The Goodyear Tire & Rubber Company (NASDAQ:GT) registered a -0.12% decrease, still its new closing price is 33.09% up from the company’s 1 year high of 33.25.It posted 1.46% gains in previous 5 sessions and is now the subject of 0 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 11 stock analysts following this company have an average price target at $35.83, with individual PT in the $24.00-$42.00 range. The shares moved at $32.07, implying that brokerage firms see shares gaining about 16.19% in twelve months time.
The Goodyear Tire & Rubber Company (GT) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 4.22% rise year to date. A President, EMEA at The Goodyear Tire & Rubber Company (GT) offloaded shares in a transaction closed on Wednesday November 30, 2016. Kihn Jean Claude sold 371 shares in the company at $30.72 each and collected $11,000 in proceeds. Kihn Jean Claude now owns 77,697 shares in the company after this transaction. A President, Americas in the company, McClellan Stephen R, disclosed a transaction on Tuesday November 15, 2016 that ended up generating $14,001 from the sale of 471 shares at $31.07 per share.
The Goodyear Tire & Rubber Company (NASDAQ:GT) Upcoming Results on Tap
The Goodyear Tire & Rubber Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.07 in that period. Sales during the quarter are predicted to arrive at $3.92 billion.
Earnings surprise history: Last quarter, the company posted approximately $3.85 billion in revenue and EPS of $1.17. The mean forecast was for $3.97 billion and $1.18 a share, respectively. One quarter earlier, revenue for the stock was at $3.88 billion, with earnings at $1.16/share.
The Goodyear Tire & Rubber Company (GT) Brokerage Update
The Goodyear Tire & Rubber Company (GT) is in Standpoint Research’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Standpoint Research, according to news reported on Friday May 20, 2016.Another important research note was issued by KeyBanc Capital Mkts on Thursday April 07, 2016.The firm upgraded GT to Overweight from Sector Weight. Over the last six months and over the last three months, the shares of The Goodyear Tire & Rubber Company (GT), have changed 15.60% and 15.15%, respectively.
