Goodyear Tire & Rubber - GT Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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8 Wall Street analysts have issued 12 month target prices for Goodyear Tire & Rubber's shares. Their GT share price forecasts range from $15.00 to $23.00. On average, they anticipate the company's share price to reach $17.33 in the next year. This suggests a possible upside of 65.2% from the stock's current price.
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Goodyear Tire & Rubber's stock was trading at $21.32 on January 1st, 2022. Since then, GT stock has decreased by 50.8% and is now trading at $10.49.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our GT earnings forecast.

The Goodyear Tire & Rubber Company (NASDAQ:GT) announced its quarterly earnings results on Friday, August, 5th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.98 billion. Goodyear Tire & Rubber had a trailing twelve-month return on equity of 11.87% and a net margin of 4.71%. The business's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS.

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 $10.49.

Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $2.97 billion and generates $17.48 billion in revenue each year. The company earns $764 million in net income (profit) each year or $3.30 on an earnings per share basis.

The company employs 72,000 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.