Considering valuation models for company and with current fair value on stocks it’s a good time initiate a new position and in effect The Goodyear Tire & Rubber Company PE of 8.12 compares favourably to Consumer Goods sector’s trailing twelve months PE ratio indicating uptrend growth over the next few years .
And traders are spending 8.12 times the company’s trailing 12-month growth , compared to 20.74 times at which the Consumer Goods sector is trading at .. Research firms are moving towards downgrade rating for GT Further has caused Guggenheim to maintain their pessimistic outlook as Emmanuel Rosner continued his Neutral rating, further the share have seen a change of 0.51% at the opening bell today Compared to its peers in Consumer Goods sector, volatility has been much low., future end of the day Friday, Dec 15 market cap stood at $7865 Millions , however we prefer enterprise value against market cap for fair value.
Currently company is showing showing resistance as prices remains at 9.20% below its 52 Week High . Business are at notable , important support and resistance levels.. The Goodyear Tire & Rubber Company forecast Suggest analyst are expecting decline in profits of EPS by as much as 28.66% by 2018 , and with company earnings to price forecasted to rise at 322.60% one can initiate early position before the stock becomes too hot .
As a growth company , company fits the mold of a book value of 1.61. It is pertinent to acknowledge that the past 12 months price-earnings has been below 8.48 fwd PE rate , considering cool down of P /E and subsequent sector growth over the forward 12 months stocks are set to enter overvalued region .
Current ratio at 1.4 debt ratios, numbers may seem be unusual for company , Current company assets should be able to satisfy firms short term obligations and board should have little problem with liquidity.
The Goodyear Tire & Rubber Company currently trades at a beta value of 1.53, however prices appear to lack any clear direction at the movement , but its important to consider that present beta has no bearing on a stock’s future volatility.
With increased current upwards growth rate of 6.49%, 8.12 PE set for uptrend . Price action has crossed momentum forming pattern of downtrend, RSI might range between 60 and 20 in long term, we can see RSI is not responding to the standard resistance levels , instead , it is correlating against 49.24 resistance.
Total Money flow for the day ended at $5815.74mn with tick up at $10992.23mn and tick down at $5176.49mn led to up /down ratio of 2.12x. Block trades acted as a tailwind, coming in at $5853.85mn and $7568.70mn and $1714.85mn of tick ups and tick downs respectivelyConsumer Goods sector is currently positive by 1.00 , and is still relatively encouraging..
Investors returns in investment in the company has been superior compared to its peers . Company is continuing to trade in bearish region by -5.37% below its 200 day SMA , this tells us that company is showing underlying weakness as it continues to hit resistance at 29.77.
As of current market situations , company analysts growth rates are below current market prices . With higher quick ratio 1.4 represents weak liquidity strength in short term, as we write The Goodyear Tire & Rubber Company idle assets have been reported to be under utilized resulting in drop in its contributing to net growth .