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 potential capital gains of 59.95 percent. The lowest price target was 34, which equates to a potential downside of 4.58 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -9.33 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts decreased their estimates.

GT has an estimated earnings growth rate of -24.12 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. 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. Currently the stock is 21.22 percent higher than its low, and 12.61 percent lower than its 52-week high. GT has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.