Goodyear stock price forecast benefits from softer logistics costs

Goodyear stock price forecast benefits from softer logistics costs due to easing shipping rates. This cost advantage could improve gross margin by up to 0.8% in the upcoming reporting period. The dynamics of the industry are reflected in workplace safety and pricing patterns. As per the aforementioned report, the subsector recorded 16 fatalities and 2.9 recordable injury cases per 100 full-time employees in 2023. As the number of enterprises steadily increased to 14,536 in Q2 2024, productivity remained a priority. While import and export price indexes showed stability in December 2024, price trends as shown by the Producer Price Index (PPI) showed a minor decline (-0.1%). By striking a balance between labor demands, safety regulations, and pricing pressures, the industry’s performance and trends highlight its importance to the economy. Goodyear’s debt-to-equity ratio is down to 1.30 . That puts it at a discount to its historical averages. However, cost-cutting will only get the company so far. A key reason for investor optimism is that Goodyear is insulated from tariffs. Goodyear stock price forecast shows moderate upside potential in Q3 2024 as improving tire demand and lower raw material costs may boost margins. Analysts note shares are trading near $12.85, with resistance at $13.50 and support around $12.