Goodyear Tire & Rubber (NASDAQ:GT) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Goodyear Tire & Rubber (NASDAQ:GT) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

Several other research firms have also recently weighed in on GT. JPMorgan Chase & Co. reduced their price objective 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Goodyear Tire & Rubber from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. TD Cowen reduced their price target on shares of Goodyear Tire & Rubber from $10.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Citigroup raised their price target on shares of Goodyear Tire & Rubber from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.11.

Goodyear Tire & Rubber Price Performance

NASDAQ GT opened at $6.86 on Wednesday. The stock has a 50-day simple moving average of $7.04 and a 200 day simple moving average of $8.06. Goodyear Tire & Rubber has a twelve month low of $6.14 and a twelve month high of $12.03. The stock has a market capitalization of $1.97 billion, a PE 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 quick ratio of 0.54 and a current ratio of 1.06.

Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Wednesday, May 6th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.05. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.81 billion. Goodyear Tire & Rubber had a positive return on equity of 0.88% and a negative net margin of 11.64%.The company’s revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. Research analysts anticipate that Goodyear Tire & Rubber will post 0.29 EPS for the current year.

Institutional Trading of Goodyear Tire & Rubber

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Goodyear Tire & Rubber by 8.9% during the first 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. GatePass Capital LLC lifted its position in Goodyear Tire & Rubber by 13.1% in the first quarter. GatePass Capital LLC now owns 47,500 shares of the company’s stock worth $315,000 after purchasing an additional 5,500 shares during the period. Sanctuary Advisors LLC bought a new position in Goodyear Tire & Rubber in the first quarter worth $91,000. Principal Financial Group Inc. boosted its stake in Goodyear Tire & Rubber by 3.8% during the first quarter. Principal Financial Group Inc. now owns 643,025 shares of the company’s stock worth $4,263,000 after buying an additional 23,595 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in Goodyear Tire & Rubber by 7.3% in the 1st quarter. 180 Wealth Advisors LLC now owns 25,658 shares of the company’s stock valued at $170,000 after buying an additional 1,747 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Key Stories Impacting Goodyear Tire & Rubber

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.