Comerica Bank Sells 412 Shares of Goodyear Tire & Rubber Co (GT)
- Author: Arturo Norris Mar 17, 2017,
Mar 17, 2017, 2:09
Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) have seen a consistent move higher lately. They issued a "buy" rating and a $36.00 price objective on the stock. The institutional investor owned 65,900 shares of the company's stock after selling 412 shares during the period. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Northstar holds 0.15% in Goodyear Tire & Rubber Co (NASDAQ:GT) or 7,135 shares. The stock was trading on below-average volume. On average, analysts forecast that Goodyear Tire & Rubber Co will post $3.97 EPS for the current year. The company has a market cap of $9.16 billion, a P/E ratio of 7.68 and a beta of 1.42. While looking at Price-To-Book Ratio or P/B Ratio, company has a price-to-book ratio of 3.98, compared to an industry average at 7.97.
Many Analysts provided their foresight on Revenue Estimates of The Goodyear Tire & Rubber Company where they believe that the company has the potential to earn average revenue of $3.84 Billion for the current quarter. The analyst recommendations from a month ago are 6 Buy, 0 Overweight, 0 Sell, 5 Hold and 0 Underweight. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.87 billion. The firm's revenue was up 1.1% compared to the same quarter previous year.
Cooper Tire & Rubber Co (NYSE:CTB) opened at 43.65 on Thursday. Shareholders of record on Thursday, March 2nd will be paid a dividend of $0.105 per share.
The Average Volume of the company is 1.96 Million, while the Relative Volume of the company is 0.67. Goodyear Tire & Rubber Co's dividend payout ratio (DPR) is presently 8.40%.
10/07/2016 - Cooper Tire & Rubber Company was downgraded to "hold" by analysts at Standpoint Research. The stock gained a consensus recommendation of 1.86 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. Ladenburg Thalmann Financial Services Inc.'s holdings in Goodyear Tire & Rubber Co were worth $298,000 as of its most recent filing with the SEC. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. Finally, KeyCorp assumed coverage on Cooper Tire & Rubber Co in a research note on Wednesday, November 16th. The highest and lowest price target given by the brokerage firms to the equity are $60 and $14, respectively.
Several analysts have recently commented on the stock. The company has a consensus rating of "Buy" and a consensus target price of $34.76.
Growth Estimate for The Goodyear Tire & Rubber Company (NASDAQ:GT) is projected at -12.5 percent in the Current Quarter and -22.4 percent in the Next Quarter, according to analysts. GHP Investment Advisors Inc. increased its position in shares of Cooper Tire & Rubber Co by 1.5% in the third quarter. Envestnet Asset Management Inc. now owns 3,912 shares of the company's stock valued at $152,000 after buying an additional 323 shares during the period.
On 10/27/2016 Cooper Tire & Rubber Co announced a quarterly dividend of $0.11 1.22% with an ex dividend date of 11/30/2016 which will be payable on 12/29/2016. Moreover, Stephens Investment Management Group Llc has 1.15% invested in the company for 478,600 shares. Diligent Investors LLC bought a new position in Goodyear Tire & Rubber Co during the fourth quarter worth approximately $205,000. Acrospire Investment Management LLC now owns 4,700 shares of the company's stock valued at $179,000 after buying an additional 1,200 shares during the period.
Other hedge funds have also recently added to or reduced their stakes in the company. A the time of writing, Cooper Tire & Rubber Company (NYSE:CTB) has a Q.i. score of 8.00000. The Firm operates through five divisions: domestic Company-owned restaurants, North America commissaries, North America franchising, worldwide activities and all other business units.