Goodyear Tire & Rubber Co (NASDAQ:GT) shares traded -3.67% lower at $10.50 on Wall Street last session.
GT stock price is now 4.87% away from the 50-day moving average and 14.40% away from the 200-day moving average. The market capitalization of the company currently stands at $3.00B.
With the price target maintained at $13, Deutsche Bank recently Upgraded its rating from Hold to Buy for Goodyear Tire & Rubber Co (NASDAQ: GT). On March 07, 2025, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘Argus’ rates the stock as ‘Buy’
In other news, MCGLADE JOHN E, Director bought 31,408 shares of the company’s stock on Aug 13 ’24. The stock was bought for $252,206 at an average price of $8.03. Upon completion of the transaction, the Director now directly owns 31,408 shares in the company, valued at $0.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director KOELLNER LAURETTE T bought 26,000 shares of the business’s stock. A total of $205,400 was incurred on buying the stock at an average price of $7.90. This leaves the insider owning 26,000 shares of the company worth $0.27 million. A total of 9.60% of the company’s stock is owned by insiders.
During the past 12 months, Goodyear Tire & Rubber Co has had a low of $7.27 and a high of $12.62. As of last week, the company has a debt-to-equity ratio of 1.83, a current ratio of 1.22, and a quick ratio of 0.64.
The net profit margin was 1.30% and return on equity was 5.06% for GT. For the current quarter, analysts expect GT to generate $4.49B in revenue.
