Currently, The Goodyear Tire & Rubber Company [GT] is trading at $11.80, down -1.99%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GT shares have lost -9.79% over the last week, with a monthly amount drifted -16.61%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
The Goodyear Tire & Rubber Company [NASDAQ: GT] stock has seen the most recent analyst activity on July 18, 2022, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $15 from $19. Previously, Nomura upgraded its rating to Buy on May 10, 2022, and elevated its price target to $15.30. On April 11, 2022, Exane BNP Paribas initiated with a Neutral rating. Jefferies downgraded its rating to a Hold. Nomura upgraded its rating to a Neutral and raised its price target to $15 on February 14, 2022. JP Morgan upgraded its rating to Overweight for this stock on February 14, 2022, and downed its price target to $23. In a note dated December 08, 2021, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $29 to $32.
This stock has fluctuated between a low of $10.33 and a high of $24.89 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $17.54 within the next 12 months. The Goodyear Tire & Rubber Company [NASDAQ: GT] shares were valued at $11.80 at the most recent close of the market. An investor can expect a potential return of 48.64% based on the average price forecast.
Analyzing the GT fundamentals
Recent quarter sales for The Goodyear Tire & Rubber Company [NASDAQ:GT] were 5.21 billion which represents 31.00% growth. Gross Margin for this corporation currently stands at +24.11% with Operating Margin at +5.83%, Pretax Margin comes in at +2.94%, and Net Margin reading is +4.37%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.58 points at the first support level, and at 11.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.12, and for the 2nd resistance point, it is at 12.44.
The Goodyear Tire & Rubber Company [GT] reported earnings per share of $0.37 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.16 and a surprise factor of 76.20%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.57 per share as compared to estimates of $0.32 per share, a difference of $0.25 representing a surprise of 78.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for The Goodyear Tire & Rubber Company [NASDAQ:GT] is 1.30. Also, the Quick Ratio is 0.57, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 1.20 and the P/E (TTM) ratio is 3.56.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 3,733 shares and 1 insider sellings of 1,680 shares. Recent insider trading involved KRAMER RICHARD J, Chairman of the Bd, CEO & Pres, that happened on Dec 08 when 0.18 million shares were sold. President, Americas, McClellan Stephen R completed a deal on Nov 19 to sell 54302.0 shares. Meanwhile, President, Americas McClellan Stephen R sold 36177.0 shares on Nov 10.