Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.16.
Separately, StockNews.com raised Goodyear Tire & Rubber from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st.
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Goodyear Tire & Rubber Trading Down 2.2 %
NASDAQ GT opened at $11.71 on Friday. The firm has a market cap of $3.33 billion, a P/E ratio of -4.86 and a beta of 1.85. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.07 and a quick ratio of 0.55. The stock’s 50-day moving average is $12.58 and its 200-day moving average is $13.17. Goodyear Tire & Rubber has a one year low of $10.12 and a one year high of $16.50.
Goodyear Tire & Rubber (NASDAQ:GT – Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.11. Goodyear Tire & Rubber had a positive return on equity of 1.16% and a negative net margin of 3.43%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter last year, the firm earned $0.07 EPS. Goodyear Tire & Rubber’s revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that Goodyear Tire & Rubber will post 1.12 earnings per share for the current fiscal year.
Goodyear Tire & Rubber Company Profile
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.
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