NASDAQ:GT

Goodyear Tire & Rubber (GT) Stock Forecast, Price & News

$12.43

+0.26 (+2.14%)

(As of 09/29/2023 ET)

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Today's Range: $12.19
▼
$12.54
50-Day Range: $12.14
▼
$16.10
52-Week Range: $9.66
▼
$16.50

Volume: 4.33 million shs
Average Volume: 4.45 million shs
Market Capitalization: $3.52 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.60

Goodyear Tire & Rubber MarketRank™ Forecast

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 17.5% Upside
$14.60 Price Target
Short Interest: Healthy
3.52% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.05
Based on 17 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.06) to $1.30 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.74 out of 5 stars

Auto/Tires/Trucks Sector

75th out of 93 stocks

Tires & Inner Tubes Industry

1st out of 1 stocks

2.1

Analyst's Opinion

Consensus Rating
Goodyear Tire & Rubber has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.60, Goodyear Tire & Rubber has a forecasted upside of 17.5% from its current price of $12.43.
Amount of Analyst Coverage
Goodyear Tire & Rubber has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.52% of the float of Goodyear Tire & Rubber has been sold short.
Short Interest Ratio / Days to Cover
Goodyear Tire & Rubber has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Goodyear Tire & Rubber has recently increased by 12.97%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Goodyear Tire & Rubber does not currently pay a dividend.
Dividend Growth
Goodyear Tire & Rubber does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GT.

2.2

News and Social Media Coverage

News Sentiment
Goodyear Tire & Rubber has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Goodyear Tire & Rubber this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for GT on MarketBeat in the last 30 days. This is a decrease of -89% compared to the previous 30 days.
MarketBeat Follows
8 people have added Goodyear Tire & Rubber to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Goodyear Tire & Rubber insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Goodyear Tire & Rubber is held by insiders.
Percentage Held by Institutions
80.05% of the stock of Goodyear Tire & Rubber is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Goodyear Tire & Rubber are expected to grow in the coming year, from ($0.06) to $1.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Goodyear Tire & Rubber is -9.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Goodyear Tire & Rubber is -9.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Goodyear Tire & Rubber has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Goodyear Tire & Rubber (NASDAQ:GT) Stock

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also provides retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products; and provides automotive and commercial repair services, and miscellaneous other products and services. In addition, it operates approximately 950 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.

GT Price History

30 days | 90 days | 365 days | Advanced Chart

GT Stock News Headlines

September 15, 2023 | marketbeat.com

2 Wrecked Stocks Keeping Cars on the Road Ready for Repair (GT)

Rising oil prices and the cooling vehicle market are making a pair of vehicle maintenance stocks attractive for opportunistic investors

September 28, 2023 | msn.com

Goodyear Tire says fire damaged portion of manufacturing facility in Poland

September 29, 2023 | Chaikin Analytics (Ad)

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September 25, 2023 | finance.yahoo.com

GOODYEAR'S NEW WRANGLER® DURATRAC® RT TIRE WITH DuPONT™ KEVLAR® TECHNOLOGY STANDS UP TO THE TOUGHEST ON- AND OFF-ROAD CONDITIONS FOR ALL-SEASON ADVENTURES

September 25, 2023 | msn.com

Goodyear Tire & Rubber Company resets strategy in Asia

September 25, 2023 | msn.com

Goodyear’s (NASDAQ:GT) Strategic Overhaul: Shifting to Third-Party Model for APAC Growth

September 25, 2023 | seekingalpha.com

Goodyear Tire & Rubber Company resets strategy in Asia Pacific

September 25, 2023 | americanbankingnews.com

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

September 29, 2023 | Behind the Markets (Ad)

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September 25, 2023 | americanbankingnews.com

The Goodyear Tire & Rubber Company to Post FY2023 Earnings of ($0.06) Per Share, Zacks Research Forecasts (NASDAQ:GT)

September 23, 2023 | americanbankingnews.com

Q3 2023 EPS Estimates for The Goodyear Tire & Rubber Company (NASDAQ:GT) Lowered by Analyst

