The stock of Goodyear Tire & Rubber Co. (NASDAQ:GT) last traded at $12.67, up 2.01% from the previous session.
GT stock price is now 1.61% away from the 50-day moving average and -3.30% away from the 200-day moving average. The market capitalization of the company currently stands at $3.60B.
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With the price target of $16.80, HSBC Securities recently initiated with Buy rating for Goodyear Tire & Rubber Co. (NASDAQ: GT). On November 16, 2023, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $13 to quote $21, while ‘Nomura’ rates the stock as ‘Neutral’
In other news, WELLS DARREN R, EVP & Chief Admin. Officer sold 8,509 shares of the company’s stock on Feb 28 ’24. The stock was sold for $100,579 at an average price of $11.82. Upon completion of the transaction, the EVP & Chief Admin. Officer now directly owns 150,441 shares in the company, valued at $1.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, EVP & Chief Admin. Officer WELLS DARREN R sold 237 shares of the business’s stock. A total of $2,845 was realized by selling the stock at an average price of $12.01. This leaves the insider owning 150,441 shares of the company worth $1.91 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Goodyear Tire & Rubber Co. has had a low of $10.94 and a high of $16.50. As of last week, the company has a debt-to-equity ratio of 2.01, a current ratio of 1.15, and a quick ratio of 0.60.
According to the Auto Parts Company, earnings per share came in at -0.34, missing analysts’ expectations of 0.16 by -0.5. This compares to -$0.35 EPS in the same period last year. The net profit margin was -3.28% and return on equity was -13.05% for GT. The company reported revenue of $4.54 billion for the quarter, compared to $4.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.18 percent. For the current quarter, analysts expect GT to generate $4.86B in revenue.
