The Goodyear Tire & Rubber (NASDAQ:GT) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also commented on the company. Morgan Stanley reaffirmed a “buy” rating and set a $46.00 price target on shares of The Goodyear Tire & Rubber in a research report on Monday, September 11th. Guggenheim lowered The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $37.00 price target on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. J P Morgan Chase & Co lowered their price target on The Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 30th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $36.00 price target on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.70.

Shares of The Goodyear Tire & Rubber (NASDAQ:GT) opened at $32.12 on Friday. The Goodyear Tire & Rubber has a 52 week low of $28.81 and a 52 week high of $37.20. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $7,930.00, a PE ratio of 10.26, a PEG ratio of 0.89 and a beta of 1.51.

The Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The Goodyear Tire & Rubber’s revenue for the quarter was up 1.9% on a year-over-year basis. analysts expect that The Goodyear Tire & Rubber will post 2.88 earnings per share for the current year.

In related news, insider Jean Claude Kihn sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $33.26, for a total value of $249,450.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 22,500 shares of company stock worth $721,725 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. boosted its stake in The Goodyear Tire & Rubber by 143.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,557 shares of the company’s stock valued at $152,000 after purchasing an additional 2,682 shares during the last quarter. Shell Asset Management Co. lifted its holdings in shares of The Goodyear Tire & Rubber by 100.3% during the 3rd quarter. Shell Asset Management Co. now owns 98,801 shares of the company’s stock valued at $2,231,000 after buying an additional 49,484 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of The Goodyear Tire & Rubber by 5.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,228,322 shares of the company’s stock valued at $42,943,000 after buying an additional 62,499 shares during the period. Prudential Financial Inc. lifted its holdings in shares of The Goodyear Tire & Rubber by 47.0% during the 2nd quarter. Prudential Financial Inc. now owns 976,079 shares of the company’s stock valued at $34,124,000 after buying an additional 312,298 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of The Goodyear Tire & Rubber by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 1,349,022 shares of the company’s stock valued at $47,164,000 after buying an additional 20,952 shares during the period. Institutional investors own 94.75% of the company’s stock.

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The Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Analyst Recommendations for The Goodyear Tire & Rubber (NASDAQ:GT)

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