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.

Several price targets were given for GT by the analysts covering the stock. The most optimistic analyst gave a price target of 52, implying a possible profit of 59.95 percent. The minimum price target given was 34, implying a possible loss of 4.58 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. If we look at the last 90 days instead, we find a net average change of -3.69 percent in FY estimates.

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, which can be compared to the 3 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 3 analysts decreased their estimates.

Analysts estimate earnings of GT to grow at a rate of -24.12 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. GT has a PEG ratio of -0.3.

In the trailing 52-weeks, GT hit 37.20 at the highest peak, while it's lowest trading point was 26.82. 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's next earnings release will be on 0000-00-00, which is days away.