The Goodyear Tire & Rubber Comp which can be found using ticker (GT) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 17 and 9 with the average target price sitting at $13.29. Given that the stocks previous close was at $10.92 this would imply there is now a potential upside of 21.7%. Also worth taking note is the 50 day moving average now sits at $11.06 and the 200 day MA is $11.56. The market capitalization for the company is $3,016m. You can visit the company’s website by visiting: https://www.goodyear.com
The potential market cap would be $3,670m 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 15.07, revenue per share of 73.26 and a 2.58% return on assets.
