Bridgestone (OTCMKTS:BRDCY) Reaches New 12-Month High – Here’s Why

Bridgestone Corp. (OTCMKTS:BRDCY) shares hit a new 52-week high on Wednesday . The stock traded as high as $12.56 and last traded at $12.54, with a volume of 63101 shares trading hands. The stock had previously closed at $11.84.

Analysts Set New Price Targets

A number of research firms recently issued reports on BRDCY. Zacks Research upgraded shares of Bridgestone from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group lowered shares of Bridgestone from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Bridgestone Stock Performance

The stock has a market cap of $33.38 billion, a P/E ratio of 19.55, a PEG ratio of 1.55 and a beta of 0.56. The stock has a fifty day simple moving average of $10.86 and a 200-day simple moving average of $10.92. 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 announced its quarterly earnings results on Thursday, May 14th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.87 billion. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS. Equities analysts expect that Bridgestone Corp. will post 0.86 earnings per share for the current fiscal year.

About Bridgestone

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.