Short Term Price Target on The Goodyear Tire & Rubber Company (GT)

The Goodyear Tire & Rubber Company (NASDAQ:GT) : The consensus price target for The Goodyear Tire & Rubber Company (NASDAQ:GT) is $31.8 for the short term with a standard deviation of $7.6. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $20.

The Goodyear Tire & Rubber Company has lost 6.38% in the last five trading days and dropped 6.28% in the last 4 weeks. The Goodyear Tire & Rubber Company has dropped 20.84% during the last 3-month period . Year-to-Date the stock performance stands at -21.08%.

The Goodyear Tire & Rubber Company (NASDAQ:GT) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

The Goodyear Tire & Rubber Company (NASDAQ:GT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.56 and $25.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.66, notching a gain of 0.90% for the day. The total traded volume was 4,783,626 . The stock had closed at $25.43 on the previous day.

In an insider trading activity, Morell Michael J, director of Goodyear Tire & Rubber Co /Oh/, had purchased 875 shares on May 5, 2016. The total value of the transaction was $24,491. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Companys business is the development, manufacture, distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles, motorcycles, trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned-house brands, and the private-label brands of certain customers.

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