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.

Goodyear Tire & Rubber Price Performance

Shares of Goodyear Tire & Rubber stock traded up $0.67 during trading on Friday, hitting $15.19. 6,520,717 shares of the company's stock traded hands, compared to its average volume of 4,309,719. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.30 and a quick ratio of 0.68. The firm's fifty day moving average price is $11.87 and its 200 day moving average price is $13.60. Goodyear Tire & Rubber has a twelve month low of $10.33 and a twelve month high of $24.89. The company has a market cap of $4.30 billion, a PE ratio of 4.60 and a beta of 1.88.

Goodyear Tire & Rubber (NASDAQ:GT - Get Rating) last issued its earnings results on Friday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. Goodyear Tire & Rubber had a net margin of 4.71% and a return on equity of 11.87%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the business earned $0.32 EPS. The firm's revenue was up 31.0% on a year-over-year basis. Analysts forecast that Goodyear Tire & Rubber will post 2.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GT shares. StockNews.com raised shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. TheStreet lowered shares of Goodyear Tire & Rubber from a "b-" rating to a "c" rating in a research note on Wednesday, May 18th. Citigroup reduced their price objective on shares of Goodyear Tire & Rubber from $19.00 to $15.00 in a research note on Monday, May 16th. Nomura raised shares of Goodyear Tire & Rubber from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $15.00 to $15.30 in a research note on Tuesday, May 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating and dropped their target price for the stock from $19.00 to $15.00 in a report on Monday, July 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.19.