Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Goodyear Tire & Rubber Co-The Market Cap
The Goodyear Tire & Rubber Co-The (GT) share price is expected to increase by 38.8% over the next year. This is based on calculating the average 12-month share price estimate provided by 11 stock analysts who have covered GT. Price targets range from $8.9 at the low end to $15.9 at the high end. The current analyst consensus for GT is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Goodyear Tire & Rubber Co-The has a total of 11 Wall St Analyst ratings. There are 7 buy ratings, 4 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Goodyear Tire & Rubber Co-The will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of GT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Ross MacDonald Morgan Stanley | Equal-Weight | $14 | Initiates | Jun 13, 2024 |
| Wesley Brooks HSBC | Buy | $15.9 | Maintains | May 8, 2024 |
| Wesley Brooks HSBC | Buy | $16.8 | Initiates | Dec 4, 2023 |
| Ryan Brinkman JP Morgan | Overweight | $18 | Maintains | Nov 16, 2023 |
| Emmanuel Rosner Deutsche Bank | Buy | $21 | Upgrade | Nov 16, 2023 |
| Ryan Brinkman JP Morgan | Overweight | $17 | Maintains | Jul 20, 2023 |
Deutsche Bank | Hold | Maintains | May 31, 2023 | |
| Emmanuel Rosner Deutsche Bank | Hold | $13 | Maintains | May 24, 2023 |
| Anindya Das Nomura Instinet | Neutral | $17 | Downgrade | May 17, 2023 |
| James Picariello Exane BNP Paribas | Neutral | $13 | Upgrade | May 15, 2023 |
| Itay Michaeli Citigroup | Neutral | $12 | Maintains | May 3, 2023 |
Deutsche Bank | Hold | Maintains | Apr 19, 2023 | |
| Emmanuel Rosner Deutsche Bank | Hold | $9 | Maintains | Feb 10, 2023 |
| James Picariello Exane BNP Paribas | Underperform | Downgrade | Jan 30, 2023 | |
| David Coleman Argus Research | Hold | Downgrade | Nov 29, 2022 | |
| Itay Michaeli Citigroup | Neutral | $13 | Maintains | Nov 2, 2022 |
Deutsche Bank | Hold | Maintains | Aug 8, 2022 | |
| Emmanuel Rosner Deutsche Bank | Hold | $15 | Downgrade | Jul 18, 2022 |
| Itay Michaeli Citigroup | Neutral | $15 | Maintains | May 16, 2022 |
Morgan Stanley | Equal-Weight | $18.5 | Maintains | May 12, 2022 |
When did it IPO
1970
Staff Count
71,000
Country
United States
Sector/Industry
Consumer Cyclical/Auto Parts
CEO
Mr. Mark W. Stewart
Market Cap
$2.43B
In 2023, GT generated $20.07B in revenue, which was a decrease of -3.55% from the previous year. This can be seen as a signal that GT's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 18 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Tire manufacturers provide stable revenue and margins, making them appealing for defense-minded investors. Five companies offer yields up to 4.1%, assessed on key financial metrics.
Why It Matters - Stable revenue and margins in tire manufacturing, coupled with yields up to 4.1%, indicate potential for consistent returns, making it attractive for risk-averse investors.
Fri, 30 Aug 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Goodyear (GT) reported earnings 30 days ago; investors should monitor upcoming developments for potential stock performance insights.
Why It Matters - Goodyear’s recent earnings report may influence stock volatility, affecting investor sentiment and potential price movements ahead of future performance and market conditions.
Tue, 27 Aug 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - GT faces challenges due to a declining commercial truck sector, significant debt, and increasing capital expenditures, raising concerns about its future performance.
Why It Matters - GT's weakened truck business and high debt raise concerns about profitability and financial stability, potentially impacting stock performance and investor confidence.
Tue, 20 Aug 2024
Sentiment - NEGATIVE
Source - MarketBeat
Summary - Goodyear Tire & Rubber Co. (NASDAQ: GT) shares reached a 52-week low of $7.63, down 40.2% year-to-date.
Why It Matters - Good Year's significant share decline indicates operational challenges, potentially impacting future profitability and investor confidence, affecting overall market sentiment in the sector.
Tue, 20 Aug 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Goodyear (NASDAQ: GT) launched the Assurance WeatherReady 2 tire, which excels in wet and dry handling, setting a new performance standard for all-season tires.
Why It Matters - Goodyear's launch of the Assurance WeatherReady 2 enhances its competitive edge in the tire market, potentially boosting sales and improving market share, which can positively impact stock performance.
Mon, 12 Aug 2024
Sentiment - POSITIVE
Source - Reuters
Summary - Goodyear Tire's Canadian unit will invest over C$575 million to upgrade its Napanee, Ontario plant, as announced by Prime Minister Justin Trudeau.
Why It Matters - Goodyear's C$575 million investment signals confidence in the Canadian market, potentially boosting local employment and production, which can enhance the company's long-term profitability.
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