The Goodyear Tire & Rubber Company (NASDAQ:GT) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts consensus: Eight brokerages rate Goodyear a consensus "Hold" (2 sell, 4 hold, 2 buy) with an average 12‑month target price of $10.30.
• Quarterly results and profitability: Goodyear reported $0.39 EPS versus $0.45 expected (a miss) with $4.92B revenue, and shows a negative net margin (‑9.41%) and a negative P/E (‑1.07), indicating ongoing profitability pressure.
• Stock position and ownership: Shares trade near $6.38 (52‑week range $6.14–$12.03) with a market cap of $1.83B and institutional investors owning about 84.19% of the stock.

The Goodyear Tire & Rubber Company (NASDAQ:GT - Get Free Report) has been given a consensus recommendation of "Hold" by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.30.

A number of equities analysts have weighed in on GT shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Goodyear Tire & Rubber in a research report on Monday, December 29th. Citigroup raised their price objective on shares of Goodyear Tire & Rubber from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, February 12th. Zacks Research cut shares of Goodyear Tire & Rubber from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 6th. Finally, Morgan Stanley upped their target price on shares of Goodyear Tire & Rubber from $6.88 to $7.30 and gave the stock an "underweight" rating in a report on Friday, November 28th.

Hedge Funds Weigh In On Goodyear Tire & Rubber

A number of hedge funds have recently made changes to their positions in GT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Goodyear Tire & Rubber by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 169,601 shares of the company's stock worth $1,567,000 after purchasing an additional 7,453 shares in the last quarter. United Services Automobile Association bought a new position in Goodyear Tire & Rubber in the 1st quarter worth approximately $163,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Goodyear Tire & Rubber by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 657,411 shares of the company's stock worth $6,074,000 after purchasing an additional 15,064 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Goodyear Tire & Rubber by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 17,021 shares of the company's stock valued at $177,000 after buying an additional 1,011 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Goodyear Tire & Rubber by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 73,406 shares of the company's stock valued at $761,000 after buying an additional 5,286 shares during the last quarter. Institutional investors own 84.19% of the company's stock.

Goodyear Tire & Rubber Stock Up 0.5%

NASDAQ GT opened at $6.38 on Wednesday. Goodyear Tire & Rubber has a 52 week low of $6.14 and a 52 week high of $12.03. The company has a quick ratio of 0.54, a current ratio of 1.06 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $1.83 billion, a P/E ratio of -1.07, a price-to-earnings-growth ratio of 0.27 and a beta of 1.12. The stock's 50-day moving average price is $8.55 and its 200-day moving average price is $8.25.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.06). Goodyear Tire & Rubber had a negative net margin of 9.41% and a positive return on equity of 3.21%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company's revenue was down .6% compared to the same quarter last year. On average, equities research analysts predict that Goodyear Tire & Rubber will post 1.5 earnings per share for the current year.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear's core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.

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