Goodyear Tire Rubber (NASDAQ:GT) shares traded -0.54% down during most recent session to reach at the closing price of $22.17. The stock exchanged hands 2.63 Million shares versus average trading capacity of 3.56 Million shares, yielding a market cap of $5.32 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $25.86 within the next 52-weeks. The mean target projections are based on 7 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 $31 and with a conservative view have low price target of $23.
Argus “Maintained” Goodyear Tire Rubber (NASDAQ:GT) in a research note issued to investors on 11/05/18 to Buy with price target of $26.
Additionally on 10/31/18 Argus “Maintained” Goodyear Tire Rubber (NASDAQ:GT) to Buy setting price target at $26 and on 8/31/18 Berenberg “Downgrades” the stock to Hold at $0. Furthermore on 8/13/18 Morgan Stanley “Downgrades” the stock to Equal-Weight at $23.
On the other hand the company has Relative Strength Index (RSI 14) of 55.28 along with Average True Range (ATR 14) of 0.9, Consequently Goodyear Tire Rubber (NASDAQ:GT)’s weekly and monthly volatility is 3.67%, 4.37% respectively. The company’s beta value is at 1.73.
In terms of Buy, Sell or Hold recommendations, Goodyear Tire Rubber (NASDAQ:GT) has analysts’ mean recommendation of 2.2. 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 $0.64 and can go high up to $0.86. The consensus mean EPS for the current quarter is at $0.75 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.99 earnings per share for the same quarter during last year.
Previously Goodyear Tire Rubber (NASDAQ:GT) reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $-0.07. The company posted an earnings surprise of -9.3%.
Goodyear Tire Rubber (NASDAQ:GT)’s revenue estimates for the current quarter are $4.14 Billion according to 4 number of analysts, for the current quarter the company has high revenue estimates of $4.25 Billion in contradiction of low revenue estimates of $4.04 Billion. For the current year the company’s revenue estimates are $15.7 Billion compared to low analyst estimates of $15.5 Billion and high estimates of $15.85 Billion according to 6 number of analysts.
Currently Goodyear Tire Rubber (NASDAQ:GT)’s shares owned by insiders are 0.33%, whereas shares owned by institutional owners are 93.8%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.64%.
Goodyear Tire Rubber (NASDAQ:GT)’s trailing twelve month revenues are $15.67 Billion, whereas its price to sales ratio for the same period is 0.34. Its book value per share for the most recent quarter is $19.4 while its price to book ratio for the same period is 1.14, as for as the company’s cash per share for the most recent quarter is $4.06, however its price to cash per share ratio for the same period is 5.46. The stock has 5 year expected PEG ratio of 1.05 whereas its trailing twelve month P/E ratio is 6.82.