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

8 Wall Street equities 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 equities 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.
View GT analyst ratings or view top-rated stocks.

8 analysts have issued twelve-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 $17.19 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
View analysts price targets for GT or view top-rated stocks among Wall Street analysts.

Goodyear Tire & Rubber's stock was trading at $21.32 at the beginning of 2022. Since then, GT stock has decreased by 29.4% and is now trading at $15.06.
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Goodyear Tire & Rubber saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 13,720,000 shares, a decline of 16.5% from the June 30th total of 16,440,000 shares. Based on an average trading volume of 4,860,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 5.9% of the company's stock are sold short.
View Goodyear Tire & Rubber's Short Interest.

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) posted its 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 trailing twelve-month return on equity of 11.87%. The company's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share.

524 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.

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 variety of retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (1.13%), Russell Investments Group Ltd. (0.94%), Victory Capital Management Inc. (0.66%), IPG Investment Advisors LLC (0.65%), Principal Financial Group Inc. (0.39%) and UBS Group AG (0.35%). 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 $15.06.

Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $4.26 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.