Zacks Investment Research upgraded shares of Bridgestone (OTCMKTS:BRDCY) from a hold rating to a buy rating in a research note published on Friday morning. They currently have $25.00 price objective on the stock.
According to Zacks, “Bridgestone is involved in the Automotive Industry. Their printing system allows for the real time, on-site creation of vehicle registration forms and license decals on blank stock, including the imprinting of the vehicle license plate number on the decal. This on-demand printing capability allows Departments of Motor Vehicles to substantially reduce fraud and theft, increase revenue collection, and reduce personnel, inventory, and facility costs as a result of increased efficiencies. “
Bridgestone stock opened at $21.80 on Friday. The company has a market capitalization of $33,042.17, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Bridgestone has a 12 month low of $19.89 and a 12 month high of $25.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.22 and a quick ratio of 1.50.
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Bridgestone Company Profile
Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products worldwide. The company provides tires and tire tubes for passenger cars, trucks, buses, construction/mining vehicles, industrial machines, agricultural machines, aircraft, and motorcycles and scooters; and tire related products, retread materials and services, tire raw materials, and automotive maintenance and repair services.
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