Goodyear Tire Sells Polymer Chemicals Business

An update from GoodYear Tire ( (GT) ) is now available.

On May 22, 2025, Goodyear Tire & Rubber Company announced the sale of its polymer chemicals business to G-3 Chickadee Purchaser, LLC for approximately $650 million. This transaction, part of Goodyear’s strategic Goodyear Forward transformation plan, involves the transfer of chemical plants in Texas and a research facility in Ohio, with the aim of optimizing the company’s portfolio and reducing leverage. The sale is subject to regulatory approval and customary closing conditions, and it is expected to close by late 2025. Goodyear will retain certain chemical facilities and rights in New York and Texas.

The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.

Spark’s Take on GT Stock

According to Spark, TipRanks’ AI Analyst, GT is a Neutral.

Goodyear Tire’s overall stock score reflects a company with mixed financial performance, facing challenges with declining revenues and high leverage. However, technical indicators show positive momentum, and recent strategic initiatives, such as asset sales and board appointments, are promising. The valuation is fair but tempered by the absence of a dividend yield. Earnings call highlights and corporate events provide some optimism, yet the company must address core financial challenges to strengthen its position.

To see Spark’s full report on GT stock, click here.

More about GoodYear Tire

Goodyear Tire & Rubber Company is one of the world’s largest tire manufacturers, employing approximately 68,000 people and operating 53 facilities across 20 countries. The company is known for its innovation centers in Akron, Ohio, and Colmar-Berg, Luxembourg, which focus on developing cutting-edge products and services that set industry standards.

Average Trading Volume: 6,192,945

Technical Sentiment Signal: Hold

Current Market Cap: $3.11B

For a thorough assessment of GT stock, go to TipRanks’ Stock Analysis page.