Stock Rating Upgrade
In the last week the Value Trend Rating for Goodyear Tire & Rubber Co (NASDAQ: GT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Goodyear Tire & Rubber Co (NASDAQ: GT) stock closed at $11.88 on 4/19/24 after an increase of 1.5%. However, below average trading volume at 72% of normal accompanied the advance. The stock has declined -5.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
GT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Goodyear Tire & Rubber has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Goodyear Tire & Rubber has a good Appreciation Score of 83 but a neutral Power Rating of 43, and the Positive Value Trend Rating results.
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