Analysts’ expectations for The Goodyear Tire & Rubber Company (GT) stock: $14.86 price target in 12 months

Currently, The Goodyear Tire & Rubber Company [GT] is trading at $14.13, up 2.17%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GT shares have lost -0.84% over the last week, with a monthly amount glided 37.72%, and seem to be holding up well over a long-time horizon.

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On 11, May 2023, GOODYEAR COMMENTS ON LETTER FROM ELLIOTT. In a post published today on Yahoo Finance, The Goodyear Tire & Rubber Company (NASDAQ: GT) (“Goodyear” or “the Company”) released the following statement regarding the letter Elliott Investment Management L.P. (“Elliott”) sent to the Goodyear Board of Directors this morning:.

From an analyst’s perspective:

This stock has fluctuated between a low of $9.66 and a high of $15.69 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $14.86 within the next 12 months. The Goodyear Tire & Rubber Company [NASDAQ: GT] shares were valued at $14.13 at the most recent close of the market. An investor can expect a potential return of 5.17% based on the average GT price forecast.

Analyzing the GT fundamentals

Recent quarter sales for The Goodyear Tire & Rubber Company [NASDAQ:GT] were 4.94 billion which represents 0.70% growth. During this period, the public company’s revenue per employee was $281,149, while its income per employee was $2,730. Gross Margin for this corporation currently stands at +20.42%slotแตกง่าย with Operating Margin at +4.57%, Pretax Margin comes in at +1.92%, and Net Margin reading is +0.97%. To continue investigating profitability, this company’s Return on Assets is posted at 0.92, Equity is 3.92, Total Capital is 6.79, and Invested Capital is 1.56. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 62.70 and enduring liabilities to the whole assets at 39.72.

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 13.89 points at the first support level, and at 13.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.29, and for the 2nd resistance point, it is at 14.45.

The Goodyear Tire & Rubber Company [GT] reported earnings per share of -$0.29 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.3/share, meaning a difference of $0.01 and a surprise factor of 3.30%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.07 per share as compared to estimates of $0.06 per share, a difference of $0.01 representing a surprise of 16.70%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for The Goodyear Tire & Rubber Company [NASDAQ:GT] is 1.30. In addition, the Quick Ratio stands at 0.57 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.14, the price to book ratio is 0.54 and the P/E (TTM) ratio is 1009.29.