Goodyear Tire Rubber (NASDAQ:GT) shares traded 1.65% up during most recent session to reach at the closing price of $23.36. The stock exchanged hands 2.64 Million shares versus average trading capacity of 3.21 Million shares, yielding a market cap of $5.58 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $25.5 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Goodyear Tire Rubber (NASDAQ:GT) high price target of $32 and with a conservative view have low price target of $21.
Berenberg “Downgrades” Goodyear Tire Rubber (NASDAQ:GT) in a research note issued to investors on 8/31/18 to Hold with price target of $0.
Additionally on 8/13/18 Morgan Stanley “Downgrades” Goodyear Tire Rubber (NASDAQ:GT) to Equal-Weight setting price target at $23 and on 7/30/18 Citigroup “Maintained” the stock to Neutral at $24. Furthermore on 7/17/18 Goldman Sachs “Downgrades” the stock to Sell at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 49.92 along with Average True Range (ATR 14) of 0.68, Consequently Goodyear Tire Rubber (NASDAQ:GT)’s weekly and monthly volatility is 2.56%, 2.65% respectively. The company’s beta value is at 1.66.
In terms of Buy, Sell or Hold recommendations, Goodyear Tire Rubber (NASDAQ:GT) has analysts’ mean recommendation of 2.4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Goodyear Tire Rubber (NASDAQ:GT)’s minimum EPS for the current quarter is at $0.62 and can go high up to $0.81. The consensus mean EPS for the current quarter is at $0.75 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.7 earnings per share for the same quarter during last year.
Previously Goodyear Tire Rubber (NASDAQ:GT) reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company posted an earnings surprise of 1.6%.
Goodyear Tire Rubber (NASDAQ:GT)’s revenue estimates for the current quarter are $3.98 Billion according to 5 number of analysts, for the current quarter the company has high revenue estimates of $4.02 Billion in contradiction of low revenue estimates of $3.91 Billion. For the current year the company’s revenue estimates are $15.73 Billion compared to low analyst estimates of $15.49 Billion and high estimates of $15.91 Billion according to 8 number of analysts.
Currently Goodyear Tire Rubber (NASDAQ:GT)’s shares owned by insiders are 0.33%, whereas shares owned by institutional owners are 93.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.38%.
Goodyear Tire Rubber (NASDAQ:GT)’s trailing twelve month revenues are $15.66 Billion, whereas its price to sales ratio for the same period is 0.36. Its book value per share for the most recent quarter is $19.4 while its price to book ratio for the same period is 1.2, as for as the company’s cash per share for the most recent quarter is $4.08, however its price to cash per share ratio for the same period is 5.73. The stock has 5 year expected PEG ratio of 1.58 whereas its trailing twelve month P/E ratio is 10.22.