GT stock: buy or sell?

GT stock price: $13.82 2.14% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Shares of The Goodyear Tire & Rubber rose a shining 2.14% and closed at $13.82. On Sep/11 GT skyrocketed a dazzling 6.52%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean GT will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

Is GT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-16BNP Paribasn/aOutperform
2019-7-30Citigroupn/aNeutral
2019-6-6Longbow ResearchUnderperformNeutral
2019-6-26Morgan Stanleyn/aHold
2019-3-21Longbow Researchn/aSell
2019-2-5Jefferies Financial Groupn/aBuy
2019-2-11Longbow ResearchNeutralUnderperform
2019-2-11ArgusBuyHold
2019-1-21Longbow Researchn/aHold

GT stock analysis

Daily outlook

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%).

GT stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $15.30

Predicting 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:
GT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-16BNP ParibasInitiatesn/a$10.00-
2019-7-30CitigroupLowers Target$16.00$14.00-12.5%
2019-6-6Longbow ResearchUpgradesn/a$14.74-
2019-6-26Morgan StanleySet Price Targetn/a$14.00-
2019-3-21Longbow ResearchReiteratesn/a$14.00-
2019-2-5Jefferies Financial GroupReiteratesn/a$25.00-
(in average)$16.00$15.30-4.0%
Moving in a range from $25.00 and $10.00, the price forecast for GT stock is $15.30. In average, analysts' outlook on GT price target is negative, downsizing the prediction by a -4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

The 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.
GT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.62n/a
2017-Q32017-10-270.670.74.5%
2017-Q42018-02-080.760.9930.3%
2018-Q12018-04-250.440.513.6%
2018-Q22018-07-270.560.6210.7%
2018-Q32018-10-260.760.68-10.5%
2018-Q42019-02-080.60.51-15.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared 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.

GT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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 M1.44%$346 M2.3%-72.63%
2018$15,475 M0.64%$693 M4.5%100.29%

Quarterly financial results

The 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%.
GT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$3,690 M-$147 M4.0%-
2017-Q3$3,920 M6.23%$129 M3.3%-12.24%
2017-Q4$4,071 M3.85%$-96 M-2.4%-174.42%
2018-Q1$3,830 M-5.92%$75 M2.0%-178.13%
2018-Q2$3,841 M0.29%$157 M4.1%109.33%
2018-Q3$3,928 M2.27%$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 ownership

When 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:

GTCTB
Market cap$3.2 B$1.2 B
Total shares232.5 M50.2 M
Float shares231.5 M49.9 M
  - Institutional holdings (%)91.6%104.7%
  - Insider holdings (%)0.4%0.9%
Shares in short selling0.0%0.0%

GT summary

Friday, September 20th, 2019
Open$13.50
Close$13.82
Day range$13.48 - $13.93
Previous close$13.53
Session gain2.14%
Average true range$0.62
50d mov avg$12.94
100d mov avg$14.10
200d mov avg$16.70
Daily patternlb02a
Weekly pattern lt02a

The Goodyear Tire & Rubber performance

Stocks 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.
Stock3m6m12m
GTThe Goodyear Tire...-7.93%-18.99%-41.76%
CTBCooper Tire & Rub...-19.04%-13.85%-16.44%

The Goodyear Tire & Rubber competitors

Choosing a list of competitors for The Goodyear Tire & Rubber it's not an easy task. We selected just one public company that in our opinion is related to and can be considered The Goodyear Tire & Rubber competitor: