Goodyear Tire & Rubber Stock Forecast, Price & News

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GT shares have increased by 20.0% and is now trading at $8.59.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 8 hold ratings and 3 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, October 23rd 2020.
View our earnings forecast for Goodyear Tire & Rubber.

Goodyear Tire & Rubber Co (NASDAQ:GT) released its earnings results on Friday, July, 31st. The company reported ($1.87) earnings per share for the quarter, topping analysts' consensus estimates of ($2.11) by $0.24. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.90 billion. Goodyear Tire & Rubber had a negative return on equity of 10.48% and a negative net margin of 12.73%. The firm's quarterly revenue was down 41.0% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share.
View Goodyear Tire & Rubber's earnings history.

Goodyear Tire & Rubber announced a quarterly dividend on Wednesday, January 15th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.16 per share on Monday, March 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Friday, January 31st.
View Goodyear Tire & Rubber's dividend history.

11 analysts have issued 1-year price targets for Goodyear Tire & Rubber's shares. Their forecasts range from $5.00 to $20.00. On average, they anticipate Goodyear Tire & Rubber's share price to reach $10.06 in the next year. This suggests a possible upside of 17.1% 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. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Goodyear Tire & Rubber earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Goodyear Tire & Rubber.

Goodyear Tire & Rubber saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,880,000 shares, an increase of 12.7% from the August 15th total of 7,880,000 shares. Based on an average daily trading volume, of 4,430,000 shares, the short-interest ratio is currently 2.0 days. Approximately 3.8% of the shares of the stock are sold short.
View Goodyear Tire & Rubber's Short Interest.

Some companies that are related to Goodyear Tire & Rubber include RENAULT S A/ADR (RNLSY), VALEO/S (VLEEY), Lear (LEA), IAA (IAA), ISUZU MOTORS LT/ADR (ISUZY), AUTO TRADER GRP/ADR (ATDRY), Gentex (GNTX), Autoliv (ALV), Tata Motors (TTM), Dongfeng Motor Group (DNFGY), Polaris Industries (PII), Oshkosh (OSK), Yamaha Motor (YAMHF), Brilliance China Automotive (BCAUY) and BRP (DOOO).
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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), General Motors (GM), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

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

Goodyear Tire & Rubber's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.27%), LSV Asset Management (4.20%), Newport Trust Co (2.28%), Goldman Sachs Group Inc. (1.34%), Bank of New York Mellon Corp (1.24%) and Charles Schwab Investment Management Inc. (1.13%).
View institutional ownership trends for Goodyear Tire & Rubber.

GT stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Vanguard Group Inc., Goldman Sachs Group Inc., Letko Brosseau & Associates Inc., LSV Asset Management, Robeco Institutional Asset Management B.V., Bank of New York Mellon Corp, and UBS Group AG.
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 Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., Boothe Investment Group Inc., AJO LP, First Trust Advisors LP, Kessler Investment Group LLC, RPG Investment Advisory LLC, and Principal Financial Group Inc..
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 $8.59.

Goodyear Tire & Rubber has a market capitalization of $2.00 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.

The official website for Goodyear Tire & Rubber is 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 goodyear.investor.re[email protected]