News headlines about Goodyear Tire and Rubber (NASDAQ:GT) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Goodyear Tire and Rubber earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.8811622170752 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Jefferies Group Upgrades Goodyear Tire and Rubber (GT) to Buy (americanbankingnews.com)
- Is a Beat in Cards for Goodyear (GT) This Earnings Season? (finance.yahoo.com)
- FY2018 EPS Estimates for Goodyear Tire and Rubber Lowered by Jefferies Group (GT) (americanbankingnews.com)
- Analyst rating score for The Goodyear Tire & Rubber Company (GT) stands at 2.20 (nasdaqfortune.com)
- Unconventional Volume of Stocks The Goodyear Tire & Rubber Company’s (GT) (getstocksnews.com)
Shares of Goodyear Tire and Rubber stock traded up $0.06 during trading on Friday, reaching $27.01. The company’s stock had a trading volume of 2,974,263 shares, compared to its average volume of 2,872,818. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.21 and a quick ratio of 0.66. The stock has a market capitalization of $6,480.91, a price-to-earnings ratio of 8.66 and a beta of 1.79. Goodyear Tire and Rubber has a 1-year low of $25.88 and a 1-year high of $36.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 1st will be given a $0.14 dividend. The ex-dividend date is Monday, April 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.07%. Goodyear Tire and Rubber’s payout ratio is 17.95%.
Several analysts have issued reports on the company. Longbow Research reaffirmed a “hold” rating on shares of Goodyear Tire and Rubber in a research report on Tuesday. Jefferies Group set a $38.00 target price on Goodyear Tire and Rubber and gave the company a “buy” rating in a research report on Wednesday, April 4th. ValuEngine cut Goodyear Tire and Rubber from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Morgan Stanley dropped their target price on Goodyear Tire and Rubber from $43.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 22nd. Finally, BidaskClub cut Goodyear Tire and Rubber from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.30.
About Goodyear Tire and Rubber
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircrafts, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications under the Goodyear, Dunlop, Kelly, Debica, Sava, Fulda, and various other Goodyear owned house brands, as well as under the private-label brands.
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