Goodyear Tire & Rubber Stock Forecast, Price & News

Goodyear Tire & Rubber's stock was trading at $7.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GT stock has increased by 20.0% and is now trading at $8.59.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 8 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Goodyear Tire & Rubber is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Goodyear Tire & Rubber.

Goodyear Tire & Rubber Co (NASDAQ:GT) released its quarterly earnings results on Friday, July, 31st. The company reported ($1.87) earnings per share for the quarter, beating the consensus estimate of ($2.11) by $0.24. The firm earned $2.14 billion during the quarter, compared to analysts' expectations of $1.90 billion. Goodyear Tire & Rubber had a negative return on equity of 10.48% and a negative net margin of 12.73%. The business's revenue was down 41.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS.
View Goodyear Tire & Rubber's earnings history.

Goodyear Tire & Rubber announced 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 annualized dividend and a yield of 7.45%. The ex-dividend date is Friday, January 31st.
View Goodyear Tire & Rubber's dividend history.

11 Wall Street analysts have issued 1-year price objectives for Goodyear Tire & Rubber's stock. Their forecasts range from $5.00 to $20.00. On average, they expect Goodyear Tire & Rubber's stock price to reach $10.06 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
View analysts' price targets for Goodyear Tire & Rubber.

Headlines about GT stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Goodyear Tire & Rubber earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Goodyear Tire & Rubber.

Goodyear Tire & Rubber saw a increase in short interest in August. As of August 31st, there was short interest totaling 8,880,000 shares, an increase of 12.7% from the August 15th total of 7,880,000 shares. Based on an average daily trading volume, of 4,430,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.8% of the shares of the company are short sold.
View Goodyear Tire & Rubber's Short Interest.

Some companies that are related to Goodyear Tire & Rubber include RENAULT S A/ADR (RNLSY), VALEO/S (VLEEY), Lear (LEA), AUTO TRADER GRP/ADR (ATDRY), IAA (IAA), ISUZU MOTORS LT/ADR (ISUZY), Gentex (GNTX), Autoliv (ALV), Tata Motors (TTM), Dongfeng Motor Group (DNFGY), Polaris Industries (PII), Yamaha Motor (YAMHF), Oshkosh (OSK), Brilliance China Automotive (BCAUY) and BRP (DOOO).
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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), General Motors (GM), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

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

Goodyear Tire & Rubber's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.27%), LSV Asset Management (4.20%), Newport Trust Co (2.28%), Goldman Sachs Group Inc. (1.34%), Bank of New York Mellon Corp (1.24%) and Charles Schwab Investment Management Inc. (1.13%).
View institutional ownership trends for Goodyear Tire & Rubber.

GT stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Vanguard Group Inc., Goldman Sachs Group Inc., Letko Brosseau & Associates Inc., LSV Asset Management, Robeco Institutional Asset Management B.V., Bank of New York Mellon Corp, and UBS Group AG.
View insider buying and selling activity for Goodyear Tire & Rubber.

GT stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., Boothe Investment Group Inc., AJO LP, First Trust Advisors LP, Kessler Investment Group LLC, RPG Investment Advisory LLC, and Principal Financial Group Inc..
View insider buying and selling activity for 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 $8.59.

Goodyear Tire & Rubber has a market capitalization of $2.00 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. Goodyear Tire & Rubber employs 63,000 workers across the globe.

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

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]