The Goodyear Tire & Rubber Company (GT) Reaches $27.81 After 6.00% Down Move; Blackrock Municipal Bond Trust (BBK)’s Sentiment Is 1.33

April 17, 2018 - By Marguerite Chambers

The Goodyear Tire & Rubber Company (NASDAQ:GT) Logo

The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) is a huge mover today! The stock decreased 1.42% or $0.4 during the last trading session, reaching $27.81. About 3.11M shares traded or 1.21% up from the average. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since April 17, 2017 and is downtrending. It has underperformed by 37.28% the S&P500.The move comes after 9 months negative chart setup for the $6.69B company. It was reported on Apr, 17 by Barchart.com. We have $26.14 PT which if reached, will make NASDAQ:GT worth $401.28 million less.

Blackrock Municipal Bond Trust (BBK) investors sentiment decreased to 1.33 in 2017 Q4. It’s down -0.67, from 2 in 2017Q3. The ratio dived, as 16 investment managers opened new and increased positions, while 12 decreased and sold stakes in Blackrock Municipal Bond Trust. The investment managers in our database now hold: 821,052 shares, down from 924,581 shares in 2017Q3. Also, the number of investment managers holding Blackrock Municipal Bond Trust in top ten positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 5 Increased: 9 New Position: 7.

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, makes, distributes, and sells tires and related services and products worldwide. The company has market cap of $6.69 billion. 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 brand names, as well as under the private-label brands. It has a 20.3 P/E ratio. The firm also retreads truck, aviation, and off-the-road tires; makes and sells tread rubber and other tire retreading materials; makes and markets rubber-related chemicals; and provides automotive repair services, and miscellaneous other services and products, as well as sells natural rubber products.

Among 13 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Goodyear Tire has $5200 highest and $2900 lowest target. $35.82’s average target is 28.80% above currents $27.81 stock price. Goodyear Tire had 35 analyst reports since October 28, 2015 according to SRatingsIntel. On Friday, February 9 the stock rating was maintained by Guggenheim with “Hold”. On Tuesday, November 29 the stock rating was initiated by Jefferies with “Buy”. CLSA initiated the shares of GT in report on Wednesday, June 21 with “Buy” rating. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has “Buy” rating given on Monday, August 7 by Jefferies. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has “Overweight” rating given on Thursday, March 22 by Morgan Stanley. The rating was maintained by Argus Research with “Buy” on Tuesday, November 10. The rating was downgraded by Standpoint Research to “Hold” on Wednesday, March 1. On Monday, October 30 the stock rating was maintained by JP Morgan with “Overweight”. On Wednesday, November 1 the stock rating was downgraded by Guggenheim to “Neutral”. Morgan Stanley maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) on Friday, July 28 with “Buy” rating.

Investors sentiment decreased to 0.75 in 2017 Q4. Its down 0.29, from 1.04 in 2017Q3. It dropped, as 41 investors sold The Goodyear Tire & Rubber Company shares while 163 reduced holdings. 40 funds opened positions while 112 raised stakes. 211.29 million shares or 6.62% less from 226.27 million shares in 2017Q3 were reported. Ftb Advsrs invested in 187 shares. Fruth Invest reported 0.29% stake. Goldman Sachs Gru Incorporated holds 2.16 million shares. 2 are owned by Endurance Wealth Mgmt. 127,595 were reported by Voya Investment Management Limited Liability Corp. Reilly Advsr Limited Liability has invested 0% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Commonwealth Financial Bank Of Aus has 59,730 shares. Caisse De Depot Et Placement Du Quebec reported 0.01% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). Old Mutual Customised Solutions (Proprietary) Limited holds 9,100 shares or 0.03% of its portfolio. Swiss National Bank & Trust accumulated 0.03% or 927,600 shares. Advisors Asset Mngmt reported 0.01% stake. Thrivent For Lutherans has invested 0% of its portfolio in The Goodyear Tire & Rubber Company (NASDAQ:GT). Kbc Grp Incorporated Nv holds 90,265 shares or 0.02% of its portfolio. The New Jersey-based Nuwave Inv Management Ltd Co has invested 0% in The Goodyear Tire & Rubber Company (NASDAQ:GT). Salem Mngmt reported 137,850 shares.

Analysts await The Goodyear Tire & Rubber Company (NASDAQ:GT) to report earnings on April, 25 before the open. They expect $0.44 earnings per share, down 40.54% or $0.30 from last year’s $0.74 per share. GT’s profit will be $105.82M for 15.80 P/E if the $0.44 EPS becomes a reality. After $0.99 actual earnings per share reported by The Goodyear Tire & Rubber Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

The Goodyear Tire & Rubber Company (NASDAQ:GT) Institutional Positions Chart

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By1 Marguerite Chambers

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