Should I buy or sell Goodyear Tire & Rubber stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last twelve months. 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. View GT analyst ratings or view top-rated stocks .

What is Goodyear Tire & Rubber's stock price target for 2024?

5 brokerages have issued 12 month price objectives for Goodyear Tire & Rubber's stock. Their GT share price targets range from $13.00 to $21.00. On average, they predict the company's stock price to reach $17.16 in the next twelve months. This suggests a possible upside of 46.7% from the stock's current price. View analysts price targets for GT or view top-rated stocks among Wall Street analysts .

How have GT shares performed in 2024?

Goodyear Tire & Rubber's stock was trading at $14.32 on January 1st, 2024. Since then, GT shares have decreased by 18.3% and is now trading at $11.70. View the best growth stocks for 2024 here .

Are investors shorting Goodyear Tire & Rubber?

Goodyear Tire & Rubber saw a increase in short interest in 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 daily volume of 3,890,000 shares, the short-interest ratio is presently 4.9 days. Approximately 6.8% of the company's shares are sold short. View Goodyear Tire & Rubber's Short Interest .

When is Goodyear Tire & Rubber's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our GT earnings forecast .

How were Goodyear Tire & Rubber's earnings last quarter?

The Goodyear Tire & Rubber Company (NASDAQ:GT) posted its quarterly earnings results on Tuesday, February, 13th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.36 by $0.11. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.38 billion. Goodyear Tire & Rubber had a positive trailing twelve-month return on equity of 1.16% and a negative net margin of 3.43%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS.

What ETFs hold Goodyear Tire & Rubber's stock?

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) .

What is Richard J. (Rich) Kramer's approval rating as Goodyear Tire & Rubber's CEO?

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.

What other stocks do shareholders of Goodyear Tire & Rubber own?

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) .

Who are Goodyear Tire & Rubber's major shareholders?

Goodyear Tire & Rubber's stock is owned by a variety of institutional and retail investors. Top institutional investors 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 . View institutional ownership trends .

How do I buy shares of Goodyear Tire & Rubber?

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. Compare Top Brokerages Here .

NASDAQ:GT

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

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Free GT Stock Alerts

$11.69

-0.28 (-2.34%)

(As of 02:52 PM ET)

Compare

Today's Range: $11.67
▼
$12.12
50-Day Range: $11.59
▼
$13.73
52-Week Range: $10.12
▼
$16.50

Volume: 2.04 million shs
Average Volume: 3.72 million shs
Market Capitalization: $3.32 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $17.16

Get Goodyear Tire & Rubber alerts:

Goodyear Tire & Rubber MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 46.7% Upside
$17.16 Price Target
Short Interest: Bearish
6.80% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.93
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 80.36%
From $1.12 to $2.02 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.75 out of 5 stars

Auto/Tires/Trucks Sector

45th out of 78 stocks

Tires & Inner Tubes Industry

1st out of 1 stocks

3.3

Analyst's Opinion

Consensus Rating
Goodyear Tire & Rubber has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Goodyear Tire & Rubber has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.80% of the float of Goodyear Tire & Rubber has been sold short.
Short Interest Ratio / Days to Cover
Goodyear Tire & Rubber has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Goodyear Tire & Rubber has recently increased by 13.30%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Goodyear Tire & Rubber does not currently pay a dividend.
Dividend Growth
Goodyear Tire & Rubber does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GT.

2.7

News and Social Media Coverage

News Sentiment
Goodyear Tire & Rubber has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Goodyear Tire & Rubber this week, compared to 6 articles on an average week.
Search Interest
16 people have searched for GT on MarketBeat in the last 30 days. This is an increase of 45% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Goodyear Tire & Rubber to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Goodyear Tire & Rubber insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Goodyear Tire & Rubber is held by insiders.
Percentage Held by Institutions
84.19% of the stock of Goodyear Tire & Rubber is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Goodyear Tire & Rubber are expected to grow by 80.36% in the coming year, from $1.12 to $2.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Goodyear Tire & Rubber is -4.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Goodyear Tire & Rubber is -4.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Goodyear Tire & Rubber has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Goodyear Tire & Rubber Stock (NASDAQ:GT)

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands. The company also provides retread truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products; and provides automotive and commercial repair services, and miscellaneous other products and services. In addition, it operates approximately 950 retail outlets, which offer products for sale, and provides repair and other services. Further, the company sells products and installation services online through its websites, www.goodyear.com for consumer tires and www.goodyeartrucktires.com for commercial tires; automotive maintenance and repair services under the Goodyear or Just Tires names; and automotive repair and maintenance items, automotive equipment and accessories, and other items to dealers and consumers, as well as provides miscellaneous other products and services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.

