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Goodyear Tire (GT-Q)
NASDAQ:GT
9.92
0.63
(5.97%) 1d
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World’s Most Recognized Brands to Buy in 2019This summary was created by AI, based on 4 opinions in the last 12 months.
Goodyear Tire (GT-Q) is facing significant challenges according to expert reviews. While some believe there may be a potential buying opportunity due to its low price, the overwhelming sentiment points to a company that is heavily leveraged with considerable debt and negative cash flow. The automotive sector, where Goodyear operates, is increasingly competitive, and with decreasing car sales, the outlook remains bleak. The restructuring efforts have been ongoing but experts advise to wait until these processes are complete before making any decisions. Additionally, concerns about management efficacy and volatility in raw material prices further complicate the company's growth prospects.
$9.270
No
It is better now than before but it has lots of debt and negative free cash flow. It has survived over time but has always been somewhat levered and has performed poorly for a long time. Due to the low price it could be time to buy now but you have to be able to handle risk.
Caters to both EV and combustion markets, but car sales have come down. Tough, super-competitive business. Restructuring, which has gone on for a while, so wait for that to finish. Write-offs during restructuring usually help companies.
It's a tough space. We exited this years ago. Buying Cooper Tire 6-8 years ago, but didn't enhance business. The raw material of tires (rubber) is volatile, so this sector is unpredictable. GT is not managed well.
Our PAST TOP PICK with GT has triggered its stop at $12. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 9%, when combined with our previous recommendations.
We reiterate GT as a TOP PICK. Recently reported earnings showed revenues up over 6% beating analyst expectations, with the American region leading the way with 12% growth, showing signs that post-pandemic driving is back on the upswing. It trades under book value and at 15x earnings. We like that cash reserves are growing while debt is aggressively retired and stock is bought back. We recommend maintaining the stop at $10, looking to achieve $13 -- upside potential of 23%. Yield 0%
(Analysts’ price target is $12.83)Shares not performing the last year. Is disappoint with results.
Expecting more car sales to increase sales.
Electric car demand will require tires manufactures.
Will watch company very closely going forward.
Higher inflation really biting into business margins.
Goodyear Tire(GT-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 2
Goodyear Tire(GT-Q) Frequently Asked Questions
What is Goodyear Tire stock symbol?
Goodyear Tire is a American stock, trading under the symbol GT-Q on the NASDAQ (GT). It is usually referred to as NASDAQ:GT or GT-Q
Is Goodyear Tire a buy or a sell?
In the last year, 2 stock analysts published opinions about GT-Q. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Goodyear Tire.
Is Goodyear Tire a good investment or a top pick?
Goodyear Tire was recommended as a Top Pick by on . Read the latest stock experts ratings for Goodyear Tire.
Why is Goodyear Tire stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Goodyear Tire worth watching?
2 stock analysts on Stockchase covered Goodyear Tire In the last year. It is a trending stock that is worth watching.
What is Goodyear Tire stock price?
On 2025-02-21, Goodyear Tire (GT-Q) stock closed at a price of $9.92.
Does not like company. Would recommend selling. Last quarter good - but overall - not a high quality company. High debt loads with poor business prospects.