Analysts take a look at The Goodyear Tire & Rubber Company (NASDAQ:GT) having this to say.

May 18, 2018 - By Julie Dion

The Goodyear Tire & Rubber Company (NASDAQ:GT) LogoInvestors sentiment decreased to 0.75 in Q4 2017. Its down 0.29, from 1.04 in 2017Q3. It turned negative, as 41 investors sold The Goodyear Tire & Rubber Company shares while 163 reduced holdings. 40 funds opened positions while 112 raised stakes. 211.29 million shares or 6.62% less from 226.27 million shares in 2017Q3 were reported.
Employees Retirement Of Texas, Texas-based fund reported 147,000 shares. James Inv Rech Incorporated reported 87,433 shares or 0.1% of all its holdings. Cambridge Inv Rech reported 12,627 shares stake. Pnc Fin Services Gru has invested 0% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Jpmorgan Chase invested in 681,589 shares or 0% of the stock. 8,035 were accumulated by Parsons Capital Mngmt Inc Ri. Voya Invest Mgmt Lc has invested 0.01% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). Hsbc Public Ltd Com holds 1.03M shares. Moreover, Argi Invest Ltd Limited Liability Company has 0.04% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT). Arizona State Retirement System reported 0.04% stake. Brandywine Mngmt Limited Liability Corporation holds 0.65% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 3.37 million shares. 589,384 are held by Credit Suisse Ag. Cleararc holds 0.03% or 6,281 shares in its portfolio. Franklin Resource reported 4.71M shares. New York State Teachers Retirement Systems reported 0.04% stake.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Ratings Coverage

Among 5 analysts covering GoodYear Tire (NASDAQ:GT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. GoodYear Tire had 10 analyst reports since December 19, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Friday, February 9 by Guggenheim. As per Thursday, March 22, the company rating was maintained by Morgan Stanley. The rating was maintained by Guggenheim on Monday, January 8 with “Hold”. The stock has “Buy” rating by Jefferies on Tuesday, December 19. JP Morgan maintained the shares of GT in report on Thursday, April 26 with “Overweight” rating. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) earned “Buy” rating by Jefferies on Wednesday, April 4. The firm earned “Buy” rating on Sunday, January 28 by Jefferies. Guggenheim maintained it with “Hold” rating and $3000 target in Thursday, April 19 report. Below is a list of The Goodyear Tire & Rubber Company (NASDAQ:GT) latest ratings and price target changes.

26/04/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $37 New Target: $36 Maintain
19/04/2018 Broker: Guggenheim Rating: Hold New Target: $30.0000 Maintain
17/04/2018 Broker: Longbow Rating: Hold
04/04/2018 Broker: Jefferies Rating: Buy New Target: $38.0000 Maintain
22/03/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $43 New Target: $34 Maintain
09/02/2018 Broker: Guggenheim Rating: Hold New Target: $32.0 Maintain
31/01/2018 Broker: Longbow Rating: Neutral Initiates Coverage On
28/01/2018 Broker: Jefferies Rating: Buy New Target: $42.0 Maintain
08/01/2018 Broker: Guggenheim Rating: Hold New Target: $31.0 Maintain
19/12/2017 Broker: Jefferies Rating: Buy New Target: $36.0 Maintain

The stock decreased 0.42% or $0.11 during the last trading session, reaching $26.21. About 79,894 shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since May 18, 2017 and is downtrending. It has underperformed by 37.28% the S&P500.

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, makes, distributes, and sells tires and related services and products worldwide. The company has market cap of $6.29 billion. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brand names, as well as under the private-label brands. It has a 19.13 P/E ratio. The firm also retreads truck, aviation, and off-the-road tires; makes and sells tread rubber and other tire retreading materials; makes and markets rubber-related chemicals; and provides automotive repair services, and miscellaneous other services and products, as well as sells natural rubber products.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Institutional Positions Chart

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