Today, The Goodyear Tire & Rubber Co. (GT) Receives New Coverage from Analysts at Jefferies Group

Today, The Goodyear Tire & Rubber Co. (GT) Receives New Coverage from Analysts at Jefferies Group

Research analysts at Jefferies Group assumed coverage on shares of The Goodyear Tire & Rubber Co. (NASDAQ:GT) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

GT has been the subject of several other research reports. Deutsche Bank AG upgraded The Goodyear Tire & Rubber Co. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, September 6th. raised their target price on The Goodyear Tire & Rubber Co. from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, September 16th. Berenberg Bank started coverage on The Goodyear Tire & Rubber Co. in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $36.00 target price for the company. Morgan Stanley restated an “underperform” rating on shares of The Goodyear Tire & Rubber Co. in a research note on Tuesday, November 22nd. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $35.00 target price on shares of The Goodyear Tire & Rubber Co. in a research note on Saturday, October 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.04.

The Goodyear Tire & Rubber Co. (NASDAQ:GT) opened at 30.75 on Tuesday. The Goodyear Tire & Rubber Co. has a 52 week low of $24.31 and a 52 week high of $35.30. The firm’s 50-day moving average price is $30.29 and its 200 day moving average price is $29.02. The firm has a market cap of $8.03 billion, a P/E ratio of 25.69 and a beta of 1.33.

The Goodyear Tire & Rubber Co. (NASDAQ:GT) last announced its earnings results on Friday, October 28th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.01. The Goodyear Tire & Rubber Co. had a return on equity of 24.47% and a net margin of 2.09%. The firm earned $3.80 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the firm posted $0.99 EPS. The business’s revenue was down 8.1% compared to the same quarter last year. Equities analysts forecast that The Goodyear Tire & Rubber Co. will post $3.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 1st will be given a $0.10 dividend. This is an increase from The Goodyear Tire & Rubber Co.’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, October 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. The Goodyear Tire & Rubber Co.’s payout ratio is presently 33.33%.

A number of hedge funds have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. boosted its position in shares of The Goodyear Tire & Rubber Co. by 28.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 8,485,852 shares of the company’s stock worth $217,747,000 after buying an additional 1,892,700 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of The Goodyear Tire & Rubber Co. by 389.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,285,959 shares of the company’s stock worth $73,836,000 after buying an additional 1,819,073 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of The Goodyear Tire & Rubber Co. by 720.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,050,000 shares of the company’s stock worth $52,603,000 after buying an additional 1,800,000 shares during the period. Eaton Vance Management boosted its position in shares of The Goodyear Tire & Rubber Co. by 72.2% in the third quarter. Eaton Vance Management now owns 3,915,368 shares of the company’s stock worth $126,466,000 after buying an additional 1,641,819 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in shares of The Goodyear Tire & Rubber Co. by 123.4% in the second quarter. BlackRock Investment Management LLC now owns 1,704,064 shares of the company’s stock worth $43,726,000 after buying an additional 941,210 shares during the period. Institutional investors own 92.12% of the company’s stock.

The Goodyear Tire & Rubber Co. Company Profile

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Today, The Goodyear Tire & Rubber Co. (GT) Receives New Coverage from Analysts at Jefferies Group

Today, The Goodyear Tire & Rubber Co. (GT) Receives New Coverage from Analysts at Jefferies Group

Research analysts at Jefferies Group assumed coverage on shares of The Goodyear Tire & Rubber Co. (NASDAQ:GT) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

GT has been the subject of several other research reports. Deutsche Bank AG upgraded The Goodyear Tire & Rubber Co. from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, September 6th. raised their target price on The Goodyear Tire & Rubber Co. from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, September 16th. Berenberg Bank started coverage on The Goodyear Tire & Rubber Co. in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $36.00 target price for the company. Morgan Stanley restated an “underperform” rating on shares of The Goodyear Tire & Rubber Co. in a research note on Tuesday, November 22nd. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a $35.00 target price on shares of The Goodyear Tire & Rubber Co. in a research note on Saturday, October 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.04.

The Goodyear Tire & Rubber Co. (NASDAQ:GT) opened at 30.75 on Tuesday. The Goodyear Tire & Rubber Co. has a 52 week low of $24.31 and a 52 week high of $35.30. The firm’s 50-day moving average price is $30.29 and its 200 day moving average price is $29.02. The firm has a market cap of $8.03 billion, a P/E ratio of 25.69 and a beta of 1.33.

The Goodyear Tire & Rubber Co. (NASDAQ:GT) last announced its earnings results on Friday, October 28th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.01. The Goodyear Tire & Rubber Co. had a return on equity of 24.47% and a net margin of 2.09%. The firm earned $3.80 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the firm posted $0.99 EPS. The business’s revenue was down 8.1% compared to the same quarter last year. Equities analysts forecast that The Goodyear Tire & Rubber Co. will post $3.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 1st will be given a $0.10 dividend. This is an increase from The Goodyear Tire & Rubber Co.’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, October 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. The Goodyear Tire & Rubber Co.’s payout ratio is presently 33.33%.

A number of hedge funds have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. boosted its position in shares of The Goodyear Tire & Rubber Co. by 28.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 8,485,852 shares of the company’s stock worth $217,747,000 after buying an additional 1,892,700 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of The Goodyear Tire & Rubber Co. by 389.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,285,959 shares of the company’s stock worth $73,836,000 after buying an additional 1,819,073 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of The Goodyear Tire & Rubber Co. by 720.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,050,000 shares of the company’s stock worth $52,603,000 after buying an additional 1,800,000 shares during the period. Eaton Vance Management boosted its position in shares of The Goodyear Tire & Rubber Co. by 72.2% in the third quarter. Eaton Vance Management now owns 3,915,368 shares of the company’s stock worth $126,466,000 after buying an additional 1,641,819 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in shares of The Goodyear Tire & Rubber Co. by 123.4% in the second quarter. BlackRock Investment Management LLC now owns 1,704,064 shares of the company’s stock worth $43,726,000 after buying an additional 941,210 shares during the period. Institutional investors own 92.12% of the company’s stock.

The Goodyear Tire & Rubber Co. Company Profile

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