Goodyear Tire & Rubber Co (GT): Today's Featured Consumer Goods Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 0.7%. By the end of trading, Goodyear Tire & Rubber rose 44 cents (3.7%) to $12.34 on average volume. Throughout the day, four million shares of Goodyear Tire & Rubber exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in a price between $11.96-$12.34 after having opened the day at $11.99 as compared to the previous trading day's close of $11.90. Other companies within the Consumer Goods sector that increased today were:
(
), up 17.7%,
(
), up 11.1%,
(
), up 9.6%, and
(
), up 9%.
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The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services worldwide. Goodyear Tire & Rubber has a market cap of $2.86 billion and is part of the consumer non-durables industry. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are down 17.6% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate Goodyear Tire & Rubber a buy, one analyst rates it a sell, and two rate it a hold.
TheStreet Ratings rates Goodyear Tire & Rubber as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and generally higher debt management risk.
- You can view the full Goodyear Tire & Rubber Ratings Report.
On the negative front,
(
), down 9.7%,
(
), down 9.3%,
(
), down 5.6%, and
(
), down 5%, were all laggards within the consumer goods sector with
(
) being today's consumer goods sector laggard.
- Use our consumer goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the consumer goods sector could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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