Goodyear Tire & Rubber Co (NYSE:GT) insider Daniel L. Smytka sold 22,079 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $31.43, for a total transaction of $693,942.97. Following the sale, the insider now directly owns 37,308 shares of the company’s stock, valued at approximately $1,172,590.44. The sale was disclosed in a filing with the SEC, which is available at this link.
Goodyear Tire & Rubber Co (NYSE:GT) opened at 31.49 on Friday. Goodyear Tire & Rubber Co has a 1-year low of $18.87 and a 1-year high of $32.74. The stock’s 50-day moving average is $30. and its 200-day moving average is $27.. The company has a market cap of $8.50 billion and a P/E ratio of 3.29.
Goodyear Tire & Rubber Co (NYSE:GT) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.10. The company had revenue of $4.00 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the company posted $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 $3.00 earnings per share for the current fiscal year.
A number of research firms have recently commented on GT. Analysts at Credit Agricole downgraded shares of Goodyear Tire & Rubber Co from a “buy” rating to an “underperform” rating in a research note on Wednesday. Analysts at CLSA downgraded shares of Goodyear Tire & Rubber Co from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $34.00 to $33.00 in a research note on Wednesday. Analysts at Deutsche Bank raised their price target on shares of Goodyear Tire & Rubber Co from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, June 8th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Goodyear Tire & Rubber Co from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Two equities 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.22