Published: Fri, April 27, 2018
World Media | By Shelia Harmon

Goodyear Tire and Rubber (NASDAQ:GT) Lowered to Hold at ValuEngine

Goodyear Tire and Rubber (NASDAQ:GT) Lowered to Hold at ValuEngine

The shares now trade at $26.87 and have been able to report a change of -3.41% over the past one week. This piece of financial article provides a short snap of WEX Inc. It has outperformed by 6.76% the S&P500. About 4.07M shares traded. Moreover, Dekabank Deutsche Girozentrale has 0.03% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). It has underperformed by 37.28% the S&P500.The move comes after 7 months negative chart setup for the $6.14 billion company.

The PNC Financial Services Group, far traveled 25.38% versus a 1-year low price of $115.66. We have $52.87 PT which if reached, will make NASDAQ:LPNT worth $116.64 million more.

Investors sentiment decreased to 0.75 in 2017 Q4. Going back previous 30 days we noticed that GT performed along premium change of 0.98%. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.23. 516.43 million shares or 1.05% more from 511.08 million shares in 2017Q3 were reported. Cooper Tire & Rubber Company (NYSE:CTB) has trailing twelve month Return on Assets of 3.6%, which is key indicator of how profitable a company is relative to its total assets. Wilsey Asset Mngmt Inc has invested 5.48% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Brown Brothers Harriman And Communication reported 0% stake. Stockholders of record on Tuesday, May 1st will be paid a $0.14 dividend.

Goodyear Tire & Rubber Co's (GT.O) quarterly profit dropped more than 50 percent due to weaker demand and it warned that higher raw-materials costs would weigh on the company for the remainder of the year, sending its shares down 5 percent. Peak6 Investments Ltd Partnership holds 0.01% or 67,971 shs in its capital. 39,086 are owned by Bb&T Corp. New Mexico Educational Retirement Board stated it has 0.02% of its portfolio in Cooper Tire & Rubber Company (NYSE:CTB). Blackrock reported 19.63M shares or 0.03% of all its holdings. Royce & Associates LP raised its position in shares of Cooper Tire & Rubber Company by 156.4% in the fourth quarter. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since April 25, 2017 and is downtrending. Parametric Assoc Limited Com holds 0.01% or 141,908 shares in its portfolio. Icon Advisers Com has 30,100 shares for 0.07% of their portfolio. The same analysts are predicting that the company shares will trade to $35.00 within the next 12-18 months. Therefore 57% are positive. 9 are the (NYSE:CTB)'s ratings reports on April 25, 2018 according to StockzIntelligence Inc. Finally, Longbow Research initiated coverage on shares of Goodyear Tire and Rubber in a research report on Wednesday, January 31st. The stock has "Hold" rating by Standpoint Research on Wednesday, October 28. FBR Capital has "Buy" rating and $50.0 target. The rating was upgraded by Northcoast on Wednesday, January 10 to "Buy". The stock is a Buy among 3 brokerage firms polled by Factset Research. However, it still beat out analysts' earnings per share estimate of 46 cents for the quarter, but wasn't enough to help Goodyear Tire & Rubber Co stock. As per Thursday, November 9, the company rating was maintained by KeyBanc Capital Markets.

Operating income reported by Goodyear Tire & Rubber Co for the first quarter of the year was $281 million.

The stock has a market capitalization of $1,414.72, a price-to-earnings ratio of 8.86 and a beta of 0.43. It 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.The P/E ratio is 18.64.

Usually, the ROE ratio's between 12-15 percent are considered desirable.

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. Its down 0.21, from 1.19 in 2017Q3. Ftb Advisors Incorporated reported 180 shares. (PNC) exchanged hands at an unexpectedly high level of 2.59 million shares over the course of the day. Sei Invests holds 298,516 shares. 145,974 are owned by Horizon Inv Service Limited Liability.

On 4/10/2018 announced a quarterly dividend of $0.14 2.03% with an ex dividend date of 4/30/2018 which will be payable on 5/1/2018. Comerica Natl Bank has invested 0.04% in Cooper Tire & Rubber Company (NYSE:CTB). Warren Averett Asset Mngmt Ltd Liability Corp holds 0.19% or 40,385 shs in its capital. 131,066 shares valued at $13.37M were sold by DANIEL WILLIAM K on Friday, February 2.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Capital Management Inc owns 104,350 shares or 1.88% of their U.S. portfolio. Fjarde Ap reported 122,509 shares or 0.35% of all its holdings. Shares for $937,421 were sold by Murphy James P.

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