The stock of Goodyear Tire & Rubber Co. (NASDAQ:GT) last traded at $14.16, up 0.85% from the previous session.
Data from the available sources indicates that Goodyear Tire & Rubber Co. (NASDAQ:GT) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $13.00, we find $16.50. Given the previous closing price of $14.04, this indicates a potential upside of 17.52 percent. GT stock price is now 14.01% away from the 50-day moving average and 13.18% away from the 200-day moving average. The market capitalization of the company currently stands at $4.02B.
In total, 5 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $16.33 as their price target over the next twelve months.
With the price target enhanced from $13 to $21, Deutsche Bank Upgraded its rating from Hold to Buy for Goodyear Tire & Rubber Co. (NASDAQ: GT).
Insiders disposed of 224,919 shares of company stock worth roughly $3.18 million over the past 1 year. A total of 0.56% of the company’s stock is owned by insiders.
With an opening price of $14.51 on Thursday morning, Goodyear Tire & Rubber Co. (NASDAQ: GT) set off the trading day. During the past 12 months, Goodyear Tire & Rubber Co. has had a low of $9.66 and a high of $16.50. As of last week, the company has a debt-to-equity ratio of 1.94, a current ratio of 1.30, and a quick ratio of 0.70. The fifty day moving average price for GT is $12.45 and a two-hundred day moving average price translates $12.52 for the stock.
The latest earnings results from Goodyear Tire & Rubber Co. (NASDAQ: GT) was released for Sep, 2023. According to the Auto Parts Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.19 by 0.17. This compares to $0.17 EPS in the same period last year. The net profit margin was -2.47% and return on equity was -9.96% for GT. The company reported revenue of $5.14 billion for the quarter, compared to $5.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.18 percent. For the current quarter, analysts expect GT to generate $5.33B in revenue.
Goodyear Tire & Rubber Co.(GT) Company Profile
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 tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also provides retreads 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 retail sale, and provides repair and other 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.