Goodyear Tire & Rubber Co [GT] stock prices are down -5.40% to $9.98 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GT shares have gain 22.15% over the last week, with a monthly amount glided 6.85%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Goodyear Tire & Rubber Co [NASDAQ: GT] stock has seen the most recent analyst activity on February 18, 2025, when Argus upgraded its rating to a Buy but kept the price target unchanged to $12 for it. On September 05, 2024, downgrade downgraded it’s rating to Peer Perform. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $14 on June 13, 2024. HSBC Securities initiated its recommendation with a Buy and recommended $16.80 as its price target on December 04, 2023. Deutsche Bank upgraded its rating to Buy for this stock on November 16, 2023, and upped its price target to $21. In a note dated May 17, 2023, Nomura downgraded an Neutral rating on this stock but restated the target price of $17.
The stock price of Goodyear Tire & Rubber Co [GT] has been fluctuating between $7.27 and $13.86 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Goodyear Tire & Rubber Co [NASDAQ: GT] shares were valued at $9.98 at the most recent close of the market. An investor can expect a potential return of 60.32% based on the average GT price forecast.
Analyzing the GT fundamentals
The Goodyear Tire & Rubber Co [NASDAQ:GT] reported sales of 18.88B for trailing twelve months, representing a drop of -3.30%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.79.
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 9.65 points at the first support level, and at 9.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.50, and for the 2nd resistance point, it is at 11.02.
Ratios To Look Out For
It’s worth pointing out that Goodyear Tire & Rubber Co [NASDAQ:GT]’s Current Ratio is 1.04. Further, the Quick Ratio stands at 0.55, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 0.60 and price to earnings (TTM) ratio is 41.36.
Transactions by insiders
Recent insider trading involved MCGLADE JOHN E, Director, that happened on Aug 13 ’24 when 31408.0 shares were purchased. Director, KOELLNER LAURETTE T completed a deal on Aug 12 ’24 to buy 26000.0 shares. Meanwhile, Sr VP and General Counsel Phillips David Emmitt sold 77009.0 shares on Aug 12 ’24.
