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

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our GT earnings forecast.

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.

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).

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.

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).

Goodyear Tire & Rubber trades on the NASDAQ under the ticker symbol "GT."

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.
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One share of GT stock can currently be purchased for approximately $12.38.

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.

The company employs 74,000 workers across the globe.

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.