Bridgestone (OTCMKTS:BRDCY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Bridgestone (OTCMKTS:BRDCY) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Separately, The Goldman Sachs Group downgraded Bridgestone from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Bridgestone Price Performance

OTCMKTS:BRDCY opened at $13.58 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 2.71. The stock’s 50-day simple moving average is $11.31 and its 200 day simple moving average is $11.04. The company has a market cap of $36.23 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.24 and a beta of 0.54. Bridgestone has a 52-week low of $9.15 and a 52-week high of $13.64.

Bridgestone (OTCMKTS:BRDCY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. As a group, sell-side analysts forecast that Bridgestone will post 0.89 EPS for the current fiscal year.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.