Goodyear Tire & Rubber (GT) Reaches New 52-Week Low at $16.03

Goodyear Tire & Rubber (GT) Reaches New 52-Week Low at $16.03

Goodyear Tire & Rubber Co (NASDAQ:GT) reached a new 52-week low during trading on Thursday . The company traded as low as $16.03 and last traded at $15.98, with a volume of 216617 shares trading hands. The stock had previously closed at $16.76.

A number of equities research analysts have commented on the company. ValuEngine upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Monday, January 21st. Zacks Investment Research cut Goodyear Tire & Rubber from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 5th. BidaskClub upgraded Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $25.00 price target on shares of Goodyear Tire & Rubber in a research note on Tuesday, February 5th. Finally, Argus cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.00.

The company has a market capitalization of $3.78 billion, a PE ratio of 6.93, a PEG ratio of -1.64 and a beta of 1.51. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.28 and a quick ratio of 0.70.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. Goodyear Tire & Rubber had a return on equity of 9.59% and a net margin of 3.65%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts forecast that Goodyear Tire & Rubber Co will post 2.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Tuesday, April 30th. Goodyear Tire & Rubber’s payout ratio is 27.59%.

Several large investors have recently made changes to their positions in GT. CWM Advisors LLC grew its holdings in Goodyear Tire & Rubber by 12.6% during the fourth quarter. CWM Advisors LLC now owns 13,263 shares of the company’s stock worth $271,000 after acquiring an additional 1,479 shares during the period. Deutsche Bank AG grew its holdings in Goodyear Tire & Rubber by 14.3% during the fourth quarter. Deutsche Bank AG now owns 1,012,714 shares of the company’s stock worth $20,665,000 after acquiring an additional 126,642 shares during the period. Geode Capital Management LLC grew its holdings in Goodyear Tire & Rubber by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 3,515,759 shares of the company’s stock worth $71,647,000 after acquiring an additional 226,311 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Goodyear Tire & Rubber by 14.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 60,931 shares of the company’s stock worth $1,244,000 after acquiring an additional 7,842 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP grew its holdings in Goodyear Tire & Rubber by 7.9% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 240,564 shares of the company’s stock worth $4,910,000 after acquiring an additional 17,554 shares during the period. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Goodyear Tire & Rubber Company Profile (NASDAQ:GT)

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The company 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 brands, as well as under the private-label brands.

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Goodyear Tire & Rubber (GT) Attains New 52-Week Low at $16.03

Goodyear Tire & Rubber (GT) Attains New 52-Week Low at $16.03

Goodyear Tire & Rubber Co (NASDAQ:GT) reached a new 52-week low during trading on Thursday . The company traded as low as $16.03 and last traded at $15.98, with a volume of 216617 shares trading hands. The stock had previously closed at $16.76.

A number of equities research analysts have commented on the company. ValuEngine upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research note on Monday, January 21st. Zacks Investment Research cut Goodyear Tire & Rubber from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 5th. BidaskClub upgraded Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $25.00 price target on shares of Goodyear Tire & Rubber in a research note on Tuesday, February 5th. Finally, Argus cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.00.

The company has a market capitalization of $3.78 billion, a PE ratio of 6.93, a PEG ratio of -1.64 and a beta of 1.51. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.28 and a quick ratio of 0.70.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. Goodyear Tire & Rubber had a return on equity of 9.59% and a net margin of 3.65%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts forecast that Goodyear Tire & Rubber Co will post 2.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Tuesday, April 30th. Goodyear Tire & Rubber’s payout ratio is 27.59%.

Several large investors have recently made changes to their positions in GT. CWM Advisors LLC grew its holdings in Goodyear Tire & Rubber by 12.6% during the fourth quarter. CWM Advisors LLC now owns 13,263 shares of the company’s stock worth $271,000 after acquiring an additional 1,479 shares during the period. Deutsche Bank AG grew its holdings in Goodyear Tire & Rubber by 14.3% during the fourth quarter. Deutsche Bank AG now owns 1,012,714 shares of the company’s stock worth $20,665,000 after acquiring an additional 126,642 shares during the period. Geode Capital Management LLC grew its holdings in Goodyear Tire & Rubber by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 3,515,759 shares of the company’s stock worth $71,647,000 after acquiring an additional 226,311 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Goodyear Tire & Rubber by 14.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 60,931 shares of the company’s stock worth $1,244,000 after acquiring an additional 7,842 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP grew its holdings in Goodyear Tire & Rubber by 7.9% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 240,564 shares of the company’s stock worth $4,910,000 after acquiring an additional 17,554 shares during the period. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Goodyear Tire & Rubber Company Profile (NASDAQ:GT)

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The company 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 brands, as well as under the private-label brands.

See Also: How to find the components of the quick ratio

Related posts

Leave a Comment