Analyst Rating Update on The Goodyear Tire & Rubber Company (GT)

The Goodyear Tire & Rubber Company (GT) : The consensus on The Goodyear Tire & Rubber Company (GT) based on 5 analyst recommendation on the company stock is 2.4, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

The Goodyear Tire & Rubber Company (GT) : Currently there are 5 street experts covering The Goodyear Tire & Rubber Company (GT) stock. The most bullish and bearish price target for the stock is $41 and $20 respectively for the short term. The average price target of all the analysts comes to $32.2. The estimated standard deviation from the target is $8.11.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on The Goodyear Tire & Rubber Company (NASDAQ:GT). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $36 per share to $37 per share. The rating by the firm was issued on July 28, 2016.


The Goodyear Tire & Rubber Company (NASDAQ:GT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.54 and $27.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.92, notching a gain of 1.27% for the day. The total traded volume was 3,328,013 . The stock had closed at $27.57 on the previous day.

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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