September 22, 2023 | marketwatch.com

Goodyear Tire & Rubber to Cut 700 Jobs to Turn Around Asia Pacific Operations

September 22, 2023 | finance.yahoo.com

Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific

September 22, 2023 | americanbankingnews.com

Stock Traders Buy High Volume of Goodyear Tire & Rubber Put Options (NASDAQ:GT)

September 22, 2023 | americanbankingnews.com

Stock Traders Purchase Large Volume of Goodyear Tire & Rubber Call Options (NASDAQ:GT)

September 21, 2023 | finance.yahoo.com

NEW GOODYEAR WRANGLER® BOULDER MT™ FUELS OFF-ROAD ADVENTURE WITH PREMIUM PERFORMANCE, DEPENDABLE DURABILITY

September 20, 2023 | finance.yahoo.com

Unveiling Goodyear Tire & Rubber Co's Value: Is It Really Priced Right? A Comprehensive Guide

September 14, 2023 | finance.yahoo.com

GOODYEAR HAS BEEN HONORING HEROIC TRUCK DRIVERS ON THE ROADS FOR 40 YEARS

September 13, 2023 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Goodyear (GT) Stock?

September 8, 2023 | ca.finance.yahoo.com

Goodyear Tire to cut around 1,200 jobs in restructuring drive

August 15, 2023 | finance.yahoo.com

GOODYEAR UNVEILS COOPER® COBRA INSTINCT™, DELIVERING ALL-SEASON SPORT PERFORMANCE

August 11, 2023 | finance.yahoo.com

GOODYEAR RELIGHTS ICONIC SIGN ABOVE ITS FORMER WORLD HEADQUARTERS IN CELEBRATION OF THE COMPANY'S 125TH ANNIVERSARY

August 8, 2023 | finance.yahoo.com

Goodyear (GT) Q2 Earnings & Revenues Miss Estimates, Fall Y/Y

August 5, 2023 | finance.yahoo.com

The Goodyear Tire & Rubber Company (NASDAQ:GT) Q2 2023 Earnings Call Transcript

August 4, 2023 | finance.yahoo.com

Q2 2023 Goodyear Tire & Rubber Co Earnings Call

August 3, 2023 | finance.yahoo.com

Why Goodyear Tire Stock Fell Today

August 3, 2023 | finance.yahoo.com

GOODYEAR REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS

See More Headlines

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GT Company Calendar

Last Earnings: 8/02/2023
Today: 9/29/2023
Next Earnings (Estimated): 10/30/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Tires & inner tubes
Sub-Industry: Tires & Rubber
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:GT
CUSIP: 38255010
CIK: 42582
Web: www.goodyear.com
Phone: (330) 796-2121
Fax: 330-796-2222
Employees: 74,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $14.60
High Stock Price Forecast: $17.00
Low Stock Price Forecast: $13.00
Forecasted Upside/Downside: +17.9%
Consensus Rating: Hold
Rating Score (0-4): 2.17
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.29)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $202 million
Net Margins: -1.80%
Pretax Margin: -1.45%
Return on Equity: -0.80%
Return on Assets: -0.19%

Debt

Debt-to-Equity Ratio: 1.52
Current Ratio: 1.28
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $20.81 billion
Price / Sales: 0.17
Cash Flow: $4.87 per share
Price / Cash Flow: 2.54
Book Value: $19.32 per share
Price / Book: 0.64

Miscellaneous

Outstanding Shares: 283,480,000
Free Float: 280,075,000
Market Cap: $3.51 billion
Optionable: Optionable
Beta: 1.81

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Key Executives

Mr. Richard J. Kramer (Age 59)
CEO, Pres & Chairman
Comp: $4.66M

Mr. Darren R. Wells (Age 57)
Exec. VP & Chief Admin. Officer
Comp: $2.04M

Mr. David E. Phillips Esq. (Age 47)
Sr. VP & Gen. Counsel
Comp: $1.25M

Mr. Stephen R. McClellan (Age 57)
Pres of Americas
Comp: $1.89M

Mr. Christopher Raymond Delaney (Age 62)
Pres of Europe, Middle East & Africa
Comp: $1.74M

Ms. Christina L. Zamarro (Age 51)
Exec. VP & CFO

Mr. Christopher P. Helsel (Age 58)
Sr. VP of Global Operations & CTO

Mr. Christian Gadzinski
Sr. Director of Investor Relations

Ms. Laura P. Duda (Age 53)
Sr. VP & Chief Communications Officer

Mr. Mike Dwyer
Chief Marketing Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GT Stock - Frequently Asked Questions

