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

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.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GT shares. Nomura upgraded shares of Goodyear Tire & Rubber from a "neutral" rating to a "buy" rating and increased their target price for the company from $15.00 to $15.30 in a research note on Tuesday, May 10th. StockNews.com upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. Citigroup raised their price target on shares of Goodyear Tire & Rubber to $16.00 in a research note on Monday, August 15th. TheStreet cut shares of Goodyear Tire & Rubber from a "b-" rating to a "c" rating in a research note on Wednesday, May 18th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating and cut their price target for the stock from $19.00 to $15.00 in a research note on Monday, July 18th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Goodyear Tire & Rubber presently has a consensus rating of "Hold" and a consensus target price of $17.33.

Goodyear Tire & Rubber Trading Down 2.0 %

Shares of NASDAQ:GT opened at $14.83 on Friday. The company's fifty day moving average is $12.08 and its 200-day moving average is $13.47. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 4.49 and a beta of 1.88. Goodyear Tire & Rubber has a twelve month low of $10.33 and a twelve month high of $24.89. The company has a quick ratio of 0.68, a current ratio of 1.30 and a debt-to-equity ratio of 1.42.

Goodyear Tire & Rubber (NASDAQ:GT - Get Rating) last announced its quarterly earnings results 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 had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $4.98 billion. Goodyear Tire & Rubber had a net margin of 4.71% and a return on equity of 11.87%. The business's quarterly revenue was up 31.0% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Equities research analysts predict that Goodyear Tire & Rubber will post 2.13 EPS for the current year.