Goodyear Tire & Rubber (GT) Getting Somewhat Critical Press Coverage, Analysis Shows

News articles about Goodyear Tire & Rubber (NASDAQ:GT) have been trending somewhat negative recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of -0.05 on Accern’s scale. Accern also assigned media stories about the company an impact score of 48.1576488820204 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Shares of Goodyear Tire & Rubber (GT) traded up $0.32 during mid-day trading on Friday, hitting $33.91. 4,295,100 shares of the stock were exchanged, compared to its average volume of 2,650,000. Goodyear Tire & Rubber has a 12 month low of $28.81 and a 12 month high of $37.20. The firm has a market capitalization of $8,350.00, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.72 and a beta of 1.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.37 and a quick ratio of 0.76.

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

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub upgraded shares of Goodyear Tire & Rubber from a “sell” rating to a “hold” rating in a research report on Saturday, October 21st. Citigroup lowered shares of Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and reduced their price target for the company from $38.00 to $36.00 in a research report on Monday, October 30th. JPMorgan Chase & Co. reduced their target price on shares of Goodyear Tire & Rubber from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 30th. Finally, Jefferies Group reiterated a “buy” rating and set a $36.00 target price on shares of Goodyear Tire & Rubber in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.70.

In other news, SVP Jean Claude Kihn sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $30.53, for a total transaction of $228,975.00. Following the transaction, the senior vice president now directly owns 59,348 shares in the company, valued at $1,811,894.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Goodyear Tire & Rubber (NASDAQ:GT)

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