Sunday, February 28, 2021

why The Goodyear Tire & Rubber Company [GT] is a Good Choice for Investors After New Price Target of $11.38

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The Goodyear Tire & Rubber Company [NASDAQ: GT] gained 8.75% or 0.84 points to close at $10.44 with a heavy trading volume of 7006757 shares. The company report on November 10, 2020 that Goodyear Releases New WinterCommand Ultra Tire.

Premium winter tire now available for purchase at retail.


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The Goodyear (NASDAQ: GT) WinterCommand Ultra tire is now available for purchase in the U.S. and Canada. It demonstrates exceptional performance on ice and snow and earned No.1 rankings among leading competitors in wet handling, wet cornering grip, deep water curved hydroplaning and ride comfort.* This premium studless tire features 50 sizes and offers optimal grip for drivers looking to maximize traction and elevate starting and stopping power in winter driving conditions.

It opened the trading session at $9.75, the shares rose to $10.52 and dropped to $9.455, the range by which the price of stock traded the whole day. The daily chart for GT points out that the company has recorded 70.11% gains over the past six months. However, it is still -155.26% lower than its most recent low trading price.

If we look at the average trading volume of 3.64M shares, GT reached to a volume of 7006757 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Goodyear Tire & Rubber Company [GT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GT shares is $11.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GT stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northcoast have made an estimate for The Goodyear Tire & Rubber Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 01, 2020. The new note on the price target was released on August 03, 2020, representing the official price target for The Goodyear Tire & Rubber Company stock. Previously, the target price had yet another raise to $7.50, while Exane BNP Paribas analysts kept a Neutral rating on GT stock.

The Average True Range (ATR) for The Goodyear Tire & Rubber Company is set at 0.64, with the Price to Sales ratio for GT stock in the period of the last 12 months amounting to 0.21. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 4.28. Price to Free Cash Flow for GT in the course of the last twelve months was 7.65 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for GT stock

The Goodyear Tire & Rubber Company [GT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.78. With this latest performance, GT shares gained by 7.68% in over the last four-week period, additionally plugging by 70.11% over the last 6 months – not to mention a drop of -38.52% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GT stock in for the last two-week period is set at 57.54, with the RSI for the last a single of trading hit 61.74, and the three-weeks RSI is set at 57.23 for The Goodyear Tire & Rubber Company [GT]. The present Moving Average for the last 50 days of trading for this stock 9.19, while it was recorded at 9.39 for the last single week of trading, and 8.80 for the last 200 days.

The Goodyear Tire & Rubber Company [GT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The Goodyear Tire & Rubber Company [GT] shares currently have an operating margin of +5.57 and a Gross Margin at +24.24. The Goodyear Tire & Rubber Company’s Net Margin is presently recorded at -2.11.

Return on Total Capital for GT is now 7.49, given the latest momentum, and Return on Invested Capital for the company is -3.15. Return on Equity for this stock declined to -6.75, with Return on Assets sitting at -1.83. When it comes to the capital structure of this company, The Goodyear Tire & Rubber Company [GT] has a Total Debt to Total Equity ratio set at 150.08. Additionally, GT Total Debt to Total Capital is recorded at 60.01, with Total Debt to Total Assets ending up at 38.00. Long-Term Debt to Equity for the company is recorded at 124.59, with the Long-Term Debt to Total Capital now at 49.82.

Reflecting on the efficiency of the workforce at the company, The Goodyear Tire & Rubber Company [GT] managed to generate an average of -$4,937 per employee. Receivables Turnover for the company is 7.43 with a Total Asset Turnover recorded at a value of 0.87.The Goodyear Tire & Rubber Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.

The Goodyear Tire & Rubber Company [GT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The Goodyear Tire & Rubber Company posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.52/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -63.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Goodyear Tire & Rubber Company go to -2.42%.

An analysis of insider ownership at The Goodyear Tire & Rubber Company [GT]

There are presently around $1,912 million, or 84.70% of GT stock, in the hands of institutional investors. The top three institutional holders of GT stocks are: BLACKROCK INC. with ownership of 25,594,895, which is approximately -12.191% of the company’s market cap and around 0.29% of the total institutional ownership; VANGUARD GROUP INC, holding 21,596,812 shares of the stock with an approximate value of $225.58 million in GT stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $121.7 million in GT stock with ownership of nearly 0.241% of the company’s market capitalization.

Positions in The Goodyear Tire & Rubber Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 131 institutional holders increased their position in The Goodyear Tire & Rubber Company [NASDAQ:GT] by around 19,542,145 shares. Additionally, 174 investors decreased positions by around 31,381,197 shares, while 52 investors held positions by with 132,166,209 shares. The mentioned changes placed institutional holdings at 183,089,551 shares, according to the latest SEC report filing. GT stock had 44 new institutional investments in for a total of 6,103,100 shares, while 58 institutional investors sold positions of 5,994,150 shares during the same period.

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