Should I buy or sell Goodyear Tire & Rubber stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GT, but not buy additional shares or sell existing shares.
View GT analyst ratings or view top-rated stocks.
What is Goodyear Tire & Rubber's stock price forecast for 2023?: 6 analysts have issued 12 month price targets for Goodyear Tire & Rubber's shares. Their GT share price forecasts range from $13.00 to $17.00. On average, they anticipate the company's share price to reach $14.60 in the next year. This suggests a possible upside of 17.9% from the stock's current price.
View analysts price targets for GT or view top-rated stocks among Wall Street analysts.
How have GT shares performed in 2023?: Goodyear Tire & Rubber's stock was trading at $10.15 at the beginning of 2023. Since then, GT shares have increased by 22.0% and is now trading at $12.38.
View the best growth stocks for 2023 here.
Are investors shorting Goodyear Tire & Rubber?: Goodyear Tire & Rubber saw a increase in short interest in September. As of September 15th, there was short interest totaling 9,930,000 shares, an increase of 13.0% from the August 31st total of 8,790,000 shares. Based on an average daily volume of 3,790,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.5% of the shares of the stock are sold short.
View Goodyear Tire & Rubber's Short Interest.
When is Goodyear Tire & Rubber's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our GT earnings forecast.
How were Goodyear Tire & Rubber's earnings last quarter?: The Goodyear Tire & Rubber Company (NASDAQ:GT) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.49. The firm earned $4.87 billion during the quarter, compared to analyst estimates of $5.21 billion. Goodyear Tire & Rubber had a negative net margin of 1.80% and a negative trailing twelve-month return on equity of 0.80%. The business's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share.
What ETFs hold Goodyear Tire & Rubber's stock?: ETFs with the largest weight of Goodyear Tire & Rubber (NASDAQ:GT) stock in their portfolio include Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap 400 Revenue ETF (RWK), Avantis U.S. Small Cap Value ETF (AVUV), Invesco Nasdaq Future Gen 200 ETF (QQQS), Dimensional US Small Cap Value ETF (DFSV) and Vanguard Russell 2000 Value ETF (VTWV).iShares Russell 2000 Value ETF (IWN).

What is Richard J. (Rich) Kramer's approval rating as Goodyear Tire & Rubber's CEO?: 745 employees have rated Goodyear Tire & Rubber Chief Executive Officer Richard J. (Rich) Kramer on Glassdoor.com. Richard J. (Rich) Kramer has an approval rating of 74% among the company's employees. 71.0% of employees surveyed would recommend working at Goodyear Tire & Rubber to a friend.
What other stocks do shareholders of Goodyear Tire & Rubber own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Goodyear Tire & Rubber investors own include AT&T (T), General Electric (GE), Ford Motor (F), Intel (INTC), Pfizer (PFE), Wells Fargo & Company (WFC), Bank of America (BAC), Johnson & Johnson (JNJ), Altria Group (MO) and General Motors (GM).
What is Goodyear Tire & Rubber's stock symbol?: Goodyear Tire & Rubber trades on the NASDAQ under the ticker symbol "GT."
How do I buy shares of Goodyear Tire & Rubber?: Shares of GT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Goodyear Tire & Rubber's stock price today?: One share of GT stock can currently be purchased for approximately $12.38.
How much money does Goodyear Tire & Rubber make?: Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $3.51 billion and generates $20.81 billion in revenue each year. The company earns $202 million in net income (profit) each year or ($1.29) on an earnings per share basis.
How many employees does Goodyear Tire & Rubber have?: The company employs 74,000 workers across the globe.
How can I contact Goodyear Tire & Rubber?: Goodyear Tire & Rubber's mailing address is 200 INNOVATION WAY, AKRON OH, 44316. The official website for the company is www.goodyear.com. The company can be reached via phone at (330) 796-2121, via email at goodyear.investor.relations@goodyear.com, or via fax at 330-796-2222.

This page (NASDAQ:GT) was last updated on 9/29/2023 by MarketBeat.com Staff

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