In a report released today, Anthony Deem from Longbow Research upgraded GoodYear Tire (GT) to Hold. The company’s shares closed yesterday at $14.51, close to its 52-week low of $13.23.
According to TipRanks.com, Deem is ranked 0 out of 5 stars with an average return of -12.3% and a 26.7% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.
The word on The Street in general, suggests a Hold analyst consensus rating for GoodYear Tire with a $14.15 average price target, a -2.5% downside from current levels. In a report issued on June 4, Berenberg Bank also maintained a Hold rating on the stock with a $13.30 price target.
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The company has a one-year high of $25.82 and a one-year low of $13.23. Currently, GoodYear Tire has an average volume of 3.54M.
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Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires and related products and services worldwide. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications.
