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Guggenheim disclosed Goodyear Tire & Rubber Co (NASDAQ:GT), hiking its price target to $39.00 earlier today

Stating a potential upside of 0.16%, Guggenheim upped the price target of Goodyear Tire & Rubber Co (NASDAQ:GT) to $39.00

Yesterday Goodyear Tire & Rubber Co (NASDAQ:GT) traded 0.56% higher at $33.63. The company’s 50-day moving average is $30.80 and its 200-day moving average is $33.94. The last stock close price is down -4.46% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 2,968,935 shares of the stock were exchanged, down from an average trading volume of 2,974,450

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Goodyear Tire & Rubber Co (NASDAQ:GT)

Goodyear Tire & Rubber Co has a 52 week low of $26.82 and a 52 week high of $37.20 with a P/E ratio of 7.07 The company’s market cap is currently $0.

In addition to Guggenheim reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $33.43 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Goodyear Tire & Rubber Co (NASDAQ:GT)

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications. The Europe, the Middle East and Africa (EMEA) segment develops, manufactures, distributes and sells tires for automobiles, trucks, buses, aircraft, motorcycles, and earthmoving, mining and industrial equipment throughout EMEA under the Goodyear, Dunlop, Debica, Sava and Fulda brands. The Asia Pacific segment develops, manufactures, distributes and sells tires for automobiles, trucks, aircraft, farm, and earthmoving, mining and industrial equipment throughout the Asia Pacific region, and sells tires to various export markets.

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