Bridgestone (OTCMKTS:BRDCY) Raised to Strong-Buy at Zacks Research

Bridgestone (OTCMKTS:BRDCY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group lowered shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note 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 stock. Based on data from MarketBeat, Bridgestone presently has a consensus rating of “Buy”.

Bridgestone Price Performance

Shares of OTCMKTS BRDCY opened at $13.58 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.71 and a debt-to-equity ratio of 0.18. Bridgestone has a fifty-two week low of $9.15 and a fifty-two week high of $13.64. The business has a 50 day moving average price of $11.31 and a two-hundred day moving average price of $11.04. The firm has a market cap of $36.23 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.24 and a beta of 0.54.

Bridgestone (OTCMKTS:BRDCY) last announced its earnings results on Thursday, May 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. Sell-side analysts expect that Bridgestone will post 0.89 earnings per share 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.