Bridgestone (OTCMKTS:BRDCY) Cut to “Hold” at Sanford C. Bernstein

Sanford C. Bernstein downgraded shares of Bridgestone (OTCMKTS:BRDCY) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Several other research firms have also weighed in on BRDCY. Zacks Research upgraded shares of Bridgestone from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group lowered shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Bridgestone Stock Down 0.6%

Shares of OTCMKTS:BRDCY opened at $12.84 on Wednesday. Bridgestone has a 1 year low of $9.15 and a 1 year high of $13.64. The company has a market capitalization of $34.26 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.19 and a beta of 0.54. The business has a fifty day moving average price of $11.45 and a two-hundred day moving average price of $11.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.71 and a quick ratio of 1.83.

Bridgestone (OTCMKTS:BRDCY) last released its earnings results on Thursday, May 14th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $7.04 billion for the quarter, compared to the consensus estimate of $6.87 billion. Analysts forecast that Bridgestone will post 0.89 earnings per share for the current year.

Bridgestone Company Profile

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.