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.

A number of analysts gave price targets for GT. The maximum price target given was 52, implying a possible profit of 59.95 percent. The most pessimistic price target was 34, implying potential capital losses 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -9.33 percent on average, compared to last month. 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.

Another thing investors often look at is the level of agreement among analysts' 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, while 3 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of GT to grow at a rate of -24.12 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. GT has a PEG ratio of -0.3.

In the last 52-weeks, GT has achieved a high of 37.20 and a low of 26.82. The current market price is above the trailing year's low by 21.22 percent, and 12.61 percent below the 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 stock has a market capitalization of $8.96 billion. GT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.