018 Broker: Jefferies Rating: Buy New Target: $38.0000 Maintain
22/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $43 New Target: $34 Maintain
09/02/2018 Broker: Guggenheim Rating: Hold New Target: $32.0 Maintain
31/01/2018 Broker: Longbow Rating: Neutral Initiates Coverage On
28/01/2018 Broker: Jefferies Rating: Buy New Target: $42.0 Maintain

The stock decreased 2.01% or $0.48 during the last trading session, reaching $23.36. About 2.23 million shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 21.33% since July 11, 2017 and is downtrending. It has underperformed by 33.90% the S&P500.

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, makes, distributes, and sells tires and related services and products worldwide. The company has market cap of $5.60 billion. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brand names, as well as under the private-label brands. It has a 22.83 P/E ratio. The firm also retreads truck, aviation, and off-the-road tires; makes and sells tread rubber and other tire retreading materials; makes and markets rubber-related chemicals; and provides automotive repair services, and miscellaneous other services and products, as well as sells natural rubber products.

Another recent and important The Goodyear Tire & Rubber Company (NASDAQ:GT) news was published by Benzinga.com which published an article titled: “Jim Cramer Weighs In On Albemarle, PayPal, Goodyear And More” on July 11, 2018.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Institutional Positions Chart

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