Is The Goodyear Tire & Rubber Company (GT) Buy Now?

FBR & Co lifted their price target on shares of Cooper Tire & Rubber Co from $48.00 to $53.00 and gave the company an "outperform" rating in a research note on Thursday, March 23rd.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of The Goodyear Tire & Rubber Company (NASDAQ:GT). Jefferies Group LLC lowered shares of Goodyear Tire & Rubber Co from a "buy" rating to a "hold" rating and set a $38.00 price objective for the a report on Friday, February 24th. The company has grown 17.98% in past 3 months and in the last five trades has moved up 3.93%. Also, the current price highlights a discount of 123.21% to analysts' high consensus price target.

Shares of Cooper Tire & Rubber Co (NYSE:CTB) traded down 1.83% on Tuesday, reaching $42.85. The company has also changed its organizational structure which is expected to help boost sales. The stock has a 52-week highest price of $37.20 and its 52-week lowest price was called at $24.31.

The stock's 50 day moving average is 35.62 and its 200 day moving average is 32.65. The stock's market capitalization is 8.77B.

09/06/2016 - The Goodyear Tire & Rubber Company was upgraded to "buy" by analysts at Deutsche Bank. The same analysts are predicting that the company shares will trade to $18.48 within the next 12-18 months. The business had revenue of $783.89 million for the quarter, compared to the consensus estimate of $767.36 million. Goodyear Tire & Rubber Co's dividend payout ratio is now 8.40%. In contrast to the year ago quarter EPS was at 1.19.

Growth in earnings per share is everything.

The Goodyear Tire & Rubber Company (GT) reported sales (ttm) of 15.16 Billion, whereas, 5 number of analysts estimated the mean sale of 4049.4 million. Ardsley Advisory Partners acquired a new stake in shares of Goodyear Tire & Rubber Co during the third quarter worth $226,000. If you are viewing this news story on another domain, it was copied illegally and republished in violation of global copyright and trademark legislation. The legal version of this piece can be accessed at Stockholders of record on Wednesday, February 1st will be paid a dividend of $0.10 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, January 30th. Cooper Tire & Rubber Co's payout ratio is now 9.86%.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in shares of Cooper Tire & Rubber Co by 9.0% in the fourth quarter. EPS breaks down the profitability of the company on a single share basis. Horrell Capital Management Inc. raised its stake in Cooper Tire & Rubber Co by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company's stock worth $1,209,000 after buying an additional 100 shares during the last quarter.

Cooper Tire & Rubber Co (NYSE:CTB) last posted its earnings results on Friday, February 17th. The overall volume in the last trading session was 3.77 million shares, versus the average volume of 2.53 million shares. ILLEGAL ACTIVITY NOTICE: "FY2017 EPS Estimates for Cooper Tire & Rubber Co Lifted by Northcoast Research (CTB)" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem.

The counter witnessed a trading volume of 0.12 million shares versus an average volume of 0.08 million shares during last trading session.