Analyst Ratings for Goodyear Tire & Rubber Co. (GT)

Updated: 2017-07-29

Goodyear Tire & Rubber Co. (NASDAQ:GT) was awarded an average rating of Buy from investment analysts following the stock. Last month, GT received an average rating of Buy.

A buy rating was issued by 8 analysts, 1 issued an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.

Investment analysts gave a few price targets for GT. The most optimistic analyst gave a price target of 52, implying a possible profit of 59.95 percent. The most pessimistic price target was 34, which equates to a potential downside of 4.58 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -9.33 percent. The average change in earnings estimates over the last 90 days is -19.35 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.94 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -3.69 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.

GT has an estimated earnings growth rate of -24.12 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of GT is -0.3.

GT has traded between a high of 37.20 and a low of 26.82 over the past year. Today's price is 21.22 percent above the 52-week low, and below the high by 12.61 percent. GT has a P/E ratio of 7.14. Investors typically compare the P/E ratio to a company's peers in the industry. The GT value stock report compares GT to some of its peers using value stock charts. The market cap of GT is $8.96 billion. GT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.