Media coverage about Goodyear Tire & Rubber (NASDAQ:GT) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.8403729103573 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Free Post Earnings Research Report: Goodyear’s Quarterly Sales Gained 9%; Adjusted EPS Rose 4% – Digital Journal (digitaljournal.com)
- Free Post Earnings Research Report: Goodyear’s Quarterly Sales Gained 9%; Adjusted EPS Rose 4% (finance.yahoo.com)
- OSHA: Georgia Goodyear plant lapses put employees at serious risk (revealnews.org)
- Why Is Goodyear (GT) Down 15.4% Since its Last Earnings Report? (finance.yahoo.com)
- Goodyear Tire & Rubber Co (GT) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
Shares of Goodyear Tire & Rubber (NASDAQ:GT) traded down $0.31 during midday trading on Wednesday, hitting $28.04. The company had a trading volume of 2,180,784 shares, compared to its average volume of 3,267,246. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $6,947.44, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.72. Goodyear Tire & Rubber has a 12-month low of $27.85 and a 12-month high of $37.20.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 1st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Wednesday, January 31st. Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 41.79%.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Monday, January 29th. BidaskClub upgraded Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Longbow Research assumed coverage on Goodyear Tire & Rubber in a research report on Wednesday, January 31st. They issued a “neutral” rating for the company. ValuEngine upgraded Goodyear Tire & Rubber from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, TheStreet lowered Goodyear Tire & Rubber from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Goodyear Tire & Rubber presently has a consensus rating of “Buy” and a consensus price target of $37.30.
About Goodyear Tire & Rubber
The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.
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