NASDAQ:GT

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

$11.22

-0.22 (-1.92%)

(As of 10/6/2022 04:33 PM ET)

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Today's Range: $11.13
▼
$11.55
50-Day Range: $10.09
▼
$15.52
52-Week Range: $10.07
▼
$24.89

Volume: 3.41 million shs
Average Volume: 5.52 million shs
Market Capitalization: $3.17 billion

P/E Ratio: 3.40
Dividend Yield: N/A
Price Target: $17.33

Goodyear Tire & Rubber MarketRank™ Forecast

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 54.4% Upside
$17.33 Price Target
Short Interest: Healthy
4.95% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 19.16%
From $2.14 to $2.55 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Auto/Tires/Trucks Sector

27th out of 106 stocks

Tires & Inner Tubes Industry

1st out of 1 stocks

3.1

Analyst's Opinion

Consensus Rating
Goodyear Tire & Rubber has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.33, Goodyear Tire & Rubber has a forecasted upside of 54.4% from its current price of $11.22.
Amount of Analyst Coverage
Goodyear Tire & Rubber has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.95% of the outstanding shares of Goodyear Tire & Rubber have been sold short.
Short Interest Ratio / Days to Cover
Goodyear Tire & Rubber has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Goodyear Tire & Rubber has recently increased by 1.82%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Goodyear Tire & Rubber does not currently pay a dividend.
Dividend Growth
Goodyear Tire & Rubber does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GT.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Goodyear Tire & Rubber this week, compared to 4 articles on an average week.
Search Interest
24 people have searched for GT on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
Only 10 people have added Goodyear Tire & Rubber to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Goodyear Tire & Rubber insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Goodyear Tire & Rubber is held by insiders.
Percentage Held by Institutions
80.88% of the stock of Goodyear Tire & Rubber is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Goodyear Tire & Rubber are expected to grow by 19.16% in the coming year, from $2.14 to $2.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Goodyear Tire & Rubber is 3.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Goodyear Tire & Rubber is 3.40, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.54.
Price to Book Value per Share Ratio
Goodyear Tire & Rubber has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Goodyear Tire & Rubber (NASDAQ:GT) Stock

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.

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GT Stock News Headlines

October 6, 2022 | nasdaq.com

15%of this The Goodyear Tire & Rubber Company (NASDAQ:GT) insider's holdings were sold in the last year

October 6, 2022 | finance.yahoo.com

The Goodyear Tire & Rubber Company (GT)

September 28, 2022 | finance.yahoo.com

GOODYEAR SURVEY UNCOVERS COLLEGE FOOTBALL'S TOUGHEST ROAD GAME ENVIRONMENTS, ASKS FANS TO WEIGH IN

September 28, 2022 | finance.yahoo.com

In the wake of The Goodyear Tire & Rubber Company's (NASDAQ:GT) latest US$458m market cap drop, institutional owners may be forced to take severe actions

September 24, 2022 | msn.com

Details scarce after male employee dies at Topeka's Goodyear Tire & Rubber Co. plant

September 24, 2022 | msn.com

Goodyear employee dies at Topeka tire plant

September 23, 2022 | seekingalpha.com

GT The Goodyear Tire & Rubber Company

September 21, 2022 | nasdaq.com

Interesting GT Put And Call Options For January 2025

September 15, 2022 | finance.yahoo.com

HEROES WANTED: GOODYEAR ANNOUNCES CALL FOR 38th ANNUAL HIGHWAY HERO AWARD

September 14, 2022 | finance.yahoo.com

Goodyear Tire Settles Wage Dispute In Malaysia: Reuters

September 14, 2022 | finance.yahoo.com

Exclusive-Goodyear settles labour abuse claims with workers at Malaysian factory

September 10, 2022 | finance.yahoo.com

Eight stories, 204 units planned on Goodyear Tire site in Downtown Sac

September 10, 2022 | reuters.com

Goodyear Tire & Rubber Co

September 7, 2022 | finance.yahoo.com

TERRAIN TAMED: GOODYEAR'S NEW MIXED SERVICE DRIVE TIRE, ARMOR MAX ESD, DELIVERS DURABILITY AND TRACTION IN SEVERE APPLICATIONS

September 6, 2022 | nasdaq.com

Institutional owners may consider drastic measures as The Goodyear Tire & Rubber Company's (NASDAQ:GT) recent US$257m drop adds to long-term losses

September 4, 2022 | msn.com

Goodyear Tire Ramping Up Presence In Electric Vehicle Space: What Investors Should Know

September 1, 2022 | finance.yahoo.com

GOODYEAR EXPANDS ITS ELECTRIC VEHICLE TIRE PORTFOLIO WITH NEW ALL-SEASON AND ULTRA HIGH-PERFORMANCE OPTIONS FOR ITS ELECTRICDRIVE™ TIRE LINE

August 23, 2022 | markets.businessinsider.com

Why Goodyear Tire (NASDAQ:GT) Stock’s Recent Momentum Can Fade

August 17, 2022 | finance.yahoo.com

With EPS Growth And More, Goodyear Tire & Rubber (NASDAQ:GT) Makes An Interesting Case

