Are Goodyear Tire \u0026 Rubber (NASDAQ:GT) Shares Headed North? Jefferies Issues Upgrade.

June 20, 2017 - By Migdalia James

  Are Goodyear Tire \u0026 Rubber (NASDAQ:GT) Shares Headed North? Jefferies Issues Upgrade.

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.15, from 0.73 in 2016Q3. It is positive, as 53 investors sold Goodyear Tire & Rubber Co shares while 163 reduced holdings. 53 funds opened positions while 136 raised stakes. 230.74 million shares or 2.50% less from 236.64 million shares in 2016Q3 were reported.

Tudor Invest Et Al owns 7,340 shares for 0.01% of their portfolio. Stoneridge Inv Partners Ltd has invested 0.61% in Goodyear Tire & Rubber Co (NASDAQ:GT). Gemmer Asset Mngmt Llc owns 181 shares. Canada Pension Plan Invest Board reported 2,200 shares. Moreover, Quantbot Ltd Partnership has 0.01% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 3,751 shares. Blackrock Fund Advsrs invested 0.03% in Goodyear Tire & Rubber Co (NASDAQ:GT). Tarbox Gru holds 0.01% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT) for 385 shares. Hartford Mngmt invested in 0.04% or 63,608 shares. State Street Corp reported 0.04% stake. Bank Of Ny Mellon holds 0.04% or 4.61M shares. Parametric Port Associates Limited Liability Corp reported 1.72M shares stake. Whitnell stated it has 15,000 shares. Pggm Investments invested in 0.03% or 179,381 shares. Pennsylvania-based Cim Invest Mangement has invested 0.29% in Goodyear Tire & Rubber Co (NASDAQ:GT). Washington Bankshares holds 2,681 shares.

Since February 14, 2017, it had 0 buys, and 5 insider sales for $1.73 million activity. On Tuesday, May 9 the insider McClellan Stephen R sold $220,766. Another trade for 4,721 shares valued at $174,137 was made by NOECHEL RICHARD J on Wednesday, March 15. On Tuesday, February 14 BIALOSKY DAVID L sold $891,985 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) or 25,000 shares.

Goodyear Tire \u0026 Rubber (NASDAQ:GT) Stock Upgrade

In an analyst note revealed on Tuesday morning, Jefferies announced that they have decided to upgrade shares of Goodyear Tire \u0026 Rubber (NASDAQ:GT) stock from a Hold to a Buy.

Investors sentiment increased to 0.88 in Q4 2016. Its up 0.15, from 0.73 in 2016Q3. It is positive, as 53 investors sold Goodyear Tire & Rubber Co shares while 163 reduced holdings. 53 funds opened positions while 136 raised stakes. 230.74 million shares or 2.50% less from 236.64 million shares in 2016Q3 were reported.

Tudor Invest Et Al owns 7,340 shares for 0.01% of their portfolio. Stoneridge Inv Partners Ltd has invested 0.61% in Goodyear Tire & Rubber Co (NASDAQ:GT). Gemmer Asset Mngmt Llc owns 181 shares. Canada Pension Plan Invest Board reported 2,200 shares. Moreover, Quantbot Ltd Partnership has 0.01% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 3,751 shares. Blackrock Fund Advsrs invested 0.03% in Goodyear Tire & Rubber Co (NASDAQ:GT). Tarbox Gru holds 0.01% of its portfolio in Goodyear Tire & Rubber Co (NASDAQ:GT) for 385 shares. Hartford Mngmt invested in 0.04% or 63,608 shares. State Street Corp reported 0.04% stake. Bank Of Ny Mellon holds 0.04% or 4.61M shares. Parametric Port Associates Limited Liability Corp reported 1.72M shares stake. Whitnell stated it has 15,000 shares. Pggm Investments invested in 0.03% or 179,381 shares. Pennsylvania-based Cim Invest Mangement has invested 0.29% in Goodyear Tire & Rubber Co (NASDAQ:GT). Washington Bankshares holds 2,681 shares.

Since February 14, 2017, it had 0 buys, and 5 insider sales for $1.73 million activity. On Tuesday, May 9 the insider McClellan Stephen R sold $220,766. Another trade for 4,721 shares valued at $174,137 was made by NOECHEL RICHARD J on Wednesday, March 15. On Tuesday, February 14 BIALOSKY DAVID L sold $891,985 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) or 25,000 shares.

Goodyear Tire & Rubber Co (NASDAQ:GT) Ratings Coverage

Among 7 analysts covering Goodyear Tire (NASDAQ:GT), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Goodyear Tire has $37 highest and $29 lowest target. $34.50’s average target is 3.17% above currents $33.44 stock price. Goodyear Tire had 13 analyst reports since October 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 14 by Standpoint Research. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) earned “Buy” rating by Jefferies on Tuesday, November 29. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has “Buy” rating given on Tuesday, November 10 by Argus Research. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) has “Buy” rating given on Tuesday, November 22 by Berenberg. Goldman Sachs downgraded the stock to “Neutral” rating in Thursday, March 30 report. The stock of Goodyear Tire & Rubber Co (NASDAQ:GT) earned “Hold” rating by Jefferies on Friday, February 24. As per Wednesday, March 30, the company rating was downgraded by Standpoint Research. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, April 7. The stock has “Hold” rating by Standpoint Research on Wednesday, October 28. The firm has “Hold” rating given on Wednesday, March 1 by Standpoint Research.

About 615,954 shares traded. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since June 20, 2016 and is uptrending. It has outperformed by 0.56% the S&P500.

Investors wait Goodyear Tire & Rubber Co (NASDAQ:GT) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.89 earnings per share, down $0.27 or 23.28 % from last year’s $1.16 same quarter earnings. This translates into $224.89M profit for GT giving the stock a 9.40 P/E. This is assuming the current $0.89 EPS is accurate. Goodyear Tire & Rubber Co’s Wall Street analysts see 20.27 % EPS growth, taking into account the $0.74 EPS reproted in the previous quarter,

The Goodyear Tire & Rubber Company is a maker of tires. The company has market cap of $8.45 billion. The Firm operates through three divisions. It has a 7.06 P/E ratio. The Americas segment develops, makes, distributes and sells tires and related services and products in North, Central and South America, and sells tires to various export markets.

More notable recent Goodyear Tire & Rubber Co (NASDAQ:GT) news were published by: Prnewswire.com which released: “Goodyear Launches Inaugural Week of Volunteering” on May 30, 2017, also Prnewswire.com with their article: “Global Aircraft Tire Market 2017-2021 with Bridgestone, Dunlop Aircraft Tyres …” published on May 29, 2017, Cnbc.com published: “Goodyear Tire to rally more than 60% on autonomous driving, Morgan Stanley says” on June 01, 2017. More interesting news about Goodyear Tire & Rubber Co (NASDAQ:GT) were released by: Crainscleveland.com and their article: “Goodyear moves German plant closing to July” published on May 23, 2017 as well as Prnewswire.com‘s news article titled: “Goodyear’s Inaugural Week of Volunteering Wraps with Marked Impact in Six …” with publication date: June 15, 2017.

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