Goodyear
About: Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific.
Employees: 71,000
0
Funds holding %
of 6,815 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 123
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
5% less funds holding
Funds holding: 388 [Q2] → 367 (-21) [Q3]
7.25% less ownership
Funds ownership: 90.03% [Q2] → 82.78% (-7.25%) [Q3]
23% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 75
28% less capital invested
Capital invested by funds: $2.91B [Q2] → $2.09B (-$822M) [Q3]
58% less call options, than puts
Call options by funds: $29.7M | Put options by funds: $71.3M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$10
11%
upside
Avg. target
$10
11%
upside
High target
$10
11%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Deutsche Bank Edison Yu 33% 1-year accuracy 3 / 9 met price target | 11%upside $10 | Hold Reinstated | 20 Dec 2024 |
Financial journalist opinion
Based on 11 articles about GT published over the past 30 days
Positive
Seeking Alpha
14 hours ago
It's Time To Rock N Roll With Goodyear Tire
Goodyear's long-term trend line suggests the stock is at the bottom of a 20-year trend, indicating potential for upward movement. The company has beaten earnings expectations for four consecutive quarters and is making progress in its Goodyear Forward plan. Significant asset sales and debt reduction efforts are expected to be fully appreciated by the market once deals close.
Positive
Zacks Investment Research
5 days ago
Goodyear Signs Contract to Sell Dunlop to Sumitomo Rubber
GT signs a definitive agreement to sell the Dunlop brand to Sumitomo Rubber, including trademarks and intangible assets necessary for its operations.
Neutral
PRNewsWire
5 days ago
Goodyear Celebrates the Road to the National Championship Through the 89th Goodyear Cotton Bowl Classic With Innovative Tire Art Honoring The University of Texas and The Ohio State University
Intricately designed, handcrafted sculptures feature new Goodyear Assurance WeatherReady 2 tire tread AKRON, Ohio , Jan. 9, 2025 /PRNewswire/ -- Goodyear (NASDAQ: GT) will return to the iconic Goodyear Cotton Bowl Classic in 2025 with an exciting blend of tradition, innovation, and cutting-edge technology. Continuing its decades-long connection with college football, Goodyear's involvement in the 2025 College Football Playoff Semifinal at the 89th Goodyear Cotton Bowl Classic will feature a tribute to the passion and energy of the game through dynamic tire art, on-site activations and a showcase of its newest tire technology.
Neutral
PRNewsWire
5 days ago
Goodyear Names Don Metzelaar Senior Vice President, Global Manufacturing and Supply Chain
AKRON, Ohio , Jan. 9, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Don Metzelaar has been named senior vice president, Global Manufacturing and Supply Chain, reporting to Chief Executive Officer and President Mark Stewart, effective January 13. "Manufacturing is at the core of our business, and the transformation of our manufacturing operations is central to our go-forward strategy," said Stewart.
Positive
MarketBeat
6 days ago
Top 2 Auto Maintenance Stocks Gearing Up for 2025
A robust vehicle sales market bodes well for the auto maintenance market since consumers will need to service their cars to keep them operating efficiently. Even during contractions in the auto/tires/trucks sector, maintenance is always a constant.
Positive
Reuters
1 week ago
Tire maker Goodyear to sell Dunlop brand to Sumitomo Rubber for $701 mln
Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Sumitomo Rubber Industries for $701 million in cash.
Neutral
PRNewsWire
1 week ago
Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber Industries
Gross cash proceeds at closing of approximately $701 million Advances Goodyear Forward transformation plan, optimizes portfolio of brands Goodyear to supply Dunlop tires to Sumitomo Rubber Industries pursuant to a five-year Transition Offtake Agreement in Europe Goodyear to license back the Dunlop trademarks for use on commercial (truck) tires, and retains its rights to the Dunlop trademarks for use on motorcycle tires in Europe and Oceania AKRON, Ohio , Jan. 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell the Dunlop brand, comprising trademarks and intangible assets necessary for operations of the brand business in Europe, North America and Oceania for consumer, commercial and other specialty tires ("Dunlop Brand"), together with certain associated intellectual property, to Sumitomo Rubber Industries, Ltd. (TYO: 5110) ("SRI").
Neutral
PRNewsWire
1 week ago
Goodyear and TNO Demonstrate Advanced Vehicle Integration to Mitigate Crashes in Adverse Weather
AKRON, Ohio , Jan. 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT), in collaboration with TNO, has announced a significant advancement to vehicle safety systems. The integration of tire intelligence technology into the automatic emergency braking (AEB) system of a vehicle has demonstrated the potential to mitigate crashes, particularly in challenging road conditions.
Positive
Benzinga
1 week ago
Baby, It's Cold Outside: These 5 Winter-Ready Stocks Have What It Takes To Make You Feel Warm And Cozy
As a winter storm hit the central U.S. on Sunday afternoon, let's look at the top five winter-proof stocks expected to shield investors amid extreme winter uncertainties.
Neutral
PRNewsWire
1 week ago
The Goodyear Blimp Celebrates 100 Years in the Sky with a 100+ City Tour and Passenger Flight Giveaway
AKRON, Ohio , Jan. 1, 2025 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced its plans to celebrate the 100th anniversary of the Goodyear Blimp. From flights over more cities to appearances at new events, chances for fans to fly, limited-edition collectors' items and a few larger-than-life-surprises, Goodyear will bring the American icon closer to its fans in 2025 to commemorate its past, present and future.
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