August 10, 2022 | marketwatch.com

The Goodyear Tire & Rubber Com GT Technical Pivots with Risk Controls

August 8, 2022 | finance.yahoo.com

Company News for Aug 8, 2022

August 5, 2022 | finance.yahoo.com

Goodyear (GT) Q2 Earnings and Revenues Top Estimates

August 5, 2022 | finance.yahoo.com

Goodyear Tire & Rubber Q2 Earnings Surpass Street View

August 5, 2022 | nasdaq.com

The Goodyear Tire & Rubber Q2 Profit Increases, beats estimates

August 5, 2022 | seekingalpha.com

Goodyear Tire stock gains as pricing power outpaces inflation

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GT Company Calendar

Last Earnings: 8/05/2022
Today: 10/06/2022
Next Earnings (Estimated): 11/04/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Tires & inner tubes
Sub-Industry: Tires & Rubber
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:GT
CUSIP: 38255010
CIK: 42582
Web: www.goodyear.com
Phone: (330) 796-2121
Fax: 330-796-2222
Employees: 72,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $17.33
High Stock Price Forecast: $23.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +54.4%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.30
Trailing P/E Ratio: 3.40
Forward P/E Ratio: 5.24
P/E Growth: N/A
Net Income: $764 million
Net Margins: 4.71%
Pretax Margin: 3.82%
Return on Equity: 11.87%
Return on Assets: 2.73%

Debt

Debt-to-Equity Ratio: 1.42
Current Ratio: 1.30
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: $17.48 billion
Price / Sales: 0.18
Cash Flow: $5.37 per share
Price / Cash Flow: 2.09
Book Value: $18.43 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 282,803,000
Free Float: 279,409,000
Market Cap: $3.17 billion
Optionable: Optionable
Beta: 1.85

Key Executives

Mr. Richard J. Kramer (Age 58)
Chairman, CEO & Pres
Comp: $10.53M

Mr. Darren R. Wells (Age 56)
Exec. VP & CFO
Comp: $3.78M

Mr. Stephen R. McClellan (Age 56)
Pres of Americas
Comp: $3.51M

Mr. Ryan G. Patterson (Age 48)
Sr. VP & Chief Operating and Integration Officer - Americas
Comp: $2.43M

Mr. Christopher Raymond Delaney (Age 61)
Pres of Europe, Middle East & Africa
Comp: $3.35M

Mr. Christopher P. Helsel (Age 57)
Sr. VP of Global Operations & CTO

Mr. Christian Gadzinski
Sr. Director of Investor Relations

Mr. David E. Phillips Esq. (Age 46)
Sr. VP & Gen. Counsel

Ms. Laura P. Duda (Age 52)
Sr. VP & Chief Communications Officer

Mr. Mike Dwyer
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GT Stock - Frequently Asked Questions

Should I buy or sell Goodyear Tire & Rubber stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
What is Goodyear Tire & Rubber's stock price forecast for 2022?: 8 brokers have issued 1-year price targets for Goodyear Tire & Rubber's stock. Their GT share price forecasts range from $15.00 to $23.00. On average, they expect the company's stock price to reach $17.33 in the next year. This suggests a possible upside of 52.4% from the stock's current price.
View analysts price targets for GT or view top-rated stocks among Wall Street analysts.
How have GT shares performed in 2022?: Goodyear Tire & Rubber's stock was trading at $21.32 at the start of the year. Since then, GT stock has decreased by 46.7% and is now trading at $11.37.
View the best growth stocks for 2022 here.
When is Goodyear Tire & Rubber's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our GT earnings forecast.
How were Goodyear Tire & Rubber's earnings last quarter?: The Goodyear Tire & Rubber Company (NASDAQ:GT) issued its quarterly earnings data on Friday, August, 5th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The company earned $5.21 billion during the quarter, compared to analyst estimates of $4.98 billion. Goodyear Tire & Rubber had a net margin of 4.71% and a trailing twelve-month return on equity of 11.87%. The firm's revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS.
What is Richard J. (Rich) Kramer's approval rating as Goodyear Tire & Rubber's CEO?: 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.

What other stocks do shareholders of Goodyear Tire & Rubber own?: 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).
What is Goodyear Tire & Rubber's stock symbol?: Goodyear Tire & Rubber trades on the NASDAQ under the ticker symbol "GT."
How do I buy shares of Goodyear Tire & Rubber?: 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.
Compare Top Brokerages Here.
What is Goodyear Tire & Rubber's stock price today?: One share of GT stock can currently be purchased for approximately $11.37.
How much money does Goodyear Tire & Rubber make?: Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $3.22 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.
How many employees does Goodyear Tire & Rubber have?: The company employs 72,000 workers across the globe.
How can I contact Goodyear Tire & Rubber?: 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.

This page (NASDAQ:GT) was last updated on 10/6/2022 by MarketBeat.com Staff

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

Goodyear Tire & Rubber MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month