The Goodyear Tire & Rubber Company (NASDAQ: GT) is -31.66% lower on its value in year-to-date trading and has touched a low of $4.09 and a high of $15.69 in the current 52-week trading range. The GT stock was last observed hovering at around $10.31 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $11.00 for the next 12 months. It is also 46.85% off the consensus price target high of $20.00 offered by 9 analysts, but current levels are -11.89% lower than the price target low of $9.50 for the same period.
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Currently trading at $10.63, the stock is 0.70% and 3.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing 3.05% at the moment leaves the stock 20.97% off its SMA200. GT registered -31.66% loss for a year compared to 6-month gain of 23.82%. The firm has a 50-day simple moving average (SMA 50) of $10.54 and a 200-day simple moving average (SMA200) of $9.57.
The stock witnessed a 2.02% loss in the last 1 month and extending the period to 3 months gives it a 38.59%, and is 6.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.45% over the week and 3.60% over the month.
The Goodyear Tire & Rubber Company (GT) has around 63000 employees, a market worth around $2.51B and $12.38B in sales. Fwd P/E is 12.70. Profit margin for the company is -13.80%. Distance from 52-week low is 159.90% and -32.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.20%).
The Goodyear Tire & Rubber Company (GT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Goodyear Tire & Rubber Company (GT) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The Goodyear Tire & Rubber Company is expected to release its quarterly report on 02/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $3.58B over the same period.The EPS is expected to shrink by -145.50% this year, but quarterly earnings will post -13.50% year-over-year. Quarterly sales are estimated to shrink -3.50% in year-over-year returns.
The Goodyear Tire & Rubber Company (GT) Top Institutional Holders
420 institutions hold shares in The Goodyear Tire & Rubber Company (GT), with 678.42k shares held by insiders accounting for 0.29% while institutional investors hold 83.53% of the company’s shares. The shares outstanding are 234.00M, and float is at 232.59M with Short Float at 3.59%. Institutions hold 83.29% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 25.59 million shares valued at $196.31 million. The investor’s holdings represent 10.98% of the GT Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 20.39 million shares valued at $156.42 million to account for 8.75% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 12.04 million shares representing 5.16% and valued at over $92.33 million, while Lsv Asset Management holds 4.05% of the shares totaling 9.44 million with a market value of $72.37 million.
The Goodyear Tire & Rubber Company (GT) Insider Activity
The most recent transaction is an insider purchase by Bellissimo Jonathan, the company’s SR VP Global Operations & Tech. SEC filings show that Bellissimo Jonathan bought 500 shares of the company’s common stock on Mar 10 at a price of $7.38 per share for a total of $3690.0. Following the purchase, the insider now owns 1071.0 shares.