<div id="readability-page-1"><p><span>Goodyear Tire &amp; Rubber (NASDAQ:GT - Get Free Report)</span> had its price objective dropped by analysts at Citigroup  from $10.00 to $8.00 in a report released on Friday,Benzinga reports. The firm presently has a &#34;neutral&#34; rating on the stock. Citigroup's price objective would suggest a potential upside of 22.89% from the company's current price.</p><div><p><span></span><span>Get <strong>Goodyear Tire &amp; Rubber</strong> alerts:</span></p></div><ul><li>GitLab Sell-Off Overdone: AI and Cash Flow Signal a Rebound</li></ul><p>Several other analysts also recently weighed in on the company. JPMorgan Chase &amp; Co. dropped their price target on Goodyear Tire &amp; Rubber from $11.00 to $10.00 and set an &#34;overweight&#34; rating on the stock in a research note on Thursday, April 23rd. TD Cowen dropped their price target on Goodyear Tire &amp; Rubber from $10.00 to $9.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft dropped their price target on Goodyear Tire &amp; Rubber from $12.00 to $9.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, April 16th. Finally, Zacks Research downgraded Goodyear Tire &amp; Rubber from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, three have issued  a Hold rating and three have assigned  a Sell rating to the company's stock. According to data from MarketBeat.com, Goodyear Tire &amp; Rubber  has an average rating of &#34;Hold&#34; and an average price target of $8.83.</p><p><b>Read Our Latest Analysis on Goodyear Tire &amp; Rubber</b></p><h2>Goodyear Tire &amp; Rubber Stock Down 5.1%</h2><ul><li>Strong Quarter, Weak Reaction: Why GitLab Shares Dropped</li></ul><p>GT stock traded down $0.35 on Friday, hitting $6.51. 8,172,721 shares of the company's stock were exchanged, compared to its average volume of 7,651,746. Goodyear Tire &amp; Rubber has a 12-month low of $6.14 and a 12-month high of $12.03. The firm has a 50 day moving average price of $7.04 and a two-hundred day moving average price of $8.06. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.54 and a current ratio of 1.06. The stock has a market cap of $1.87 billion, a P/E ratio of -0.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17. </p><p>Goodyear Tire &amp; Rubber (NASDAQ:GT - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.05. Goodyear Tire &amp; Rubber had a positive return on equity of 0.88% and a negative net margin of 11.64%.The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the business earned ($0.04) EPS. The firm's revenue for the quarter was down 8.7% on a year-over-year basis.  As a group, equities research analysts expect that  Goodyear Tire &amp; Rubber will post 0.29 EPS for the current fiscal year. </p><h2>Institutional Trading of Goodyear Tire &amp; Rubber</h2><ul><li>Buy the Dip? GitLab’s Bullish Case Outweighs the Bears</li></ul><p>Several large investors have recently added to or reduced their stakes in GT. Focus Partners Wealth acquired a new position in shares of  Goodyear Tire &amp; Rubber in the 3rd quarter valued at about $25,000.  EFG International AG acquired a new position in shares of  Goodyear Tire &amp; Rubber in the 4th quarter valued at about $26,000.  Los Angeles Capital Management LLC acquired a new position in shares of  Goodyear Tire &amp; Rubber in the 4th quarter valued at about $26,000.  Hantz Financial Services Inc. lifted its holdings in shares of  Goodyear Tire &amp; Rubber by 384.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 5,289 shares of the company's stock valued at $40,000 after buying an additional 4,198 shares during the period.  Finally, Cloud Capital Management LLC acquired a new position in shares of  Goodyear Tire &amp; Rubber in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own  84.19% of the company's stock. </p><h2>About Goodyear Tire &amp; Rubber</h2> (Get Free Report)<p>The Goodyear Tire &amp; 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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Goodyear Tire &amp; Rubber</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1Q?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1Q"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Goodyear Tire &amp; Rubber Right Now?</h2><p>Before you consider Goodyear Tire &amp; Rubber, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Goodyear Tire &amp; Rubber wasn't on the list.</p><p>While Goodyear Tire &amp; Rubber currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Citigroup has lowered its price target for Goodyear Tire & Rubber (NASDAQ:GT) from $10.00 to $8.00, maintaining a "neutral" rating. This suggests a potential upside of 22.89% from the current price. Other analysts have also adjusted their targets, with JPMorgan reducing it to $10.00 and TD Cowen to $9.00. Goodyear's stock is currently trading at $6.51, down 5.1%, with an average rating of "Hold" and a price target of $8.83. The company reported a quarterly revenue of $3.88 billion, exceeding estimates, but earnings per share were negative at ($0.39).</p>

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Goodyear Tire & Rubber (NASDAQ:GT) Price Target Cut to $8.00 by Analysts at Citigroup