Finally, analysts at Goldman Sachs downgraded shares of Cooper Tire & Rubber Co from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $37.00 to $33.00 in a research note on Wednesday, May 6th. 3 analysts have added the shares in their list of strong buys.
For the quarter, net income dropped to $192 million, or 70 cents a share compared with $213 million or 76 cents a share for the same period the prior year.
A number of brokerages recently weighed in on GT. Credit Agricole cut shares of Goodyear Tire & Rubber Co from a “buy” rating to an “underperform” rating in a report on Wednesday, June 10th. Analysts at Deutsche Bank initiated coverage on shares of Cooper Tire & Rubber Co in a research note on Friday, June 26th.
Company has received recommendation from many analysts.
Goodyear Tire & Rubber Co(NASDAQ:GT) informed record fallouts for the second quarter of 2015.
In addition to historic fundamentals, investors often turn to Wall Street analysts to help determine the direction of a stock. Previously, the company had a rating of Buy. The firm’s revenue was down 10.4% on a year-over-year basis. During last 3 month period, 0.82% of total institutional ownership has changed in the company shares. The stock ended up at $30.16. The shares were sold at an average price of $31.43, for a total transaction of $693,942.97. Now the company Insiders own 0.4% of The Goodyear Tire & Rubber Company Company shares.
July 29, 2015 – (TechSonian) -EquityObserver.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers. The daily volume was measured at 6,816,984 shares. The company has a market cap of $7.83 billion and a P/E ratio of 3.03. The Company, together with subsidiaries and joint ventures, develops, manufactures, markets and distributes tires for a range of applications. The Company is an operator of commercial truck service and tire retreading centers. The distribution channels and customers include independent tire dealers, wholesale distributors, regional and national retail tire chains, and retail chains that sell tires, as well as other automotive products. The Company manufactures its products in 52 manufacturing facilities in 22 countries, including the United States.
The company took a $401 million hit to its sales, suggesting that the strengthening dollar rather than a slower China economy is now a big issue for U.S. auto-parts makers as they attempt to manage their businesses through the second half of the year.
