Bridgestone (OTCMKTS:BRDCY) Shares Gap Up – What’s Next?

Bridgestone Corp. (OTCMKTS:BRDCY) gapped up before the market opened on Monday . The stock had previously closed at $12.51, but opened at $13.53. Bridgestone shares last traded at $13.54, with a volume of 4,974 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BRDCY shares. The Goldman Sachs Group downgraded shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, June 17th. Zacks Research raised shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Bridgestone Stock Performance

The firm has a market cap of $36.10 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.54. The business has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $11.00. The company has a quick ratio of 1.83, a current ratio of 2.71 and a debt-to-equity ratio of 0.18.

Bridgestone (OTCMKTS:BRDCY) last issued its earnings results on Thursday, May 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. As a group, equities research analysts forecast that Bridgestone Corp. will post 0.86 earnings per share for the current fiscal 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.