The shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) has been pegged with a rating of Underperform by Longbow in its latest research note that was published on February 11th, 2019. The research company has also assigned a $14 price target. Longbow wasn’t the only research firm that published a report of The Goodyear Tire & Rubber Company, with other equities research analysts also giving their opinion on the stock. Argus advised investors in its research note published on February 11th, 2019, to Hold the GT stock. The stock had earned Outperform rating from Wolfe Research when it published its report on October 2nd, 2018. The stock was given Hold rating by Berenberg in its report released on August 31st, 2018. Morgan Stanley was of a view that GT is Equal-Weight in its latest report on August 13th, 2018. Goldman thinks that GT is worth Sell rating. This was contained in the firm’s report on July 17th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $19.88. The price of the stock the last time has dropped by -0.43% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 23.16.
The shares of the company dipped by -4.06% during the trading session on Thursday, reaching a low of $15.93 while ending the day at $16.08. During the trading session, a total of 6.03 million shares were traded which represents a -52.29% decline from the average session volume which is 3.96M shares. GT had ended its last session trading at 16.76. The Goodyear Tire & Rubber Company currently has a market cap of $3.73B, while its P/E ratio stands at 6.87, while its P/E earnings growth sits at 0.24, with a beta of 1.52. The Goodyear Tire & Rubber Company debt-to-equity ratio currently stands at 1.35, while its quick ratio hovers at 0.70. GT 52-week low price stands at $16.15 while its 52-week high price is $26.53.
The company in its last quarterly report recorded $0.19 earnings per share which is above the $0.06 predicted by most analysts. The The Goodyear Tire & Rubber Company generated $3,598.00 million in revenue during the last quarter, which is slightly lower than the $3,736.57 million predicted by analysts. In the second quarter last year, the firm recorded $0.51 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -168.42%. The Goodyear Tire & Rubber Company has the potential to record 2.34 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Imperial Capital published a research note on January 9th, 2019 where it informed investors and clients that Discovery, Inc. (NASDAQ:DISCA) is now rated as In-line. Their price target on the stock stands at $30. Argus also rated DISCA as Downgrade on February 11th, 2019, with its price target of $107 suggesting that DISCA could surge by 19.49% from its current share price. Even though the stock has been trading at $27.75/share, analysts expect it to surge higher by 0.47% to reach $34.63/share. It started the day trading at $28.01 and traded between $27.50 and $27.88 throughout the trading session.
A look at its technical shows that DISCA’s 50-day SMA is 28.69 while its 200-day SMA stands at 29.09. The stock has a high of $34.89 for the year while the low is $20.59. The company’s P/E ratio currently sits at 22.72, while the P/B ratio is 1.68. At the moment, only of Discovery, Inc. shares were sold short. The company’s average trading volume currently stands at 4.25M shares, which means that the short-interest ratio is just 6.52 days. Over the past seven days, the company moved, with its shift of -2.00%. Looking further, the stock has dropped -3.09% over the past 90 days while it lost -13.98% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. ClearBridge Investments LLC sold more DISCA shares, decreasing its portfolio by -1.16% during the last quarter. This move now sees ClearBridge Investments LLC selling -199,597 shares in the last quarter, thus it now holds 17,001,377 shares of DISCA, with a total valuation of $525,342,549. The Vanguard Group Inc meanwhile bought more DISCA shares in the recently filed quarter, changing its stake to $518,310,636 worth of shares. Fidelity Management Research Co followed the path by increasing its DISCA portfolio by +10.87% in the quarter. This means that Fidelity Management Research Co bought 1,223,441 shares in the last quarter and now controls 12,474,517 shares of the DISCA stock, with the valuation hitting $385,462,575.
Similarly, BlackRock Fund Advisors decreased its Discovery, Inc. shares by -3.28% during the recently filed quarter. After selling -260,567 shares in the last quarter, the firm now controls 7,672,026 shares of Discovery, Inc. which are valued at $237,065,603. In the same vein, JPMorgan Investment Management I increased its Discovery, Inc. shares by during the most recent reported quarter. The firm bought 885,620 shares during the quarter which increased its stakes to 7,165,229 shares and is now valued at $221,405,576. Following these latest developments, around 1.80% of Discovery, Inc. stocks are owned by institutional investors and hedge funds.