Goodyear Tire & Rubber (GT) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GT shares.
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5 equities research analysts have issued twelve-month price objectives for Goodyear Tire & Rubber's shares. Their GT share price targets range from $13.00 to $21.00. On average, they anticipate the company's stock price to reach $17.16 in the next twelve months. This suggests a possible upside of 40.1% from the stock's current price.
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Goodyear Tire & Rubber's stock was trading at $14.32 at the beginning of the year. Since then, GT stock has decreased by 14.5% and is now trading at $12.25.
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Goodyear Tire & Rubber saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 19,170,000 shares, an increase of 13.3% from the March 15th total of 16,920,000 shares. Based on an average trading volume of 3,890,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 6.8% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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The Goodyear Tire & Rubber Company (NASDAQ:GT) announced its earnings results on Tuesday, February, 13th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.11. The firm earned $5.12 billion during the quarter, compared to analysts' expectations of $5.38 billion. Goodyear Tire & Rubber had a negative net margin of 3.43% and a positive trailing twelve-month return on equity of 1.16%. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share.

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), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Revenue ETF (RWK), Avantis U.S. Small Cap Value ETF (AVUV) and Invesco Nasdaq Future Gen 200 ETF (QQQS).Dimensional US Small Cap Value ETF (DFSV).

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Richard P Slaughter Associates Inc (0.07%), Profit Investment Management LLC (0.06%), IMC Chicago LLC (0.00%), Moody National Bank Trust Division (0.03%) and CWM LLC (0.00%). Insiders that own company stock include Darren R Wells, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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