Bridgestone (OTCMKTS:BRDCY) Cut to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Bridgestone (OTCMKTS:BRDCY – Get Rating) from a conviction-buy rating to a buy rating in a research note published on Tuesday morning, The Fly reports.

Separately, Jefferies Financial Group raised Bridgestone from a hold rating to a buy rating in a report on Tuesday, March 7th.

Bridgestone Stock Up 0.5 %

OTCMKTS:BRDCY opened at $20.37 on Tuesday. Bridgestone has a 1 year low of $16.08 and a 1 year high of $21.00. The company has a quick ratio of 1.50, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $20.01 and a 200-day simple moving average of $19.06.

Bridgestone (OTCMKTS:BRDCY – Get Rating) last posted its earnings results on Monday, May 15th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.52 billion. On average, equities analysts forecast that Bridgestone will post 1.94 earnings per share for the current year.

Bridgestone Company Profile

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Bridgestone Corp. engages in the manufacture and sale of tires and rubber products. It operates through the Tires and Diversified Products segments. The Tires segment manufactures and sells tires, tubes, wheels and accessories. It also offers retread material and services, and auto maintenance. The Diversified Products segment includes chemical and industrial products, sporting goods, bicycles, and financial services.