Goodyear Tire profit falls 9.8 pct

Stephen R. Mcclellan Sells 6250 Shares of Goodyear Tire & Rubber Co (GT) Stock

In Consumer Goods sector, shares of The Goodyear Tire & Rubber Company (GT) were valued at $35.45 and moved -1.01% as of a recent closing trade. Following the transaction, the insider now owns 90,599 shares of the company's stock, valued at $3,193,614.75. The stock was sold at an average price of $36.89, for a total value of $174,157.69. About 1.11M shares traded. The stock touched its high share price of $37.20 on 03/16/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 07/06/16 as $24.10. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

The results topped Wall Street expectations.

Revenue for the Akron, Ohio-based company was almost flat at $3.7 billion.

02/18/2014 - Cooper Tire & Rubber Company was upgraded to "buy" by analysts at Ned Davis Research.

Cash flow from operations amounted to $286 million in first-quarter 2017 compared with $372 million in the year-ago period. During the same quarter previous year, the firm posted $0.72 earnings per share. Equities research analysts forecast that Goodyear Tire & Rubber Co will post $3.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, May 1st will be given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. The Shareholder Yield of Cooper Tire & Rubber Company (NYSE:CTB) is 0.055601. Zacks Investment Research raised shares of Cooper Tire & Rubber Co from a "hold" rating to a "buy" rating and set a $49.00 target price for the company in a report on Tuesday.

10/07/2016 - Cooper Tire & Rubber Company was downgraded to "hold" by analysts at Standpoint Research.

Goodyear Tire & Rubber Co (NASDAQ:GT), after opening at $35.16, closed at $35.45 by scoring -1.01%.

5 analysts polled by Zacks Research now have a mean target price of $47.4 on Cooper Tire & Rubber Company (NYSE:CTB).

Finally, from a technical perspective, there's a strong possibility that the stock could enter into a new bull market after finding strong support between $34.3 and $34.87.

First quarter net sales were $643 million, a decrease of 1 percent compared with $650 million in the first quarter of 2016. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & global copyright & trademark law. Cooper Tire & Rubber Co's dividend payout ratio (DPR) is presently 9.86%. It indicates oversold and overbought price levels for a stock. The stock was sold at an average price of $40.37, for a total value of $566,835.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Hbk Invests Limited Partnership holds 0.03% or 505,000 shares. Janney Montgomery Scott Ltd Liability Company has invested 0% in Goodyear Tire & Rubber Co (NASDAQ:GT). Cooper Tire had 18 analyst reports since August 7, 2015 according to SRatingsIntel. For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. Mn Services Vermogensbeheer B.V. now owns 6,962 shares of the company's stock worth $234,000 after buying an additional 286 shares in the last quarter.

Among 8 analysts covering Cooper Tire (NYSE:CTB), 3 have Buy rating, 0 Sell and 5 Hold. The Firm operates through three divisions. Operating profit was negatively impacted by unit volume decline in North America, as well as volatile raw material costs and product pricing environment.

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