Goodyear Tire & Rubber Co had its price objective set by Deutsche Bank from US$28.00 to US$31.00 in a report released on Thursday. Deutsche Bank currently has a hold rating on the stock.
A number of other analysts have also recently weighed in on GT. Analysts at Argus raised their price target on shares of Goodyear Tire & Rubber Co from US$31.00 to US$35.00 and gave the company a buy rating in a research note on Friday, February 27th. Analysts at Scotiabank reiterated a strong-buy rating on shares of Goodyear Tire & Rubber Co in a research note on Wednesday, February 18th. Analysts at Zacks reiterated a neutral rating and set a US$28.00 price target on shares of Goodyear Tire & Rubber Co in a research note on Wednesday, February 18th. Finally, analysts at Citigroup Inc. reiterated a buy rating and set a US$31.00 price target (up previously from US$30.00) on shares of Goodyear Tire & Rubber Co in a research note on Wednesday, February 18th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of US$31.71.
Goodyear Tire & Rubber Co (NYSE:GT) traded up 0.12% on Thursday, hitting US$28.40. The stock had a trading volume of 5,319,962 shares. Goodyear Tire & Rubber Co has a 52 week low of US$18.87 and a 52 week high of US$29.07. The stock has a 50-day moving average of US$26. and a 200-day moving average of US$26.. The company has a market cap of US$7.66 billion and a P/E ratio of 3.23.
Goodyear Tire & Rubber Co (NYSE:GT) last announced its earnings results on Wednesday, April 29th. The company reported US$0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of US$0.44 by US$0.10. The company had revenue of US$4.00 billion for the quarter, compared to the consensus estimate of US$4.09 billion. During the same quarter last year, the company posted US$0.56 earnings per share. Goodyear Tire & Rubber Co’s revenue was down 10.0% compared to the same quarter last year. On average, analysts predict that Goodyear Tire & Rubber Co will post US$2.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 1st will be given a dividend of US$0.06 per share. This represents a US$0.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, April 29th.
Goodyear Tire & Rubber Company is a manufacturer of tires. The Company develops, manufactures, market and distributes tires. The Company manufactures and markets rubber-related chemicals. The Company is an operator of commercial truck service and tire retreading centers. The Company has four operating segments: North America; Europe, Middle East and Africa ; (Latin America and Asia Pacific. – Dakota Financial News