GT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GT Stock News Headlines

April 12, 2024 | finance.yahoo.com

Institutional investors may overlook The Goodyear Tire & Rubber Company's (NASDAQ:GT) recent US$162m market cap drop as long-term gains remain positive

April 12, 2024 | americanbankingnews.com

The Goodyear Tire & Rubber Company (NASDAQ:GT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

April 18, 2024 | Weiss Ratings (Ad)

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April 9, 2024 | stocknews.com

3 Tech Stocks Sparking Investor Interest for April Buys

April 8, 2024 | finance.yahoo.com

Goodyear Is Driving Forward With Strategic Revamp

April 3, 2024 | msn.com

Goodyear unveils game-changing tire with at least 50% sustainable materials: 'We want to meet consumer and market needs'

April 1, 2024 | finance.yahoo.com

GOODYEAR TAKES INNOVATION TO NEW HEIGHTS WITH SKYGRIP™ TIRES FOR BLIMPS

April 1, 2024 | prnewswire.com

GOODYEAR TAKES INNOVATION TO NEW HEIGHTS WITH SKYGRIP™ TIRES FOR BLIMPS

April 18, 2024 | Weiss Ratings (Ad)

Nvidia Has a BIG Problem — Here’s Who Benefits MOST

April 1, 2024 | msn.com

Analysis: Wet-weather tires afforded everyone a win at Richmond

March 30, 2024 | msn.com

Final Quarter feature: Goodyear Tire Test held at Sonoma Raceway to prepare for event in June

March 30, 2024 | msn.com

Goodyear Tire Test held at Sonoma Raceway following repave

March 27, 2024 | msn.com

EV Owners May Have Bigger Cool Factor, But Their Tires Are Literally Tiring Them Out More Than Gas Car Drivers

March 26, 2024 | msn.com

Goodyear tire test scheduled for Sonoma Raceway’s fresh pavement

March 25, 2024 | msn.com

Best original tires on new cars, trucks and SUVs in 2024

March 23, 2024 | nasdaq.com

Goodyear Tire & Rubber (GT) Shares Cross Above 200 DMA

March 20, 2024 | msn.com

Chase Elliott Says NASCAR Aero Issues Eased, But Tire Questions Remain Unanswered

March 20, 2024 | finance.yahoo.com

GOODYEAR INTRODUCES THE RL-5K OFF-THE-ROAD TIRE WITH THREE STAR LOAD CAPACITY RATING FOR HEAVY DUTY LOADERS

March 20, 2024 | investorplace.com

The 7 Most Undervalued Stocks to Buy if You Only Have $20

March 19, 2024 | msn.com

Goodyear Wants to Bring More Tire Wear to NASCAR After Messy, Excellent Bristol Race

March 19, 2024 | finance.yahoo.com

GT Jul 2025 8.000 call

March 19, 2024 | msn.com

Catastrophic Tire Wear Created One of NASCAR's Best Races in Years

March 18, 2024 | msn.com

Goodyear official responds after high tire wear at Bristol: ‘We have to understand what happened’

March 18, 2024 | msn.com

Kyle Larson Rips Bristol NASCAR Race: 'Hope I Never Have to Run a Race like That Again'

March 18, 2024 | msn.com

Goodyear Doesn't Know Why Tire Wear Was So High At Bristol

March 18, 2024 | msn.com

Goodyear Puzzled Over Issues At Bristol NASCAR Cup Race

March 17, 2024 | sg.finance.yahoo.com

GT Apr 2024 21.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Auto/Tires/Trucks
Industry: Tires & inner tubes
Sub-Industry: Tires & Rubber
Current Symbol: NASDAQ:GT
CUSIP: 38255010
CIK: 42582
Web: www.goodyear.com
Phone: (330) 796-2121
Fax: 330-796-2222
Employees: 71,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $17.16
High Stock Price Target: $21.00
Low Stock Price Target: $13.00
Potential Upside/Downside: +46.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.41)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 10.45
P/E Growth: N/A
Net Income: $-689,000,000.00
Net Margins: -3.43%
Pretax Margin: -3.37%
Return on Equity: 1.16%
Return on Assets: 0.27%

