The Goodyear Tire & Rubber Company (GT) Receives ‘Analyst’ Rating

The Goodyear Tire & Rubber Company (GT) has an average broker rating of 2, which is interpreted as a Buy, as rated by 5 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. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 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 (GT) : The consensus price target for The Goodyear Tire & Rubber Company (GT) is $33.8 for the short term with a standard deviation of $8.11. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $20.


Also, Brokerage firm Deutsche Bank upgrades its rating on The Goodyear Tire & Rubber Company (NASDAQ:GT). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on September 6, 2016.

The Goodyear Tire & Rubber Company (NASDAQ:GT): After opening at $32.29, the stock dipped to an intraday low of $31.7 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $32.7 and the buying power remained strong till the end. The stock closed at $32.39 for the day, a gain of 5.13% for the day session. The total traded volume was 8,355,174. The stocks close on the previous trading day was $30.81.

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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