Goodyear Tire & Rubber Co (NYSE:GT) had its target price lifted by Deutsche Bank from US$31.00 to US$34.00 in a research note released on Monday morning. They currently have a hold rating on the stock.
A number of other analysts have also recently weighed in on GT. Analysts at JPMorgan Chase & Co. raised their price target on shares of Goodyear Tire & Rubber Co from US$35.00 to US$36.00 and gave the company an overweight rating in a research note on Monday. Analysts at Standpoint Research raised their price target on shares of Goodyear Tire & Rubber Co from US$33.00 to US$36.00 and gave the company a buy rating in a research note on Wednesday, May 13th. Analysts at Zacks upgraded shares of Goodyear Tire & Rubber Co from a hold rating to a buy rating and set a US$32.00 price target on the stock in a research note on Monday, May 4th. Finally, analysts at Citigroup Inc. raised their price target on shares of Goodyear Tire & Rubber Co from US$31.00 to US$34.00 and gave the company a buy rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of US$33.22.
Goodyear Tire & Rubber Co (NYSE:GT) traded up 0.54% during mid-day trading on Monday, hitting US$31.67. 2,098,146 shares of the company’s stock traded hands. Goodyear Tire & Rubber Co has a 52 week low of US$18.87 and a 52 week high of US$32.74. The stock’s 50-day moving average is US$30. and its 200-day moving average is US$27.. The company has a market cap of US$8.55 billion and a P/E ratio of 3.31.
Goodyear Tire & Rubber Co (NYSE:GT) last released its earnings data on Wednesday, April 29th. The company reported US$0.54 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted US$0.56 earnings per share. The company’s quarterly revenue was down 10.0% on a year-over-year basis. On average, analysts predict that Goodyear Tire & Rubber Co will post US$3.00 earnings per share for the current fiscal year.