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01:19pm | Nomura Trims The Goodyear Tire & Rubber Price Target to $12 From $13, Maintains Neutral Rating | MT |
May. 07 | Transcript : The Goodyear Tire & Rubber Company, Q1 2024 Earnings Call, May 07, 2024 |
Summary
- On the basis of various fundamental qualitative criteria, the company appears to be particularly poorly ranked from a medium and long-term investment perspective.
- According to Refinitiv, the company's ESG score for its industry is good.
Strengths
- The company's profit outlook over the next few years is a strong asset.
- The stock, which is currently worth 2024 to 0.56 times its sales, is clearly overvalued in comparison with peers.
- The company's share price in relation to its net book value makes it look relatively cheap.
- The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
- Analyst opinion has improved significantly over the past four months.
- Over the past twelve months, analysts' opinions have been strongly revised upwards.
Weaknesses
- According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
- The company has insufficient levels of profitability.
- The group shows a rather high level of debt in proportion to its EBITDA.
- For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
- For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
- For the past year, analysts have significantly revised downwards their profit estimates.
- For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
- Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
- The price targets of analysts who cover the stock differ significantly. This implies difficulties in evaluating the company and its business.
- The group usually releases earnings worse than estimated.
Ratings chart - Surperformance
Chart ESG Refinitiv
Sector: Tires & Rubber Products
1st Jan change | Capi. | Investor Rating | ESG Refinitiv | |
---|---|---|---|---|
-11.52% | 3.61B | B- | ||
+16.92% | 29.95B | A- | ||
+37.53% | 7.05B | C | ||
+25.21% | 4.1B | B+ | ||
-1.54% | 3.6B | C+ | ||
+49.53% | 3.46B | - | - | |
+23.07% | 3.18B | B- | ||
+23.60% | 2.84B | C- | ||
+8.20% | 2.51B | B | ||
-0.29% | 1.22B | B |
Financials
Valuation
Momentum
Consensus
Business Predictability
Environment
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Controversy
Technical analysis
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- Ratings The Goodyear Tire & Rubber Company