Cooper Tire expects unit volume growth in the U.S to improve relative to the industry in the second quarter and be in line with the industry from the second half of the year. After $0.38 actual earnings per share reported by Carnival Corp for the previous quarter, Wall Street now forecasts 23.68% EPS growth. Moreover, Blackrock Institutional Na has 0.03% invested in Goodyear Tire & Rubber Co (NASDAQ:GT) for 7.45 million shares. The Adage Capital Partners Gp Llc holds 9.24 million shares with $285.39 million value, up from 8.47M last quarter. First quarter net sales were negatively impacted by $11 million of lower unit volume and $9 million of negative foreign currency impact, partially offset by $13 million of favorable price and mix, primarily due to net price increases related to higher raw material costs. Moreover, earnings surpassed the Zacks Consensus Estimate of 63 cents. Revenue inched up to $3.70 billion from $3.69 billion, below the FactSet consensus of $3.78 billion, as sales were flat in the Americas, declined slightly in the Europe, Middle East and Africa region and edged up in Asia Pacific. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company.
In Rubber & Plastics Industry, The Goodyear Tire & Rubber Company (GT) have 258.00 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Alyeska Investment Group L.P. now owns 3,567,198 shares of the company's stock worth $110,119,000 after buying an additional 727,727 shares during the period. Cooper Tire & Rubber Co's dividend payout ratio (DPR) is presently 9.86%.
During the reported quarter, Goodyear repurchased 0.7 million shares for $25 million under the previously announced $2.1 billion share repurchase program. The shares were sold at an average price of $40.37, for a total transaction of $566,835.17. Neuberger Berman Gp Limited holds 0.17% or 1.33 million shares in its portfolio. Finally, Franklin Resources Inc. acquired a new position in Goodyear Tire & Rubber Co during the fourth quarter worth $122,228,000.
Since December 1, 2016, it had 0 buys, and 7 insider sales for $6.88 million activity.
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.
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Alan Flake, a fetal surgeon at the Children's Hospital of Philadelphia shared that the study had been successful on a fetal lamb. Alan Flake , a fetal surgeon at Children's Hospital of Philadelphia who led the study , said in a press statement .
10/07/2016 - Cooper Tire & Rubber Company was downgraded to "hold" by analysts at Standpoint Research. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold.
Analyst recommendation for this stock stands at 2.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In terms of recent volatility, the average for the month is 2.15% and 1.50% for the past week. Janney Montgomery Scott Ltd Liability Company has invested 0% in Goodyear Tire & Rubber Co (NASDAQ:GT). If the $65.59 price target is reached, the company will be worth $2.70 billion more. Cooper Tire had 18 analyst reports since August 7, 2015 according to SRatingsIntel. Cooper Tire & Rubber Co has a 12-month low of $29.29 and a 12-month high of $44.50.
COPYRIGHT VIOLATION WARNING: "Goodyear Tire & Rubber Co (GT) Shares Bought by Financial Architects Inc" was originally reported by BBNS and is owned by of BBNS.
Now have a look at past performance (weekly performance to year to date performance) how The Goodyear Tire & Rubber Company (GT) has been moved; whether it performed well or not. NOECHEL RICHARD J sold $174,137 worth of Goodyear Tire & Rubber Co (NASDAQ:GT) on Wednesday, March 15.