The Goodyear Tire & Rubber Company (GT) Receives Price Target

The Goodyear Tire & Rubber Company (GT) : The most positive equity analysts on The Goodyear Tire & Rubber Company (GT) expects the shares to touch $41, whereas, the least positive believes that the stock will trade at $20 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $32.2 with an expected fluctuation of $8.11 from the mean.

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.


Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on The Goodyear Tire & Rubber Company (NASDAQ:GT). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm 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): The stock opened at $29.36 on Thursday but the bulls could not build on the opening and the stock topped out at $29.72 for the day. The stock traded down to $29.01 during the day, due to lack of any buying support eventually closed down at $29.20 with a loss of -0.51% for the day. The stock had closed at $29.35 on the previous day. The total traded volume was 3,284,334 shares.

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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