Somewhat Positive News Coverage Somewhat Unlikely to Impact The Goodyear Tire & Rubber (GT) Stock Price

News articles about The Goodyear Tire & Rubber (NASDAQ:GT) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Goodyear Tire & Rubber earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.2571816916787 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

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

GT has been the subject of a number of recent analyst reports. Guggenheim lowered The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $37.00 price target on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. Zacks Investment Research raised The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 price target for the company in a research report on Monday, October 9th. Jefferies Group reissued a “buy” rating and issued a $36.00 target price on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. Finally, Citigroup lowered The Goodyear Tire & Rubber from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $36.00 in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.70.

Shares of The Goodyear Tire & Rubber (NASDAQ GT) traded up $0.16 during trading hours on Friday, hitting $31.46. The stock had a trading volume of 3,640,000 shares, compared to its average volume of 2,870,000. The Goodyear Tire & Rubber has a 12-month low of $28.81 and a 12-month high of $37.20. The company has a market cap of $7,790.00, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.87 and a beta of 1.52. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.37 and a quick ratio of 0.76.

The 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 consensus estimate of $0.67 by $0.03. The Goodyear Tire & Rubber had a return on equity of 15.88% and a net margin of 6.67%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company earned $1.17 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. analysts forecast that The Goodyear Tire & Rubber will post 2.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, October 31st. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The Goodyear Tire & Rubber’s dividend payout ratio (DPR) is 14.47%.

In related news, SVP Jean Claude Kihn sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $30.53, for a total transaction of $228,975.00. Following the completion of the transaction, the senior vice president now owns 59,348 shares of the company’s stock, valued at approximately $1,811,894.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 30,000 shares of company stock valued at $962,625. 1.40% of the stock is owned by corporate insiders.

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The 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 The Goodyear Tire & Rubber (NASDAQ:GT)

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