Sanford C. Bernstein Downgrades Bridgestone (OTCMKTS:BRDCY) to Hold

Bridgestone (OTCMKTS:BRDCY – Get Free Report) was downgraded by equities researchers at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also recently issued reports on BRDCY. The Goldman Sachs Group cut Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Zacks Research upgraded Bridgestone from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Get Bridgestone alerts:

Check Out Our Latest Stock Report on Bridgestone

Bridgestone Trading Down 0.6%

BRDCY stock opened at $12.84 on Wednesday. Bridgestone has a 12 month low of $9.15 and a 12 month high of $13.64. The firm’s 50-day moving average is $11.45 and its 200 day moving average is $11.08. The company has a market capitalization of $34.26 billion, a PE ratio of 20.06, a P/E/G ratio of 1.19 and a beta of 0.54. 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 – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.87 billion. On average, research analysts anticipate that Bridgestone will post 0.89 EPS for the current year.

Bridgestone Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Bridgestone
• Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
• Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
• NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Sandisk’s Margins Look Like Software. Can They Last?

Receive News & Ratings for Bridgestone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgestone and related companies with MarketBeat.com's FREE daily email newsletter.