Debt

Debt-to-Equity Ratio: 1.41
Current Ratio: 1.07
Quick Ratio: 0.55

Sales & Book Value

Annual Sales: $20.07 billion
Price / Sales: 0.17
Cash Flow: $4.43 per share
Price / Cash Flow: 2.64
Book Value: $17.06 per share
Price / Book: 0.69

Miscellaneous

Outstanding Shares: 283,950,000
Free Float: 280,548,000
Market Cap: $3.32 billion
Optionable: Optionable
Beta: 1.85

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Key Executives

Ms. Christina L. Zamarro (Age 52)
Executive VP & CFO
Comp: $1.99M
Mr. Christopher Raymond Delaney BA (Age 63)
President of Europe, Middle East & Africa
Comp: $2.62M
Mr. Mark W. Stewart (Age 57)
President, CEO & Director
Mr. Christopher P. Helsel (Age 59)
Senior VP of Global Operations & CTO
Mr. Evan M. Scocos (Age 53)
VP of Finance-Americas, Controller & Principal Accounting Officer
Mr. Greg Shank
Senior Director of Investor Relations
Mr. David E. Phillips Esq. (Age 48)
Senior VP & General Counsel
Comp: $1.25M
Ms. Laura P. Duda (Age 54)
Senior VP & Chief Communications Officer
Mr. Gary S. VanderLind (Age 61)
Senior VP & Chief Human Resources Officer
Mr. Marcelo Toscani (Age 66)
President of Latin America Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GT Stock Analysis - Frequently Asked Questions

Should I buy or sell Goodyear Tire & Rubber stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last twelve months. 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.
View GT analyst ratings or view top-rated stocks.
What is Goodyear Tire & Rubber's stock price target for 2024?: 5 brokerages have issued 12 month price objectives for Goodyear Tire & Rubber's stock. Their GT share price targets range from $13.00 to $21.00. On average, they predict the company's stock price to reach $17.16 in the next twelve months. This suggests a possible upside of 46.7% from the stock's current price.
View analysts price targets for GT or view top-rated stocks among Wall Street analysts.
How have GT shares performed in 2024?: Goodyear Tire & Rubber's stock was trading at $14.32 on January 1st, 2024. Since then, GT shares have decreased by 18.3% and is now trading at $11.70.
View the best growth stocks for 2024 here.
Are investors shorting Goodyear Tire & Rubber?: Goodyear Tire & Rubber saw a increase in short interest in 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 daily volume of 3,890,000 shares, the short-interest ratio is presently 4.9 days. Approximately 6.8% of the company's shares are sold short.
View Goodyear Tire & Rubber's Short Interest.
When is Goodyear Tire & Rubber's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our GT earnings forecast.
How were Goodyear Tire & Rubber's earnings last quarter?: The Goodyear Tire & Rubber Company (NASDAQ:GT) posted its quarterly earnings results on Tuesday, February, 13th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.36 by $0.11. The firm had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.38 billion. Goodyear Tire & Rubber had a positive trailing twelve-month return on equity of 1.16% and a negative net margin of 3.43%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS.

What ETFs hold Goodyear Tire & Rubber's stock?: 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).
What is Richard J. (Rich) Kramer's approval rating as Goodyear Tire & Rubber's CEO?: 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.
What other stocks do shareholders of Goodyear Tire & Rubber own?: 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).
Who are Goodyear Tire & Rubber's major shareholders?: Goodyear Tire & Rubber's stock is owned by a variety of institutional and retail investors. Top institutional investors 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.
View institutional ownership trends.
How do I buy shares of Goodyear Tire & Rubber?: 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.
Compare Top Brokerages Here.

This page (NASDAQ:GT) was last updated on 4/18/2024 by MarketBeat.com Staff

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

Goodyear Tire & Rubber MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Goodyear Tire & Rubber Stock (NASDAQ:GT)

GT Stock Price History

GT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

GT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™