Goodyear Tire downgraded by Nomura with a new price target
$GT
Automotive Aftermarket
Consumer Discretionary
Nomura downgraded Goodyear Tire from Buy to Neutral and set a new price target of $17.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | Outperform → Peer Perform | Wolfe Research | |
| 6/13/2024 | $14.00 | Equal-Weight | Morgan Stanley |
| 12/4/2023 | $16.80 | Buy | HSBC Securities |
| 11/16/2023 | $13.00 → $21.00 | Hold → Buy | Deutsche Bank |
| 5/17/2023 | $17.00 | Buy → Neutral | Nomura |
| 5/15/2023 | $13.00 | Underperform → Neutral | Exane BNP Paribas |
| 1/30/2023 | Neutral → Underperform | Exane BNP Paribas | |
| 11/29/2022 | Buy → Hold | Argus |
4/A - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Issuer)
4 - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Issuer)
4 - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Issuer)
Third quarter Goodyear net loss of $34 million (12 cents per share); adjusted net income of $105 million (37 cents per share) Segment operating income of $347 million; SOI margin of 7.2%, up ~70 bps YoY Fourth consecutive quarter of SOI margin expansion; TTM up ~300 bps YoY Americas segment operating income of $251 million, SOI margin of 8.8% Asia Pacific segment operating income of $72 million, SOI margin of 11.7% Goodyear Forward targets increased, portfolio optimization in progress AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported third quarter 2024 results today and the company will host an investor call tomorrow morning at 8:30 a.m. easter
AKRON, Ohio, Oct. 28, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) will report third quarter 2024 financial results after market close on Monday, November 4, followed by an investor conference call at 8:30 a.m. ET on Tuesday, November 5. The Company will publish its results on November 4, in the form of an Earnings Release and an additional presentation on its investor relations website: http://investor.goodyear.com. The following morning, the Company will host an investor call. The investor call can be accessed on the website or via telephone by calling
Second quarter Goodyear net income of $85 million (30 cents per share); adjusted net income of $54 million (19 cents per share) Segment operating income of $339 million, up $215 million compared to the second quarter of 2023 Americas segment operating income of $241 million, SOI margin of 8.9% Asia Pacific segment operating income of $63 million, SOI margin of 10.6% Goodyear Forward transformation initiatives delivered $90 million AKRON, Ohio, July 31, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported second quarter 2024 results today and the company will host an investor call tomorrow morning at 8:00 a.m. eastern time led by Mark Stewart, Goodyear's chief executiv
AKRON, Ohio, Nov. 21, 2024 /PRNewswire/ -- For the 14th consecutive year, Goodyear (NASDAQ:GT) will host toy drives, in partnership with the U.S. Marine Corps Reserve, at its Blimp bases in Ohio, Florida and California. These events offer a unique opportunity for the public to contribute to the Marines Toys for Tots Foundation while enjoying an up-close view of the iconic Goodyear Blimp. From Dec. 6 to 8, Ohio residents can drive through the Wingfoot Lake Blimp hangar from 2 p.m. to 7 p.m. for an exclusive behind-the-scenes look before dropping off their donation to a U.S. Mar
Goodyear's Highway Hero Award will celebrate commercial truck drivers' extraordinary acts of courage AKRON, Ohio, Nov. 14, 2024 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company (NASDAQ:GT) announced it is now accepting nominations for its annual Highway Hero Award. Since 1983, Goodyear has been recognizing commercial truck drivers who go above and beyond their regular duties to keep our highways safe. Now through Dec. 31, 2024, Goodyear is inviting nominations for drivers with a Commercial Driver's License (CDL) who went the extra mile to help others on the road. Good
Third quarter Goodyear net loss of $34 million (12 cents per share); adjusted net income of $105 million (37 cents per share) Segment operating income of $347 million; SOI margin of 7.2%, up ~70 bps YoY Fourth consecutive quarter of SOI margin expansion; TTM up ~300 bps YoY Americas segment operating income of $251 million, SOI margin of 8.8% Asia Pacific segment operating income of $72 million, SOI margin of 11.7% Goodyear Forward targets increased, portfolio optimization in progress AKRON, Ohio, Nov. 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) reported third quarter 2024 results today and the company will host an investor call tomorrow morning at 8:30 a.m. easter
4 - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Issuer)
4/A - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Issuer)
4 - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Issuer)
Veteran Goodyear Leader Gary VanderLind to Retire AKRON, Ohio, May 29, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today announced the planned retirement of Senior Vice President and Chief Human Resources Officer Gary VanderLind and the appointment of Nicole Gray as his replacement, effective July 1, 2024. Chief Executive Officer and President Mark Stewart said, "Gary has been part of the culture and fabric of Goodyear for nearly 40 years, starting in our company-owned retail business and then pursuing a path in Human Resources. There is nothing more im
Kramer to Retire as Chairman, CEO and President Laurette Koellner, Independent Lead Director, Named Board Chair AKRON, Ohio, Jan. 18, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) today announced that Mark Stewart has been elected Chief Executive Officer and President, effective January 29, 2024. He will succeed Richard J. Kramer, who previously announced his planned retirement from the company following 24 years of service, including 14 as Chairman, CEO and President. On the effective date, Laurette T. Koellner, Independent Lead Director of Goodyear's Board since 2019, will become non-executive Board Chair, and Stewart will be added to the Goodyear Board as a director.
Adds Three Mutually Agreed-Upon Independent Directors Supported by Elliott Establishes New Board Committee to Oversee Strategic and Operational Review AKRON, Ohio, July 25, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear") today announced enhancements to its Board of Directors in connection with a cooperation agreement with Elliott Investment Management L.P. (together with its affiliates, collectively "Elliott"). Three highly experienced business leaders, mutually agreed-upon between Goodyear and Elliott, will join the Board effective immediately
Wolfe Research downgraded Goodyear Tire from Outperform to Peer Perform
Morgan Stanley initiated coverage of Goodyear Tire with a rating of Equal-Weight and set a new price target of $14.00
HSBC Securities initiated coverage of Goodyear Tire with a rating of Buy and set a new price target of $16.80
10-Q - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Filer)
8-K - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Filer)
10-Q - GOODYEAR TIRE & RUBBER CO /OH/ (0000042582) (Filer)
Goodyear Tire & Rubber Company (NASDAQ:GT) has entered into a definitive agreement to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company, Limited for $905 million in cash, as a part of its broader Goodyear Forward transformation plan. Yokohama will acquire Goodyear’s OTR tire segment, which is renowned for providing high-quality tires for mining, construction, and industrial markets globally. “The sale of the OTR business marks an important milestone as we continue to execute against our Goodyear Forward transformation plan,” said Mark Stewart, Goodyear Chief Executive Officer and President. Goodyear will continue to supply OTR tires for U.S. military and defen
The Goodyear Tire & Rubber Company (NASDAQ:GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell its Off-the-Road ("OTR") tire business to The Yokohama Rubber Company, Limited (TYO:5101) ("Yokohama") for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan. Goodyear's OTR tire business provides industry-leading OTR tires around the world for surface and underground mining, construction and quarry, and port and industrial end markets. Goodyear OTR offers a comprehensive suite of trusted products, services and tire management sol
- Reuters
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