The Goodyear Tire & Rubber Stock Forecast, Price & News

The Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GT stock has increased by 52.9% and is now trading at $10.95.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Goodyear Tire & Rubber in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The Goodyear Tire & Rubber.

Wall Street analysts have given The Goodyear Tire & Rubber a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Goodyear Tire & Rubber wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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The Goodyear Tire & Rubber is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for The Goodyear Tire & Rubber.

The Goodyear Tire & Rubber Company (NASDAQ:GT) released its quarterly earnings results on Friday, October, 30th. The company reported $0.10 EPS for the quarter, beating the Zacks' consensus estimate of ($0.08) by $0.18. The business earned $3.47 billion during the quarter, compared to the consensus estimate of $3.35 billion. The Goodyear Tire & Rubber had a negative return on equity of 14.22% and a negative net margin of 13.81%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share.
View The Goodyear Tire & Rubber's earnings history.

The Goodyear Tire & Rubber declared a quarterly dividend on Wednesday, January 15th. Stockholders 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 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Friday, January 31st.
View The Goodyear Tire & Rubber's dividend history.

11 analysts have issued 12-month target prices for The Goodyear Tire & Rubber's stock. Their forecasts range from $6.00 to $20.00. On average, they anticipate The Goodyear Tire & Rubber's stock price to reach $10.50 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
View analysts' price targets for The Goodyear Tire & Rubber.

Some companies that are related to The Goodyear Tire & Rubber include Valeo (VLEEY), BorgWarner (BWA), Dongfeng Motor Group (DNFGY), Aisin Seiki (ASEKY), Lear (LEA), IAA (IAA), Gentex (GNTX), Autoliv (ALV), Tata Motors (TTM), Isuzu Motors (ISUZY), Auto Trader Group (ATDRY), Yamaha Motor (YAMHF), Harley-Davidson (HOG), Polaris (PII) and Oshkosh (OSK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other The 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).

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

The Goodyear Tire & Rubber's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.98%), LSV Asset Management (4.05%), State Street Corp (3.17%), Newport Trust Co (2.13%), Arrowstreet Capital Limited Partnership (1.74%) and Charles Schwab Investment Management Inc. (1.11%).
View institutional ownership trends for The Goodyear Tire & Rubber.

GT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Letko Brosseau & Associates Inc., LSV Asset Management, Newport Trust Co, State Street Corp, Robeco Institutional Asset Management B.V., Morgan Stanley, and Cubist Systematic Strategies LLC.
View insider buying and selling activity for The Goodyear Tire & Rubber.

GT stock was purchased by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Great West Life Assurance Co. Can, Squarepoint Ops LLC, AQR Capital Management LLC, Engineers Gate Manager LP, Natixis, Arrowstreet Capital Limited Partnership, and Paloma Partners Management Co.
View insider buying and selling activity for The 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 $10.95.

The Goodyear Tire & Rubber has a market capitalization of $2.55 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. The Goodyear Tire & Rubber employs 63,000 workers across the globe.

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

The 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]