GT stock: buy or sell?
September 20th, 2019
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide.
Should I buy GT stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, The Goodyear Tire & Rubber stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is The Goodyear Tire & Rubber stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we detected 9 ratings published for GT stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-2-5||Jefferies Financial Group||n/a||Buy|
GT stock analysis
The Goodyear Tire & Rubber shares rose 2.14% to $13.82 today.
Shares of The Goodyear Tire & Rubber ended today at $13.82 and rose a shining 2.14%. GT is retaking the upward trend marking a new rising bottom heading to break out over $14.44. Since price and SMA50d lines crossed up on September 11th, GT climbed $0.77 (5.90%).
After boosting an amazing 12.93% in a week last week, The Goodyear Tire & Rubber closed this week at $13.82 and decreased an unpleasant -1.29%. Late July GT plunged a hair-raising -9.98% in just one week.
The downtrend marked by GT has left successive declining tops and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. This week, The Goodyear Tire & Rubber stock lost the significant level of the 20-weeks moving average.
GT stock price history
GT stock historical price chart
GT stock reached 52-week highs at $24.00, and all-time highs 1998-03-31 with a price of 58.67.
GT stock price target is $15.30Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 6 price targets for GT stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-26||Morgan Stanley||Set Price Target||n/a||$14.00||-|
|2019-2-5||Jefferies Financial Group||Reiterates||n/a||$25.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareThe Goodyear Tire & Rubber failed analysts on February when it published an Earnings per Share (EPS) of $0.51 when the market consensus was $0.60.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a slightly fine movement of 0.64% to $15,475.00 M USD. Slightly better, its profit margin (compared to sales) gained to 4.48%, that is $693.00 million.
|2013||$19,540 M||-||$629 M3.2%||-|
|2014||$18,138 M||-7.18%||$2,452 M13.5%||289.83%|
|2015||$16,443 M||-9.35%||$307 M1.9%||-87.48%|
|2016||$15,158 M||-7.81%||$1,264 M8.3%||311.73%|
|2017||$15,377 M||1.44%||$346 M2.3%||-72.63%|
|2018||$15,475 M||0.64%||$693 M4.5%||100.29%|
Quarterly financial resultsThe Goodyear Tire & Rubber reported $3,876.00 M in sales for 2018-Q4, a -1.32% decline compared to previous quarter. Reported quarter earnings marked $110.00 M with a profit margin of 2.84%. Profit margin dropped a -6.10% compared to previous quarter when profit margin was 8.94%. When comparing revenues to same quarter last year, The Goodyear Tire & Rubber sales marked a rough loss and slightly fell a -4.79%.
|2017-Q2||$3,690 M||-||$147 M4.0%||-|
|2017-Q3||$3,920 M||6.23%||$129 M3.3%||-12.24%|
|2017-Q4||$4,071 M||3.85%||$-96 M-2.4%||-174.42%|
|2018-Q1||$3,830 M||-5.92%||$75 M2.0%||-178.13%|
|2018-Q2||$3,841 M||0.29%||$157 M4.1%||109.33%|
|2018-Q3||$3,928 M||2.27%||$351 M8.9%||123.57%|
|2018-Q4||$3,876 M||-1.32%||$110 M2.8%||-68.66%|
|2019-Q1||$3,598 M||-7.17%||$-61 M-1.7%||-155.45%|
The Goodyear Tire & Rubber ownershipWhen you are planning to invest in a company, it's worth to check its ownership structure.
The Goodyear Tire & Rubber shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.37% of all shares.
Bearish positions for GT stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to The Goodyear Tire & Rubber:
|Market cap||$3.2 B||$1.2 B|
|Total shares||232.5 M||50.2 M|
|Float shares||231.5 M||49.9 M|
|- Institutional holdings (%)||91.6%||104.7%|
|- Insider holdings (%)||0.4%||0.9%|
|Shares in short selling||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$13.48 - $13.93|
|Average true range||$0.62|
|50d mov avg||$12.94|
|100d mov avg||$14.10|
|200d mov avg||$16.70|
The Goodyear Tire & Rubber performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked Array as the bechmarking frame for The Goodyear Tire & Rubber stock.
|GTThe Goodyear Tire...||-7.93%||-18.99%||-41.76%|
|CTBCooper Tire & Rub...||-19.04%||-13.85%||-16.44%|