Looking at top Wall Street opinions, The Goodyear Tire & Rubber Company (NASDAQ: GT) has recently made its way into the research list of Longbow – signaling that their analyst’s rating adjustment is noteworthy. This stock was downgraded to a rating of Underperform in the eyes of Longbow, whereas its previous rating was Neutral in the eyes of Longbow, as reported on Monday, February 11th, 2019. Another heavy-hitting research note was published by Argus on Monday February 11th, 2019, with this firm downgrading GT to an updated rating of Hold from its previous rating of Buy. In the past six months and three months of trading, shares of The Goodyear Tire & Rubber Company (GT) have moved by -2.38% and 5.79%, respectively.
Brokerage Updates Related to The Goodyear Tire & Rubber Company (GT) Stock
This publicly-traded organization generated gains of 5.24% over the last 5 sessions. Right now, this stock is the subject of 10 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Of the latest market expert opinions, 2 have given an underperform rating, 0 has given a sell rating, and 3 have given a rating of Buy or better. Based on the 10 stock market experts following this company, the average 12-month price target is $20.33. Moreover, individual price targets range between $14.00-$25.00. With its recent move to $19.00, we can see that these firms project this stock will loss by -28.75% in one year.
Updates from The Goodyear Tire & Rubber Company (GT) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.30% rise since the beginning of the calendar year. A Director at The Goodyear Tire & Rubber Company (GT) bought some of its shares in a transaction that was finalized on Feb 13.
The Goodyear Tire & Rubber Company (NASDAQ:GT) Results in the Pipeline
The next scheduled release of financial results for The Goodyear Tire & Rubber Company will be for the Dec-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.55. In the same vein, they expect sales for the quarter to amount to $4,054.50 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $3,876.00 million in revenue alongside EPS at $0.51. On average, the analyst projection was calling for $3,928.00 million with $0.68 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $3,841.00 million, with earnings per share ending up at $0.62.
Sysco Corporation (NYSE:SYY) experienced a gain of 0.67% from the closing price in the previous trading day. That boost the price to $70.10 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 2,142,880 shares of stock – compared to the typical average of 3.09M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $70.73.
Pricing Indications for Sysco Corporation (SYY)
This organization has had a price-to-earnings ratio of 24.81 in the last year. Meanwhile, it gained 66.75 from its observable 50-day simple moving average. Right at this moment, the per-share value is 2.84% higher than the mean per-share price over the last 200 days in the market.
Sysco Corporation (NYSE:SYY) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 1 have a sell rating, 4 have a Buy rating, 3 have an outperform rating, while 7 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.50, based on information from Thomson Reuters.
SYY Stock Value Potential
In trading activity as of late, this stock’s value was 68.17 up from its 200 day moving average, while also 5.13% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $54.00-$82.00. The market value for the entire organization reached 36.30B. In the last trading session, the price ended the day at $69.63. The institutional holdings related to this organization account for 0.20%, and the Beta factor is now 0.54. This company’s RSI (Relative Strength Index) managed to hit 74.94.
Sysco Corporation (NYSE:SYY) Analyst Points of Focus
Sysco Corporation (SYY) has found itself inside of BofA/Merrill’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to Neutral, compared to its previous rating of Buy by BofA/Merrill, as garnered from a news report on Wednesday January 16th, 2019. An additional helpful research note was sent out by Pivotal Research Group’s on Tuesday November 6th, 2018. The brokerage decided to reiterated SYY to Sell.