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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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6 Wall Street research analysts have issued 1-year target prices for Goodyear Tire & Rubber's stock. Their GT share price forecasts range from $9.00 to $15.30. On average, they anticipate the company's stock price to reach $12.43 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
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Goodyear Tire & Rubber's stock was trading at $10.15 at the beginning of the year. Since then, GT stock has increased by 6.2% and is now trading at $10.78.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our GT earnings forecast.

The Goodyear Tire & Rubber Company (NASDAQ:GT) issued its quarterly earnings results on Wednesday, February, 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.10. The business earned $5.37 billion during the quarter, compared to analysts' expectations of $5.16 billion. Goodyear Tire & Rubber had a trailing twelve-month return on equity of 6.96% and a net margin of 0.97%. Goodyear Tire & Rubber's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS.

ETFs with the largest weight of Goodyear Tire & Rubber (NASDAQ:GT) stock in their portfolio include Invesco S&P MidCap 400 Pure Value ETF (RFV), First Trust Nasdaq Transportation ETF (FTXR), Invesco S&P MidCap 400 Revenue ETF (RWK), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), First Trust Mid Cap Value AlphaDEX Fund (FNK), Avantis U.S. Small Cap Value ETF (AVUV), Invesco Nasdaq Future Gen 200 ETF (QQQS) and First Trust Mid Cap Core AlphaDEX Fund (FNX).

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 shareholders include Alliancebernstein L.P. (6.36%), Dimensional Fund Advisors LP (5.34%), LSV Asset Management (3.26%), Geode Capital Management LLC (1.89%), Morgan Stanley (1.49%) and Fisher Asset Management LLC (1.47%). 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 $10.78.

Goodyear Tire & Rubber (NASDAQ:GT) has a market capitalization of $3.05 billion and generates $20.81 billion in revenue each year. The company earns $202 million in net income (profit) each year or $0.70 on an earnings per share basis.

The company employs 74,000 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.