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Analysts See $0.53 EPS for The Goodyear Tire & Rubber Company (GT)

17 April 2018

Towle & Co who had been investing in Goodyear Tire & Rubber Co for a number of months, seems to be bullish on the $6.77B market cap company. Meanwhile the stock weekly performance was positive at 3.84%, which was down for the month at -0.71%. About 632,795 shares traded. GT underperformed the S&P500 by 37.28%.

In 2017Q4 SEC form is reported Seatown Holdings's holdings in Goodyear Tire & Rubr Co (GT) which was decreased by 45.47%. Gates Capital Management Inc bought 327,415 shares as the company's stock rose 4.56% while stock markets declined. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. Hexavest Inc. now owns 1,631,370 shares of the company's stock valued at $52,710,000 after buying an additional 648,313 shares in the last quarter. As close of recent trade, stock represents -23.22% move from 52-week high. It has outperformed by 7.88% the S&P500. A rating of 4 or 5 would specify a mean Sell opinion. MGM Resorts had 63 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has "Buy" rating by Morgan Stanley given on Friday, July 28. On Thursday, November 9 the firm has "Buy" rating given by KeyBanc Capital Markets. Cowen & Co maintained the stock with "Market Perform" rating in Wednesday, April 6 report. The company was upgraded on Wednesday, May 11 by Ladenburg Thalmann. (NASDAQ:CREE) rating on Monday, September 25. Its down 0.29, from 1.04 in 2017Q3. Now the institutional investor is holding 519,868 shares, compared to the 953,300 from the previous quarter.

The relative strength index (RSI)'s recent value positioned at 54.9. Apg Asset Nv stated it has 148,972 shares. Guggenheim Capital Limited Co reported 138,633 shares. New York-based New York State Common Retirement Fund has invested 0% in Valley National Bancorp (NYSE:VLY). Suntrust Banks has 10,150 shs. The company was downgraded on Thursday, March 30 by Goldman Sachs. Pictet Asset Mngmt accumulated 1.63 million shares or 0.24% of the stock. Fincl Service Corp holds 665 shares. Eqis Management Inc stated it has 0.01% of its portfolio in Valley National Bancorp (NYSE:VLY). 17,583 are owned by Ironwood Limited Liability Company. 36,274 are held by Credit Suisse Ag. Commonwealth Bancorporation Of Australia, Australia-based fund reported 59,730 shares. Shares are clocking price at $28.21 with change of 1.33%. They expect $0.45 EPS, up 662.50% or $0.53 from last year's $-0.08 per share. AWR's profit will be $12.49M for 39.51 P/E if the $0.34 EPS becomes a reality. After $0.99 actual EPS reported by The Goodyear Tire & Rubber Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth. It also reduced its holding in Jetblue Airways Corp (NASDAQ:JBLU) by 114,745 shares in the quarter, leaving it with 355,452 shares, and cut its stake in Discover Finl Svcs (NYSE:DFS).

Since January 29, 2018, it had 2 insider buys, and 0 sales for $68,558 activity. About 1.57M shares traded.

Investors sentiment decreased to 0.75 in 2017 Q4. Its down 0.29, from 1.04 in 2017Q3.

A number of large investors have recently added to or reduced their stakes in GT. Levin Capital Strategies L.P. purchased a new position in Goodyear Tire and Rubber in the fourth quarter worth $40,383,000. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.96 billion. Schroder Invest Mgmt Grp invested in 0.01% or 270,985 shares. Regent Investment Mngmt Limited Liability reported 0.19% in The Goodyear Tire & Rubber Company (NASDAQ:GT). (NASDAQ:FBIZ). Atwood & Palmer Inc owns 200 shares for 0% of their portfolio. To measure price-variation, we found BAX's volatility during a week at 1.69% and during a month it has been found around 2.08%. Brown Advisory Inc holds 10,113 shares. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.70 as current ratio and on the opponent side the debt to equity ratio was 0.56 and long-term debt to equity ratio also remained 0.53. Qs Ltd Liability reported 3,302 shares. Toronto Dominion Financial Bank holds 108,427 shares or 0.01% of its portfolio.

GT traded up $0.37 on Thursday, reaching $28.21. Diamond Hill Cap Mgmt has 1.13% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 7.00 million shs.

Among 13 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 55% are positive. Goodyear Tire had 34 analyst reports since October 28, 2015 according to SRatingsIntel. Guggenheim has "Hold" rating and $31.0 target. The rating was downgraded by Jefferies to "Hold" on Friday, February 24.

Today, Longbow Research reiterated its Hold rating on NASDAQ:GT - Goodyear Tire and Rubber (NASDAQ:GT). The firm earned "Buy" rating on Sunday, January 28 by Jefferies. On Monday, October 30 the firm has "Neutral" rating given by Citigroup.

Wilen Investment Management Corp decreased Goodyear Tire (GT) stake by 3.71% reported in 2017Q4 SEC filing. Argus Research has "Buy" rating and $37 target. Finally, BidaskClub downgraded Goodyear Tire and Rubber from a "hold" rating to a "sell" rating in a report on Tuesday, February 27th. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with "Hold".

Analysts See $0.53 EPS for The Goodyear Tire & Rubber Company (GT)