Sunday, 17 December, 2017

Market Scan: Following Shares of Goodyear Tire Rubber (GT)

Bias Tire Image Source
Melinda Barton | 13 October, 2017, 05:05

Cooper Tire & Rubber Co (NYSE:CTB) has risen 15.20% since October 11, 2016 and is uptrending. It has underperformed by 1.50% the S&P500. (NYSE:MRK). Winfield Assocs owns 0.04% invested in Merck & Co., Inc. O Shaughnessy Asset Management LLC now owns 4,916 shares of the company's stock worth $191,000 after buying an additional 1,148 shares in the last quarter. The company shares sank -6.14% from their peak of $81.65 and now has a $49.29 billion market value of equity. Markel owns 58,000 shares or 0.13% of their USA portfolio. It is down 20.72% since October 12, 2016 and is uptrending. It has outperformed by 28.90% the S&P500.

Checking out some other company technical data, we have noted that Cooper Tire & Rubber Company (CTB) now has a 9 day raw stochastic value of 34.94%. Therefore 70% are positive. Cooper Tire had 24 analyst reports since August 7, 2015 according to SRatingsIntel. The company presently has a consensus rating of Buy and an average price target of $38.11. The stock has "Neutral" rating by Citigroup on Wednesday, June 21. The firm has "Hold" rating by Deutsche Bank given on Tuesday, November 3. The rating was maintained by Goldman Sachs with "Neutral" on Tuesday, May 3. The firm earned "Hold" rating on Friday, February 24 by Jefferies. Jefferies maintained it with "Hold" rating and $40.0 target in Friday, September 8 report. On Tuesday, November 22 the stock rating was initiated by Berenberg with "Buy". The stock's market capitalization is 8.31B, it has a 52-week low of 26.82 and a 52-week high of 37.20.

Interest in The Goodyear Tire & Rubber Company (NASDAQ:GT) has gathered pace in recent weeks as a result of the underlying changes in the state of insider activity. If you take a peek at Callaway Golf Company (NYSE:ELY), you may spot some reasons to watch the retail space for value. 56 funds opened positions while 158 raised stakes.

Traders might be following the technicals on shares of Goodyear Tire Rubber (GT). after a recent check, we have noticed that the PPOH level is now below zero. Oregon Employees Retirement Fund has 0.08% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). Franklin Res Inc invested 0.44% of its portfolio in Albemarle Corporation (NYSE:ALB). KDUS's SI was 13,300 shares in October as released by FINRA. Tarbox Family Office holds 0.01% or 385 shares in its portfolio. Stifel Nicolaus maintained Target Corporation (NYSE:TGT) on Monday, September 18 with "Hold" rating. Inv Centers Of America, North Dakota-based fund reported 5,869 shares. Beech Hill Advsrs reported 65,173 shares. Smithfield Tru Commerce accumulated 6,800 shares. Moreover, Sei Investments Comm has 0.01% invested in Cooper Tire & Rubber Co (NYSE:CTB). Brandywine Global Mngmt Ltd Liability holds 0.03% or 41,444 shares.

Investors sentiment increased to 1.25 in Q2 2017. It improved, as 47 investors sold GT shares while 141 reduced holdings. 101 funds opened positions while 392 raised stakes. 225.19 million shares or 2.30% less from 230.50 million shares in 2017Q1 were reported. Gould Asset Mgmt Ltd Co Ca holds 0.17% or 5,642 shares in its portfolio. Robeco Institutional Asset Management Bv invested in 135,051 shares. It also upped Usana Health Sciences Inc (NYSE:USNA) stake by 19,147 shares and now owns 78,603 shares. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. First National Bank Of Omaha reported 20,169 shares. Victory Cap invested in 37,029 shares. Usa Fincl Portformulas reported 30,985 shares or 0.79% of all its holdings. About 3.62M shares traded. The Average True Range is an investor tool used to measure stock volatility. Here we perceived that this stock is unhealthy for investors as it is getting smaller in last half year duration. It also reduced its holding in Discovery Communications C (NASDAQ:DISCK) by 29,795 shares in the quarter, leaving it with 31,956 shares, and cut its stake in Grainger W W (NYSE:GWW).

In the most updated research from a number of analysts on Wall Street, the company gets 5 Buys and 3 Sell among 22 analysts. Therefore 75% are positive.

A number of analysts have commented on the company. The company has market cap of $32.86 million. ValuEngine downgraded The Goodyear Tire & Rubber from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 28th. The stock of Merck & Co., Inc. The rating was maintained by Robert W. Baird with "Hold" on Monday, October 2. Jefferies has "Hold" rating and $59 target. KeyBanc Capital Markets upgraded the stock to "Overweight" rating in Thursday, April 7 report. The stock has "Buy" rating by Global Hunter Securities on Monday, September 28. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, March 1.

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