Odds of margin downtrend has gone up moderately at fwd PE 8.62 region lower current price to earnings . The Goodyear Tire & Rubber Company RSI 54.29 does not yet indicate any divergence and this shows lack of strong momentum , asset moving through RSI suggests change of trend in no trade zone and its best to be traded cautiously.
Company’s risk and performance measure beta is at 1.53 indicating that traders can anticipate a more steady return throughout the economic cycle. With 6.49% growth Year on Year set for over 5 years The Goodyear Tire & Rubber Company has adequate momentum to justify 8.26 PE.
Stocks has been facing resistance 200 MA at -3.75% and has been below its moving averages . Consumer Goods sector is staging a rebound at 6262.67 points, comparatively to the broader index, has seen a change of 15.04 Supported by a up-down ratio of 0.81x, total MFI closed at $-1006.05mn. Block trades acted as a tailwind, coming in at $-968.50mn and $727.80mn and $1696.30mn of tick ups and tick downs respectively.
Further considering percentage of profit in relation to its overall resources, The Goodyear Tire & Rubber Company assets utilization seems on track . Financial performance of The Goodyear Tire & Rubber Company in Consumer Goods sector has been stable and is supported by strong market capitalization , further current value of outstanding shares stand at $7995 M .
By 2018 rating firms expect The Goodyear Tire & Rubber Company EPS growth could slow down by as much as 28.66%. Low current ratio seems to be short term as firms often use short term liquidity to meet its long term outlook ., additionally The Goodyear Tire & Rubber Company liquidity stands lower 1:0.8 Quick R.
Trends indicate strong growth for GT. And straight forward comparison at 20.88 times its sector Consumer Goods seems oversold by over -12.62. Assessment of the company considering liquidity strength is positive with Price to Book at 1.64 and there might be scope for a positive analyst outlook.
Research firms are moving down on their negative rating for GT Guggenheim analyst Emmanuel Rosner lowered his rating on The Goodyear Tire & Rubber Company to Neutral, additionally current volatility in Consumer Goods sector will continue to challenge company’s operating performance Roe indicates that the company is increasing its ability to deliver more profit without needing as much capital .
Companies current short-term investments and accounts receivable are at 1.4 Current Ratio in any case firm has enough cash in hand to meet its day to day business needs or short term obligations.
Company is now trading 11.00% above its 52 week low . Current bullish surge suggests business could enjoy further stock price growth. Investors expectation for growth is higher than what we think asset can actually deliver. Though sector PEG is above at 1.85 analyst view , this stock price increase is entirely possible given keen investors interest.