Goodyear Tire & Rubber Co (GT): Today's Featured Consumer Non-Durables Loser

Goodyear Tire & Rubber ( GT) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables loser. The industry as a whole closed the day up 0.4%. By the end of trading, Goodyear Tire & Rubber fell 14 cents (-1.2%) to $11.14 on average volume. Throughout the day, 6.1 million shares of Goodyear Tire & Rubber exchanged hands as compared to its average daily volume of 6.7 million shares. The stock ranged in price between $11.01-$11.24 after having opened the day at $11.19 as compared to the previous trading day's close of $11.28. Other company's within the Consumer Non-Durables industry that declined today were: MOD-PAC Corporation ( MPAC), down 22.7%, Exceed Company ( EDS), down 8.6%, Tufco Technologies ( TFCO), down 6.8%, and Standard Register Company ( SR), down 4.9%.

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 $2.69 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.9, below the average consumer non-durables industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 20.4% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Goodyear Tire & Rubber a buy, one analyst rates it a sell, and one rates it a hold.

TheStreet Ratings rates Goodyear Tire & Rubber as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself.

On the positive front, STR Holdings ( STRI), up 27.8%, Energizer Holdings ( ENR), up 9.6%, Wolverine World Wide ( WWW), up 9.1%, and Rogers Corporation ( ROG), up 8.3%, were all gainers within the consumer non-durables industry with Procter & Gamble ( PG) being today's featured consumer non-durables industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
null

If you liked this article you might like

Novice Trade: Goodyear Tire & Rubber

Novice Trade: Goodyear Tire & Rubber

What's Behind the Hound of Hades' Stock Market Rampage

What's Behind the Hound of Hades' Stock Market Rampage

It's Time to Go Off the Rails on Campbell Soup

It's Time to Go Off the Rails on Campbell Soup

Intermediate Trade: Goodyear Tire & Rubber

Intermediate Trade: Goodyear Tire & Rubber

Intermediate Trade: Goodyear Tire

Intermediate Trade: Goodyear Tire