Goodyear Tire got a bullish look from analysts at Nomura analysts.
The note, in which Nomura initiated coverage of the auto tyre manufacturing company, mentions a buy rating and a $20 target price, which represents a potential upside of more than 30%.
Nomura analyst Anindya Das cited the stock’s attractive valuation, the company's market share of the aftermarket tire business, and an expected increase in profitability in 2020 amid restructuring of its U.S. plants. Das hinted that Goodyear is a defensive stock with inexpensive valuation that should do well when the economic growth outlook for 2020 is what Das called “somewhat muddled".
Goodyear has upped the ante on automation at its German plants, while shifting production towards higher-cost, premium tires. The restructuring will slash 1,100 jobs, and is expected to boost earnings by $60 million to $70 million by 2022, as indicated by Goodyear.
Earlier this year, Goodyear announced plans to restructure its U.S. manufacturing plants, based on its similar initiative in Germany.
GT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where GT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Indicator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 18 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Momentum Indicator moved below the 0 level on February 17, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on GT as a result. In of 101 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for GT turned negative on February 10, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
GT moved below its 50-day moving average on February 17, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for GT crossed bearishly below the 50-day moving average on February 24, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The 50-day moving average for GT moved below the 200-day moving average on March 10, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for GT entered a downward trend on March 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.600) is normal, around the industry mean (1.956). P/E Ratio (4.687) is within average values for comparable stocks, (46.170). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.326). GT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.027). P/S Ratio (0.107) is also within normal values, averaging (5.352).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of tires and other rubber products
Industry AutoPartsOEM