BidaskClub lowered shares of Goodyear Tire & Rubber (NASDAQ:GT) from a hold rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

Several other research analysts have also recently commented on GT. KeyCorp reissued a buy rating and set a $235.00 target price on shares of Workday in a research note on Wednesday, May 22nd. ValuEngine raised VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research note on Thursday, May 9th. Morgan Stanley set a $12.00 target price on Adient and gave the stock a sell rating in a research note on Wednesday, June 26th. Longbow Research raised Goodyear Tire & Rubber from an underperform rating to a neutral rating and set a $14.74 target price for the company in a research note on Thursday, June 6th. Finally, Zacks Investment Research cut W. R. Grace & Co from a buy rating to a hold rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $20.74.

GT opened at $15.14 on Thursday. Goodyear Tire & Rubber has a 12 month low of $13.23 and a 12 month high of $25.41. The firm has a market cap of $3.52 billion, a PE ratio of 6.53 and a beta of 1.74. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.28 and a quick ratio of 0.70. The business’s fifty day moving average is $14.77.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Friday, April 26th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ 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 in the previous year, the firm posted $0.50 EPS. Goodyear Tire & Rubber’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Goodyear Tire & Rubber will post 1.79 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Investors Research Corp purchased a new stake in shares of Goodyear Tire & Rubber in the 1st quarter valued at about $25,000. Valeo Financial Advisors LLC purchased a new stake in shares of Goodyear Tire & Rubber in the 1st quarter valued at about $27,000. NuWave Investment Management LLC lifted its holdings in shares of Goodyear Tire & Rubber by 3,169.2% in the 1st quarter. NuWave Investment Management LLC now owns 1,700 shares of the company’s stock valued at $31,000 after purchasing an additional 1,648 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Goodyear Tire & Rubber in the 4th quarter valued at about $43,000. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Goodyear Tire & Rubber by 58.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,467 shares of the company’s stock valued at $50,000 after purchasing an additional 914 shares during the last quarter. 84.91% of the stock is owned by institutional investors and hedge funds.

Goodyear Tire & Rubber Company Profile

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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Analyst Recommendations for Goodyear Tire & Rubber (NASDAQ:GT)

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