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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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.
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8 Wall Street analysts have issued 12-month price objectives for Goodyear Tire & Rubber's stock. Their GT share price forecasts range from $15.00 to $23.00. On average, they anticipate the company's stock price to reach $17.33 in the next year. This suggests a possible upside of 54.9% from the stock's current price.
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Goodyear Tire & Rubber's stock was trading at $21.32 at the start of the year. Since then, GT stock has decreased by 47.5% and is now trading at $11.19.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our GT earnings forecast.

The Goodyear Tire & Rubber Company (NASDAQ:GT) released its quarterly earnings results on Friday, August, 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business 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 trailing twelve-month return on equity of 11.87%. The business's revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share.

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.

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).

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

Goodyear Tire & Rubber's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.29%), Northern Trust Corp (1.33%), Newport Trust Co (1.24%), Clearbridge Investments LLC (1.13%), AQR Capital Management LLC (1.12%) and Russell Investments Group Ltd. (0.94%). Insiders that own company stock include Richard J Kramer and Stephen R Mcclellan.
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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.
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One share of GT stock can currently be purchased for approximately $11.19.

Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $3.16 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.

The company employs 72,000 workers across the globe.

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.