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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last twelve months. There are currently 2 sell ratings, 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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10 equities research analysts have issued 12 month price objectives for Goodyear Tire & Rubber's stock. Their GT share price forecasts range from $10.00 to $23.00. On average, they predict the company's share price to reach $16.19 in the next year. This suggests a possible upside of 45.7% from the stock's current price.
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Goodyear Tire & Rubber's stock was trading at $10.15 at the start of the year. Since then, GT shares have increased by 9.5% and is now trading at $11.11.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Goodyear Tire & Rubber will be holding an earnings conference call on Thursday, February 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-4937.

The Goodyear Tire & Rubber Company (NASDAQ:GT) posted its quarterly earnings results on Friday, November, 5th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.46. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.66 billion. Goodyear Tire & Rubber had a net margin of 4.19% and a trailing twelve-month return on equity of 9.74%. The business's revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS.

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 many different retail and institutional investors. Top institutional investors include LSV Asset Management (3.26%), Fisher Asset Management LLC (1.47%), Newport Trust Co (1.22%), UBS Group AG (0.38%), Assenagon Asset Management S.A. (0.38%) and Retirement Systems of Alabama (0.30%). 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 $11.11.

Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $3.14 billion and generates $17.48 billion in revenue each year. The company earns $764 million in net income (profit) each year or $3.00 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.