Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Goodyear Tire & Rubber (GT) Stock Price
News stories about Goodyear Tire & Rubber (NASDAQ:GT) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.298476978575 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Argus Cuts Goodyear Tire & Rubber (GT) Price Target to $30.00 (americanbankingnews.com)
- Edited Transcript of GT earnings conference call or presentation 27-Jul-18 1:00pm GMT (finance.yahoo.com)
- Tire Pricing Strategy: Why You Shouldn’t Play the Match Game (moderntiredealer.com)
- Ruth Bader Ginsburg: She’s Come a Long Way, Baby! (law.com)
- ISM services index in July falls to 11-month low (marketwatch.com)
Goodyear Tire & Rubber stock opened at $25.02 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 8.02 and a beta of 1.65. Goodyear Tire & Rubber has a 52 week low of $20.75 and a 52 week high of $36.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 1st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, July 31st. Goodyear Tire & Rubber’s dividend payout ratio is currently 17.95%.
Several analysts recently commented on the company. Longbow Research reaffirmed a “hold” rating on shares of Goodyear Tire & Rubber in a research note on Tuesday, April 17th. JPMorgan Chase & Co. decreased their price target on Goodyear Tire & Rubber from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, April 26th. ValuEngine lowered Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Argus reaffirmed a “buy” rating and issued a $36.00 price target on shares of Goodyear Tire & Rubber in a research note on Tuesday, May 8th. Finally, BidaskClub lowered Goodyear Tire & Rubber from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Goodyear Tire & Rubber presently has a consensus rating of “Hold” and a consensus target price of $31.50.
About Goodyear Tire & Rubber
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. 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 brands, as well as under the private-label brands.
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