Goodyear Tire & Rubber Co [GT] stock is trading at $11.39, up 4.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GT shares have gain 7.05% over the last week, with a monthly amount glided 4.11%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Deutsche Bank upgraded its rating to Buy on March 31, 2025, and kept the price target unchanged to $13. On March 07, 2025, TD Cowen initiated with a Buy rating and assigned a price target of $14 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $12 on February 18, 2025. Wolfe Research downgraded its rating to Peer Perform for this stock on September 05, 2024. In a note dated June 13, 2024, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $14 on this stock.
Goodyear Tire & Rubber Co [GT] stock has fluctuated between $7.27 and $12.58 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 $11.39 at the most recent close of the market. An investor can expect a potential return of 40.47% based on the average GT price forecast.
Analyzing the GT fundamentals
Goodyear Tire & Rubber Co [NASDAQ:GT] reported sales of 18.59B for the trailing twelve months, which represents a drop of -6.26%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.78.
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 11.07 points at the first support level, and at 10.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.56, and for the 2nd resistance point, it is at 11.73.
Ratios To Look Out For
For context, Goodyear Tire & Rubber Co’s Current Ratio is 1.22. As well, the Quick Ratio is 0.64, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 0.66 and price to earnings (TTM) ratio is 13.58.
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.
