The Goodyear Tire & Rubber Comp with ticker code (GT) now have 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 17 and 9 and has a mean target at $12.83. Given that the stocks previous close was at $10.66 this now indicates there is a potential upside of 20.4%. The 50 day moving average now sits at $10.89 and the 200 day moving average is $11.53. The market cap for the company is $2,923m. Company Website: https://www.goodyear.com
The potential market cap would be $3,518m based on the market consensus.
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also provides retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical products; and provides automotive and commercial repair services, and miscellaneous other products and services. In addition, it operates approximately 950 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 14.96, revenue per share of 73.26 and a 2.58% return on assets.
