The Goodyear Tire & Rubber Company (NASDAQ:GT): Are Traders Shorting This Stock?

27 April, 2018, 00:47 | Author: Gregory Stephens
  • U.S. stocks mostly fall in wobbly trading bond yields keep rising

Goodyear Tire and Rubber (NASDAQ:GT)'s share price reached a new 52-week high and low during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The 9 months bearish chart indicates high risk for the $1.40B company. Our target is $25.71.

CMCSA now trades at a forward P/E of 12.33, a P/B of 2.26, and a P/S of 1.84 while GT trades at a forward P/E of 6.18, a P/B of 1.42, and a P/S of 0.42. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000.

Shares of Goodyear Tire and Rubber closed the previous trading session at 26.14 down -0.73 2.72% with 26.5 shares trading hands. The stock's 50-day moving average price is $37.96 and its 200-day moving average price is $39.22.

Sawgrass Asset Management Llc increased Expeditors Intl Wash Com (NASDAQ:EXPD) stake by 18,255 shares to 837,637 valued at $54.19M in 2017Q4. Td Asset Mngmt owns 73,394 shares. The shares now trade at $26.87 and have been able to report a change of -3.41% over the past one week.

On 12/1/2017 Jean Claude Kihn, SVP, sold 7,500 with an average share price of $32.12 per share and the total transaction amounting to $240,900.00. Jane Street Group LLC now owns 46,454 shares of the company's stock worth $1,737,000 after acquiring an additional 34,049 shares in the last quarter. Ftb Advisors Incorporated reported 180 shares. $580,230 worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by MEISENBACH JOHN W. Sun Life Financial holds 539 shares or 0% of its portfolio. (1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Therefore 56% are positive. The rating was maintained by Morgan Stanley on Wednesday, January 31 with "Overweight". Jefferies has "Buy" rating and $42.0 target. Guggenheim maintained the stock with "Hold" rating in Wednesday, November 22 report. RBC Capital Markets has "Sector Perform" rating and $91 target. The firm owned 273,387 shares of the company's stock after buying an additional 48,309 shares during the quarter. The firm has "Buy" rating given on Tuesday, December 19 by Jefferies. Insider investors hold stake of 0.70%. On Sunday, January 28 the stock rating was maintained by Jefferies with "Buy".

Investors sentiment increased to 1.05 in Q4 2017. That's change of 0.24, from 2017Q3's 0.81. The ratio dropped due to The Goodyear Tire & Rubber Company positioning: 41 sold and 163 reduced. 211.29 million shares or 6.62% less from 226.27 million shares in 2017Q3 were reported. Williams Jones And Assoc Ltd Co reported 444,995 shares.

TRADEMARK VIOLATION NOTICE: "Cooper Tire & Rubber (NYSE:CTB) Shares Bought by Deutsche Bank AG" was first published by Week Herald and is the sole property of of Week Herald. Bradley Foster And Sargent Ct has 445,604 shares for 1.5% of their portfolio. 84,361 were accumulated by California State Teachers Retirement Systems. Ameritas Inv Prtn Inc invested in 5,789 shares or 0.01% of the stock. Comerica Natl Bank has invested 0.04% in Cooper Tire & Rubber Company (NYSE:CTB). 237,980 were accumulated by Raymond James And Associate. Ww Asset Management holds 21,887 shares. Meeder Asset accumulated 24,803 shares. Janney Montgomery Scott Limited Com invested in 0.1% or 106,378 shares. 0 analysts call it Underweight, while 4 think it is Overweight. Gam Hldgs Ag invested in 6,743 shares or 0.01% of the stock. Laurion L P owns 0.01% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 61,219 shares.

The beta factor is 1.78.Volatility shows sense of how far the stock will fall if the market takes a dive and how high stock will rise if the bull starts to climb. The company operates through Americas Tire Operations and International Tire Operations segments. It has a 15.17 P/E ratio. The firm also retreads truck, aviation, and off-the-road tires; makes and sells tread rubber and other tire retreading materials; makes and markets rubber-related chemicals; and provides automotive and commercial truck maintenance and fix services, and miscellaneous other services and products, as well as sells natural rubber products.

Among 9 analysts covering Cooper Tire (NYSE:CTB), 5 have Buy rating, 0 Sell and 4 Hold. The stock now has a consensus rating of "Hold" and a consensus price target of $36.30.

Goodyear Tire and Rubber stock traded down $1.25 during mid-day trading on Wednesday, hitting $25.62. A rating of 1 or 2 would be indicating a Buy recommendation. On Thursday, March 30 the stock rating was downgraded by Goldman Sachs to "Neutral". Jefferies maintained Cooper Tire & Rubber Company (NYSE:CTB) on Friday, September 8 with "Hold" rating. The stock tapped a 52-week high of US$57.4 while the mean 12-month price target for the shares is US$58.64. (NYSE:NKE) rating on Thursday, March 23. BidaskClub lowered shares of Goodyear Tire and Rubber from a hold rating to a sell rating in a research note on Tuesday, February 27th. (NASDAQ:LPNT) has "Hold" rating given on Friday, October 27 by Cantor Fitzgerald.


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