The Goodyear Tire & Rubber Company (NASDAQ:GT) has been given a $36.00 price target by investment analysts at Jefferies Group LLC in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 15.38% from the stock’s current price.

GT has been the topic of several other research reports. Deutsche Bank AG downgraded The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a report on Friday, July 28th. Morgan Stanley set a $52.00 price objective on The Goodyear Tire & Rubber and gave the company a “buy” rating in a report on Friday, July 28th. BidaskClub downgraded The Goodyear Tire & Rubber from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine downgraded The Goodyear Tire & Rubber from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded The Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The Goodyear Tire & Rubber presently has an average rating of “Hold” and an average price target of $38.10.

The Goodyear Tire & Rubber (NASDAQ:GT) opened at 31.20 on Monday. The stock’s 50 day moving average price is $34.76 and its 200-day moving average price is $34.52. The Goodyear Tire & Rubber has a 52-week low of $26.82 and a 52-week high of $37.20. The company has a market cap of $7.86 billion, a P/E ratio of 6.80 and a beta of 1.53.

The Goodyear Tire & Rubber (NASDAQ:GT) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.70 billion. The Goodyear Tire & Rubber had a net margin of 7.95% and a return on equity of 18.94%. The Goodyear Tire & Rubber’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, equities analysts predict that The Goodyear Tire & Rubber will post $3.11 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/07/jefferies-group-llc-analysts-give-the-goodyear-tire-rubber-company-gt-a-36-00-price-target.html.

In related news, insider Stephen R. Mcclellan sold 6,250 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $35.46, for a total transaction of $221,625.00. Following the completion of the transaction, the insider now directly owns 71,849 shares of the company’s stock, valued at approximately $2,547,765.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 18,750 shares of company stock valued at $662,938 over the last three months. 1.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GT. State Board of Administration of Florida Retirement System boosted its position in The Goodyear Tire & Rubber by 1.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 394,056 shares of the company’s stock valued at $13,776,000 after buying an additional 6,329 shares in the last quarter. Evercore Trust Company N.A. boosted its position in The Goodyear Tire & Rubber by 2.2% in the second quarter. Evercore Trust Company N.A. now owns 3,253,477 shares of the company’s stock valued at $113,742,000 after buying an additional 70,480 shares in the last quarter. Legal & General Group Plc boosted its position in The Goodyear Tire & Rubber by 1.6% in the second quarter. Legal & General Group Plc now owns 1,349,022 shares of the company’s stock valued at $47,164,000 after buying an additional 20,952 shares in the last quarter. Bar Harbor Trust Services boosted its position in The Goodyear Tire & Rubber by 0.4% in the second quarter. Bar Harbor Trust Services now owns 121,503 shares of the company’s stock valued at $4,246,000 after buying an additional 424 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in The Goodyear Tire & Rubber by 15.9% in the second quarter. Bank of New York Mellon Corp now owns 6,202,190 shares of the company’s stock valued at $216,826,000 after buying an additional 852,947 shares in the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for The Goodyear Tire & Rubber (NASDAQ:GT)

Receive News & Ratings for The Goodyear Tire & Rubber Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goodyear Tire & Rubber Company and related companies with MarketBeat.com's FREE daily email newsletter.