Bridgestone (OTCMKTS:BRDCY) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Bridgestone (OTCMKTS:BRDCY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks reports.

A number of other research firms have also recently commented 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. Sanford C. Bernstein lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Bridgestone Stock Up 1.4%

BRDCY stock opened at $12.21 on Tuesday. Bridgestone has a twelve month low of $9.15 and a twelve month high of $13.64. The company has a quick ratio of 1.83, a current ratio of 2.71 and a debt-to-equity ratio of 0.18. The firm has a market cap of $31.54 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.57. The business has a 50 day moving average of $12.48 and a 200 day moving average of $11.35.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger vehicles, trucks and buses, motorcycles, aircraft, agricultural equipment, mining and construction vehicles, and other commercial applications.

Beyond replacement and original-equipment tires, Bridgestone provides tire retreading, vehicle maintenance, and fleet-management services. Its broader business also includes industrial rubber products, materials, and mobility solutions designed to support transportation, manufacturing, construction, and other industries.

Founded in 1931 by Shojiro Ishibashi, Bridgestone is headquartered in Tokyo and serves customers through operations, manufacturing facilities, distribution networks, and retail channels across markets worldwide.