Bridgestone (OTCMKTS:BRDCY) Rating Increased to Strong-Buy at CLSA

Bridgestone (OTCMKTS:BRDCY) was upgraded by stock analysts at CLSA to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Bridgestone Trading Up 0.2%

Shares of Bridgestone stock opened at $23.23 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.51 and a debt-to-equity ratio of 0.17. Bridgestone has a 1-year low of $15.90 and a 1-year high of $24.54. The business’s fifty day moving average price is $22.61 and its two-hundred day moving average price is $21.22.

Bridgestone (OTCMKTS:BRDCY) last released its quarterly earnings results on Friday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.10). The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.39 billion. As a group, equities research analysts anticipate that Bridgestone will post 1.72 EPS for the current fiscal year.

Bridgestone Company Profile

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.