Goodyear Tire & Rubber Stock Price, News & Analysis (NASDAQ:GT)

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GT shares.
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4 brokers have issued 12 month price targets for Goodyear Tire & Rubber's shares. Their GT share price targets range from $13.00 to $21.00. On average, they expect the company's share price to reach $17.25 in the next year. This suggests a possible upside of 21.2% from the stock's current price.
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Goodyear Tire & Rubber's stock was trading at $10.15 at the start of the year. Since then, GT shares have increased by 40.2% and is now trading at $14.23.
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Goodyear Tire & Rubber saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 7,290,000 shares, a drop of 21.8% from the October 31st total of 9,320,000 shares. Based on an average daily volume of 3,350,000 shares, the short-interest ratio is currently 2.2 days. Currently, 2.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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The Goodyear Tire & Rubber Company (NASDAQ:GT) issued its quarterly earnings data on Monday, November, 6th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.17. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.30 billion. Goodyear Tire & Rubber had a negative trailing twelve-month return on equity of 1.03% and a negative net margin of 2.47%. Goodyear Tire & Rubber's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS.

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's stock is owned by many different retail and institutional investors. Top institutional investors include Wellington Management Group LLP (3.57%), LSV Asset Management (2.69%), American Century Companies Inc. (1.68%), Morgan Stanley (1.51%), Electron Capital Partners LLC (1.45%) and Jacobs Levy Equity Management Inc. (1.38%). Insiders that own company stock include Richard J Kramer and Stephen R Mcclellan.
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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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