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

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 equipment, and mining and industrial equipment 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 retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,000 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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GT. StockNews.com upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a report on Thursday, July 28th. TheStreet downgraded shares of Goodyear Tire & Rubber from a "b-" rating to a "c" rating in a report on Wednesday, May 18th. Deutsche Bank Aktiengesellschaft downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating and dropped their target price for the stock from $19.00 to $15.00 in a research note on Monday, July 18th. Nomura upgraded shares of Goodyear Tire & Rubber from a "neutral" rating to a "buy" rating and upped their target price for the stock from $15.00 to $15.30 in a research note on Tuesday, May 10th. Finally, Citigroup upped their target price on shares of Goodyear Tire & Rubber to $16.00 in a research note on Monday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Goodyear Tire & Rubber presently has an average rating of "Hold" and an average target price of $17.33.

Goodyear Tire & Rubber Price Performance

GT traded down $0.03 during midday trading on Tuesday, hitting $15.49. 115,025 shares of the company traded hands, compared to its average volume of 4,448,749. The company has a current ratio of 1.30, a quick ratio of 0.68 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 4.67 and a beta of 1.88. Goodyear Tire & Rubber has a 52-week low of $10.33 and a 52-week high of $24.89. The business has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $13.52.

Goodyear Tire & Rubber (NASDAQ:GT - Get Rating) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.71% and a return on equity of 11.87%. The company's revenue for the quarter was up 31.0% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. On average, equities analysts forecast that Goodyear Tire & Rubber will post 2.13 earnings per share for the current fiscal year.