Goodyear Tire & Rubber (NASDAQ:GT) Stock Rating Lowered by Zacks Research

Goodyear Tire & Rubber (NASDAQ:GT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

GT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Goodyear Tire & Rubber from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Citigroup lifted their target price on Goodyear Tire & Rubber from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. decreased their target price on Goodyear Tire & Rubber from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Finally, TD Cowen decreased their target price on Goodyear Tire & Rubber from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.11.

Goodyear Tire & Rubber Price Performance

Shares of GT stock opened at $6.86 on Wednesday. The firm has a market cap of $1.97 billion, a P/E ratio of -0.95, a P/E/G ratio of 0.67 and a beta of 1.17. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.06 and a quick ratio of 0.54. Goodyear Tire & Rubber has a 1-year low of $6.14 and a 1-year high of $12.03. The firm has a fifty day moving average of $7.04 and a two-hundred day moving average of $8.06.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.05. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.81 billion. Goodyear Tire & Rubber had a negative net margin of 11.64% and a positive return on equity of 0.88%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. As a group, research analysts anticipate that Goodyear Tire & Rubber will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Goodyear Tire & Rubber by 6.3% during the 4th quarter. Wellington Management Group LLP now owns 28,047,790 shares of the company’s stock valued at $245,699,000 after purchasing an additional 1,666,394 shares during the period. Vanguard Group Inc. boosted its stake in Goodyear Tire & Rubber by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 27,950,476 shares of the company’s stock valued at $209,070,000 after purchasing an additional 1,130,037 shares during the period. Dimensional Fund Advisors LP boosted its stake in Goodyear Tire & Rubber by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 16,558,938 shares of the company’s stock valued at $109,778,000 after purchasing an additional 1,352,085 shares during the period. American Century Companies Inc. boosted its stake in Goodyear Tire & Rubber by 7.0% during the 3rd quarter. American Century Companies Inc. now owns 12,457,220 shares of the company’s stock valued at $93,180,000 after purchasing an additional 816,703 shares during the period. Finally, State Street Corp boosted its stake in Goodyear Tire & Rubber by 0.4% during the 4th quarter. State Street Corp now owns 10,450,140 shares of the company’s stock valued at $91,543,000 after purchasing an additional 36,786 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Goodyear Tire & Rubber News Roundup

Here are the key news stories impacting Goodyear Tire & Rubber this week:

• Positive Sentiment: Goodyear reported cost-savings from its Goodyear Forward transformation program (about $107M) and cited tariff-related benefits that helped offset weaker volumes; this supports near-term profitability improvement. PR Newswire Q1 Release
• Positive Sentiment: Adjusted EPS beat consensus: reported a loss per share smaller than analysts expected on the headline metric (company reported -$0.39 vs. consensus around -$0.43), which limited the sell-off. Zacks: Q1 Earnings Beat
• Neutral Sentiment: Management released the earnings presentation and held the investor call; slides and commentary provide detail but offered no clear upside guidance to calm investors. Earnings Presentation
• Neutral Sentiment: Cash flow and balance-sheet moves: operating cash flow showed improvement and capex was reduced, and the company reported lower total liabilities versus a year ago — these are stabilizing signs but not enough to offset weak sales. QuiverQuant: Q1 Financials
• Negative Sentiment: Demand weakness and falling tire volumes drove revenue down ~8–9% year-over-year, pressuring top line and margins. MarketBeat: Q1 Summary
• Negative Sentiment: Wider GAAP net loss and operating loss were highlighted in some reports (Quiver flagged a larger net loss and a swing to operating loss), raising concerns about underlying profitability. QuiverQuant: Wider Net Loss
• Negative Sentiment: Management warned that input-cost inflation (cited geopolitical pressures) and continued weak demand will require further cost actions — a signal that near-term margins could remain under pressure. WSJ: Management Comments
• Negative Sentiment: Analyst positioning remains cautious (few or no buy ratings and modest price targets), which limits upside until demand and margins show sustained improvement. QuiverQuant: Analyst Ratings & Targets

About Goodyear Tire & Rubber

The Goodyear Tire & Rubber Company is a leading tire manufacturer and rubber products supplier with more than a century of innovation in its portfolio. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company has grown into a global enterprise known for its engineering expertise and quality standards. Over its history, Goodyear has pioneered advances in tire technology, from early pneumatic designs to modern high-performance and fuel-efficient solutions.

Goodyear’s core business encompasses the design, production and distribution of tires for a variety of markets, including passenger cars, commercial trucks, off-the-road vehicles, aircraft and specialty applications.