MICHELIN (CGDE) to Post Q4 2017 Earnings of $0.99 Per Share, Jefferies Group Forecasts (MGDDY)

MICHELIN (CGDE) (OTCMKTS:MGDDY) – Investment analysts at Jefferies Group issued their Q4 2017 earnings per share (EPS) estimates for MICHELIN (CGDE) in a research note issued on Sunday. Jefferies Group analyst A. Kurian anticipates that the company will post earnings of $0.99 per share for the quarter. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for MICHELIN (CGDE)’s FY2019 earnings at $2.70 EPS and FY2020 earnings at $2.91 EPS.

Separately, Zacks Investment Research upgraded shares of MICHELIN (CGDE) from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday.

Shares of MICHELIN (OTCMKTS MGDDY) opened at $31.97 on Wednesday. MICHELIN has a 12-month low of $21.35 and a 12-month high of $32.26.

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Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles. The company provides its products primarily under the BFGoodrich, KLEBER, UNIROYAL, TIGAR, KORMORAN, RIKEN, TAURUS, SIAMTYRE, and WARRIOR brand names.

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