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

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GT shares have decreased by 11.7% and is now trading at $6.32. View which stocks have been mosted impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Goodyear Tire & Rubber.

Goodyear Tire & Rubber is scheduled to release its next quarterly earnings announcement on Friday, April 24th 2020. View our earnings forecast for Goodyear Tire & Rubber.

Goodyear Tire & Rubber Co (NASDAQ:GT) released its quarterly earnings results on Tuesday, February, 11th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.33. The business earned $3.71 billion during the quarter, compared to the consensus estimate of $3.88 billion. Goodyear Tire & Rubber had a negative net margin of 2.11% and a positive return on equity of 5.15%. The business's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. View Goodyear Tire & Rubber's earnings history.

Goodyear Tire & Rubber declared a quarterly dividend on Wednesday, January 15th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.16 per share on Monday, March 2nd. This represents a $0.64 annualized dividend and a yield of 10.13%. The ex-dividend date of this dividend is Friday, January 31st. View Goodyear Tire & Rubber's dividend history.

10 brokerages have issued twelve-month target prices for Goodyear Tire & Rubber's stock. Their forecasts range from $7.00 to $20.00. On average, they expect Goodyear Tire & Rubber's share price to reach $12.96 in the next twelve months. This suggests a possible upside of 105.0% from the stock's current price. View analysts' price targets for Goodyear Tire & Rubber.

Headlines about GT stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a media sentiment score of -1.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutGoodyear Tire & Rubber.

Goodyear Tire & Rubber saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 19,630,600 shares, an increase of 18.0% from the February 27th total of 16,630,000 shares. Based on an average daily volume of 6,753,000 shares, the short-interest ratio is presently 2.9 days. Approximately 8.5% of the shares of the stock are short sold. View Goodyear Tire & Rubber's Current Options Chain.

Some companies that are related to Goodyear Tire & Rubber include Gentex (GNTX), Dongfeng Motor Group (DNFGY), BorgWarner (BWA), ISUZU MOTORS LT/ADR (ISUZY), AUTO TRADER GRP/ADR (ATDRY), Yamaha Motor (YAMHF), IAA (IAA), Autoliv (ALV), Brilliance China Automotive (BCAUY), Oshkosh (OSK), VALEO/S (VLEEY), Allison Transmission (ALSN), MAZDA MTR CORP/ADR (MZDAY), Tata Motors (TTM) and Polaris Industries (PII).

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), General Motors (GM), Intel (INTC), Johnson & Johnson (JNJ), Altria Group (MO), Bank of America (BAC), Walt Disney (DIS) and Exxon Mobil (XOM).

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

Goodyear Tire & Rubber's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Hotchkis & Wiley Capital Management LLC (4.86%), LSV Asset Management (4.59%), Lyrical Asset Management LP (4.02%), State Street Corp (2.71%), Bank of New York Mellon Corp (1.45%) and Newport Trust Co (1.43%). View institutional ownership trends for Goodyear Tire & Rubber.

GT stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Bank of New York Mellon Corp, AQR Capital Management LLC, Goldman Sachs Group Inc., Russell Investments Group Ltd., Connor Clark & Lunn Investment Management Ltd., Connor Clark & Lunn Investment Management Ltd., and Robeco Institutional Asset Management B.V.. View insider buying and selling activity for Goodyear Tire & Rubber.

GT stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Prudential Financial Inc., Lyrical Asset Management LP, MUFG Securities EMEA plc, State Street Corp, Geode Capital Management LLC, Hotchkis & Wiley Capital Management LLC, and Cipher Capital LP. View insider buying and selling activity for Goodyear Tire & Rubber.

Shares of GT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GT stock can currently be purchased for approximately $6.32.

Goodyear Tire & Rubber has a market capitalization of $1.47 billion and generates $14.75 billion in revenue each year. The company earns $-311,000,000.00 in net income (profit) each year or $1.08 on an earnings per share basis. Goodyear Tire & Rubber employs 63,000 workers across the globe. View additional information about Goodyear Tire & Rubber.

The official website for Goodyear Tire & Rubber is http://www.goodyear.com/.

Goodyear Tire & Rubber's mailing address is 200 INNOVATION WAY, AKRON OH, 44316. The company can be reached via phone at 330-796-2121 or via email at [email protected]