The Goodyear Tire & Rubber Comp – Consensus Indicates Potential -.3% Downside

Broker Ratings

The Goodyear Tire & Rubber Comp with ticker code (GT) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 20 and 6 with the average target price sitting at 11.06. Now with the previous closing price of 11.09 this would imply there is a potential downside of -.3%. The day 50 moving average is 10.11 and the 200 day moving average is 9.38. The company has a market cap of $2,499m. Visit the company website at: http://www.goodyear.com

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. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,000 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was founded in 1898 and is headquartered in Akron, Ohio.

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